Adair: FSA Will Be Tougher But Not As Tough As Some?
March 20, 2009
London will remain key financial centre as light-touch regulation ends, Turner insists | www.telegraph.co.uk
The Turner Report hints that the UK FSA may get tough but not really that tough, or at least, they are going to leave the being really tough bit to other jurisdictions...
Moscow Exchange Makes An Eastern Advance
March 19, 2009
The UB Post-Leading English News - Mongolian and Russia Taking Stock in Each Other | ubpost.mongolnews.mn
MICEX and RTS are clearly competing in Russia's securities market but now MICEX are looking to tie up some overseas opportunities at some distance to their Moscow base.
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.
Look out for regionals in 2009
March 16, 2009
Surge in Bank Failures Expected in '09 | online.wsj.com
1) Regional banks do not have a diverse income stream, and are heavily reliant upon net interest margin and "balance sheet banking" to generate income 2) While bank failures will likely be concentrated in certain marketplaces, the likelyhood of failure or success has more to do with reliance upon loan performance and less to do with size or location 3) Larger banks have mostly divested themselves of toxic assets, and the financial services sector as a whole has largely digested the mortgage meltdown.
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.
TMX: Bertrand Departs - another Shock departure of a Successful Manager
March 5, 2009
Luc Bertrand To Step Down From His Position With Montreal Exchange And TMX Group On June 30, 2009 - Alain Miquelon Named As MX President And Chief Executive Officer Effective July 1, 2009 | www.mondovisione.com
Luc Bertrand standing down as the head of M-X and deputy at Toronto SE is a shock move given that it was Bertrand's success at M-X that helped rejuvenate the Canadian exchanges in the first place!
Sovereign and financial crises: Europe and the U.S.
January 18, 2012
How much longer can the Japanese Yen be a "haven currency"?
December 13, 2011
Not all bank tech vendors are equal
December 12, 2011
Eksportfinans downgrade surprises investors
December 5, 2011
Why wasn't Italy's situation spotted earlier? And what's next?
November 22, 2011