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Analysts challenge Norris' Basel III warning  

December 20, 2011

The warning from former Commonwealth Bank of Australia chief executive Ralph Norris that Australia is moving too fast on meeting global capital rules has been countered by industry analysts who say the country's four largest banks already meet the capital requirements being implemented and that Australia is not the only country moving ahead on the reforms, according to a report by the Australian Financial Review.


Fed proposes rules to tame Wall Street risk-taking  

December 20, 2011
The Federal Reserve proposed new rules on Tuesday to restrain risk-taking by the largest U.S. banks as it tries to make the financial system more resilient against future crises.

Counterparty fears see dealers refuse trades  

December 17, 2011
Creditworthy banks are increasingly turning down client requests to take on trades from weaker institutions, as dealers focus on handling their own exposure to vulnerable banks.

New Credit Default Swaps (CDS) counterparty hedge arrives  

December 16, 2011

David Kelly, director of credit products at data analytics provider Quantifi, said the new indexed CCDS ought to alleviate several simulation problems that existed with original CCDS. “Doing this on a single-name by single-name basis has never been efficient in dealing with counterparty risk,” he said. “Most of the risk has to be dealt with on an index or portfolio-style basis.”


Banks face €350bn Basel III shortfall  

December 15, 2011
European banks will have to raise nearly €200bn ($260bn) in new capital or cut their balance sheets by nearly 20 per cent, to achieve the tougher new Basel III banking reform rules that start taking effect in 2013, a new study has found.

Europe Crisis to Shave 1% Off US GDP Growth: Goldman  

December 14, 2011
The European debt crisis is likely to cost already-tenuous U.S. economic growth about 1 percentage point next year, Goldman Sachs economists said.

FDIC Seeks Comment on Alternatives to Ratings for Debt  

December 8, 2011
The Federal Deposit Insurance Corp. is seeking comment on proposals for meeting a Dodd-Frank Act requirement that banks use an alternative to credit ratings for valuing debt in their trading books.

When Sovereign Debt Is No Longer Risk-Free  

December 8, 2011
The European debt crisis may force banking regulators to diminish the central role of government bonds in planned rules designed to make the financial system safer. As they fine-tune the new regulations, scheduled to take effect starting in 2013, the officials face a balancing act between acknowledging investors’ loss of confidence in sovereign debt and the need to avoid undermining governments’ credibility.

Oppenheimer's Steinmetz favors high-yield credit  

December 7, 2011

While equities hold appeal in today's marketplace, high-yield U.S. credit offers likely double-digit returns with less risk for investors who prefer a more certain outcome, the chief investment officer at OppenheimerFunds said on Wednesday.


Schroders braces for eurozone break-up  

December 6, 2011
Schroders, one of the UK’s biggest fund managers, is preparing contingency plans in the event of a break-up of the eurozone, tightening the list of collateral it will accept and clamping down on counterparty risk.


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