Episode Synopsis "#1: Barry Lewis - About Basics and Good Control"

Welcome to the very first edition of my podcast series: The Banker’s Plumber - Lessons Learned.  What’s up in banking? What’s changing? What has gone wrong? What is going right? The inspiration to actually do this series came observing the mess and meltdown at Wirecard. My own other inspiration is that down the years, of which there are now more than thirty in my professional life, I have had the privilege of working with some fantastic people, in places far and wide and on some very interesting projects. It is entirely fitting that my first guest is Barry Lewis. Barry is a non-exec partner at the challenger consultancy Elixirr.  He’s been in the city for many a year and has been something of a mentor to me over the years. Our paths first crossed at Salomon Brothers in 1987 in my first post Uni job. We chew on matters of control and the importance of being able to measure things.  Barry's top 3 key lessons learned from his 50 years in operations; ·  You can’t manage what you can’t measure. Develop and embed Key Risk Indicators in every process. ·  You have to evidence that you are in control. A figure in a spreadsheet does not support a balance in the ledger – always demand to see the external proof that substantiates the balance. ·  Cash is King. The correct money in the correct bank a/c is the end goal – the underlying trades are the drivers of settlement but the outcome is cash!

Listen "#1: Barry Lewis - About Basics and Good Control"

More episodes of the podcast The Bankers’ Plumber - Lessons Learned

• #11 - Gautam Gujral / Vertalo
• #10 David Potter - Islamic Finance
• #9 Colin Parry
• #8 - Tim Swanson
• #7 - The Consortium Conundrum Pt 2 - How banks change things
• #6 The Consortium Conundrum Pt 1 - How banks change things
• #5 More Operational Risk
• #4 The role of Operational Risk
• #3 Size Matters
• #2 Mike Certo / Ed Watts - The origins of the title “Lessons Learned”
• #1: Barry Lewis - About Basics and Good Control
• Trailer