| Dramatis personae Anglia Bank Brian Smooth, consultant Wimsey & Co Piers Bannister, lawyer, Bannister Hawley Ron Doppler, security expert Malcolm Fishmark, IT consultant Pegasus team Condor team High Hedge Capital FSA Expert witnesses |
Pegasus Bank doesn't yet exist, but when it does those pygmies that already operate in cyberspace will have to sharpen up. So will Barclays, Merrill Lynch and even the mighty Citibank. For Pegasus, dreamed up over wine and sandwiches at the City of London Club, is destined to become the world's first virtual virtual bank. No capital, no assets except its people (this is a people business), and no hidden time-bombs: the safest structure on earth.
To assist its creation, Euromoney and the CSFI (Centre for the Study of Financial Innovation) invented a game for 22 players and a handful of expert witnesses.