Cyprus Says Threat Contained, No Plan to Leave Euro
The president of Cyprus said
on Friday the risk of bankruptcy had been contained and the
country had no intention of leaving the euro, in a speech laden
with criticism of Europe's currency union for "experimenting"
with the island's fate.
Wall Street Retreats on Euro-Zone Concerns
U.S. stocks dipped on Wednesday as soft demand at an Italian debt auction kept concerns about the financial stability of the euro zone at the center of investor focus.
Canada's Top Six Banks to Get Capital Surcharge as of 2016
Canada's banking watchdog said
on Tuesday it sees the country's six largest banks as being of
systemic importance to the domestic economy and that it will
make them keep 1 percent more capital on hand starting January
2016 to protect them from financial disruption.
JP Morgan and Heuristics – Lessons from the Whale
JP Morgan's decisions in handling the London Whale incident can be traced to a series of cognitive biases and limitations, writes Andrew Waxman, who analyzes bank executives' responses based on the work of psychologist Daniel Kahneman.
Regulator Finds Flaws in Deutsche Bank's Libor Supervision
German markets watchdog
Bafin is set to tell Deutsche Bank of "organisational
flaws" in how it supervised its contribution to the setting of
inter-bank lending rates at the heart of the international
rate-rigging scandal, sources familiar with the watchdog's
Funding the Bad Guys – Winning the AML Battle
Successfully preventing terrorist networks and drug traffickers from utilizing the financial system to launder money will require greater cooperation between banks and law enforcement.
Ratings Agencies Come Under Fire from EU Watchdog
The European Union's markets
watchdog has criticised the world's top three credit ratings
agencies for a lack of transparency over how they evaluate banks
and demanded more robust internal reviews of their methods.
LME Joins TMX Atrium Community
The world's leading non-ferrous metals exchange has become part of TMX Atrium's community, to gain access to investors involved with electronic, multiasset trading.
Torstone Technology Rolls Out Systems Upgrade for FTT
The derivatives software provider said the taxation logic within Inferno has already been applied for the French and Italian FTT and can be adapted on the fly as regulations are clarified and other countries needs are defined.
New Opportunities For Hedge Funds
The door has opened for hedge fund admins — who, with few exceptions, continue to enjoy a view of the fund’s entire investment book — to offer new services traditionally provided by their prime broker.
PT Schroder's to Go Live with Omgeo CTM in Indonesia
PT Schroders Investment Management Indonesia will use Omgeo's central trade matching services to communicate trade details with broker/dealer counterparies, while advocating post-trade automation to Indonesian broker community.
Mixed Reactions to Dow's Hitting a Milestone
This week, the Dow Jones Industrial Average surged past 14,000 for the first time since 2007, on the strength of corporate earnings and the Fed’s stimulus, but investors questioned the authenticity of the rally.
Swap Data Reporting: War Breaks Out
The U.S. regulator's decision to allow CME Group to report swap transactions to its own repository has inflamed tensions with the DTCC, which has called the CME rule 1001 "anti-competitive."
Global Share Index Hits Highest Since June 2008
MSCI's world share index hit its
highest level since June 2008 on Friday, lifted by an improving
global outlook and prospects of highly supportive monetary
policies remaining in place in most major economies.
Forget Dodd-Frank, Watch Out for FTT!
As the Financial Transaction Tax gains momentum in Europe, the possibility that a broad-based tax could spread globally is not out of the question. But would it reduce liquidity and add to volatility?
Using Big Data to Combat Big Risk
How can financial institutions identify traders who are taking undue risks or investment salesmen who are fronting a Ponzi scheme? Andrew Waxman provides some insight.
LCH.Clearnet Sees Surge in Buy Side Activity
In the run up to Dodd Frank's March 11 deadline for mandatory central clearing,LCH.Clearnet experienced a record month in February, clearing over $22 trillion notional interest rate derivatives for 73 buy-side clients.