The risk of heavy outflows versus reality of transparancy
March 19, 2009
Swiss warn lifting secrecy ‘will take time’ | www.ft.com
Most of the financial community has demanded transparency within publicly traded corporate organizations - which seems appropriate if the public is to risk capital and buy stock of these equities. Now it seems the next directive is following the actual capital and making the global banking repositories provide transparency as well. Switzerland had succumbed to pressure on easing bank secrecy, but the full automatic exchange of tax information, as demanded by countries such as Germany, remained out of the question for Switzerland.
Polish Government Hit The Right Note With IMF
March 19, 2009
Poland needs no IMF credit, wants to lend to IMF-finmin | www.forbes.com
Polish Finance Minister Jacek Rostowski pulls another excellent stroke in his efforts to demonstrate that Poland may be surviving in the face of a pan-western ignorance about the granular differences of CEE and SEE economies.
ICE Makes A Sound CDS Clearing Start
March 19, 2009
Intercontinental Clears $7.15 Billion in Credit Swaps (Update2) - Bloomberg.com | www.bloomberg.com
The ICE CDS facility is open for business and even has business to transact! - That's an interesting development in the CDS market and one which will leave competitors such as CME, EUREX and LIFFE somewhat green with envy.
Serbian Wisdom May Not Make Much Impact On The West
March 19, 2009
Serbian bank chief attacks reliance on EU | www.ft.com
Serbia's Central Bank Chief correctly ruminates on EU reliance while observing the need for internal economic reform that often citizens are more comfortable with than the political classes.
BATS Looks To Mifid Europe As a New MTF Playground
March 18, 2009
BATS Goes Live With AboveNet - Pan-European Trading Platform Partners With AboveNet For Fast, Secure Connectivity In The UK | www.mondovisione.com
BATS went rapidly from zero to hero in the crowded US MTF marketplace. Now it is seeking to replicate this success within the european Mifid marketplace.
NYSE Arca Europe Joins A Crowded Field Fighting For Less Volume
March 10, 2009
NYSE Euronext launches new Europe trading platform | www.dealingwithtechnology.com
NYSE Arca Europe may have gallopped into the market at just the wrong moment to see a major breakthrough as volumes decline in European equities.
Sprecher's ICE opens the way to A "Closed" Clearing of CDS
March 9, 2009
Bloomberg.com: ICE Starts Credit-Default Swap Clearing in Bid for $400 Million | www.bloomberg.com
Intercontinental Exchange (ICE) has muscled its way to the forefront of the CDS clearing issue as a result of their classic opportunistic streak. Their solution may have the dge over other competitors not just as a result of early regulatory permission but also thanks to its more exclusive business model.
March 9, 2009
HBOS, RBS U.K. Deposits Fell; Government Banks Gained | www.bloomberg.com
The US Senator Dodd has suggested a $500 Billion line of credit for the FDIC. FDIC chair Shelia Bair has acknowledged a good idea for US depositors would be to continue the higher ($250k) FDIC Insurance limits on depositors bank deposit principal.
Business Risk Management First - Before Quant or Qual
March 9, 2009
Deutsche Bank’s Quantitative Team to Leave, Start Hedge Fund | www.bloomberg.com
Some of the The Frankfurt- based bank's DWS funds have recently suspended dividends due to previously exposed risk and current market conditions (1). Further, the Frankfurt- based bank, will cut risk by shifting resources from areas such as proprietary trading after “unprecedented market conditions revealed some weaknesses” in trading operations. (1) DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ - News) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO - News) (the “Funds”) announced today that they will not declare any distributions to common shareholders in March 2009 because market conditions have resulted in a decline in portfolio values causing the Funds to currently not meet the preferred share asset coverage ratio that is a precondition to the declaration of common share distributions under the Investment Company Act of 1940.
Canadian Banks: "Steady As She Goes - Weather-Beaten By The Economic Hurricane But Not Broken"
March 6, 2009
Canada banks' long history of steady dividends | www.financialpost.com
Canada's banking system is currently the soundest and most stable in the world. For those with patience, the ability to foresee past the current environment and have a longer-term time horizon, shares of Canadian banks represent significant value and upside potential.
E-Insurance: When will the insurance industry adopt modern communication tools?
February 14, 2012
ATMs could distribute prepaid Visa cards
January 23, 2012
PayPal can thrive as a standalone company
January 9, 2012
Europe's CO2 Emissions Trading System works, but it can be improved
December 16, 2011
European women wonder why their insurance premiums will increase
December 15, 2011