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European ETF Trading Costs Decrease  

October 31, 2016

A fall in volatility and increased competition have made the trading of exchange-traded funds cheaper in Europe than in the US over the past four quarters according to agency broker ITG. Data from ITG showed that ETFs in the US were generally cheaper to trade in 2014 but costs have been lower in Europe since the third quarter of last year.

 

Implementation of IFRS-9 going to make loans expensive  

October 31, 2016

The implementation International Financial Reporting Standards 9 (IFRS 9) from January 2018 is a game changer for banks across the world and will impact UAE banks too, said Abdul Aziz Al Ghurair, Chairman of The UAE Banks Federation. The new regulation strongly affects the way credit losses are recognised in the profit and loss statement. 

 

Banks amass $2.4 trillion hoard of bonds as BofA leads rush  

October 31, 2016

If the world’s biggest economy is really on the upswing, then why are America’s banks stockpiling a record amount of ultrasafe bonds? After all, jobs are back, the Federal Reserve is close to raising interest rates again and growth has perked up after a sluggish first half. But instead of ramping up lending to keep up with deposits, banks are plowing into U.S. government and related debt at the fastest clip since 2014.

 

As China tackles corporate debt, risks spread wider  

October 28, 2016

China's plan to curb spiraling bank debt at weak state-owned companies could shift growing credit risks away from financial institutions and to the country's private investors, analysts say. Beijing earlier this month unveiled much-awaited guidelines for a plan to lower the country's $18 trillion corporate debt - now at 169 percent of domestic output - by allowing stressed companies to swap part of their debt for equity investment.

 

Bonds Slump Deepens on Shifting Policy Outlook; Commodities Rise  

October 27, 2016

Government bonds tumbled, led by Britain’s gilts, as a brightening outlook for the global economy strengthened the case for central banks to step back from ultra-loose monetary policy. Stocks slipped amid a mixed batch of earnings reports. U.K. yields jumped to the highest since the nation voted to quit the European Union following a report that showed third-quarter growth exceeded economist estimates.

 

BOJ won't try to push down super-long yields: Kuroda  

October 27, 2016

Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank would not try to push down super-long government bond yields - even if they rise further - because it is focused on controlling the yield curve for out to 10 years.

 

Why Your Prime Money Market Funds Have Become Riskier  

October 27, 2016

Money market funds are regarded as the safest, most conservative investment. It’s where cash in most checking, savings, and brokerage accounts resides. The invested amounts are readily converted into cash when we need to settle transactions and make payments. During Lehman’s collapse in 2008, however, investors holding positions in these funds faced a serious risk of loss. 

 

Deutsche Bank Said to Review Its Valuations of Inflation Swaps  

October 26, 2016

Deutsche Bank AG is reviewing whether it misstated the value of derivatives in its interest-rate trading business, and is sharing its findings with U.S. authorities, according to people with knowledge of the situation. The bank is looking at valuations on a type of derivative known as zero-coupon inflation swaps, said the people, who asked not to be identified because the matter is confidential

 

"Box-ticking" regulators risking another crisis, warns report  

October 26, 2016

Britain is "sleepwalking into another financial crisis" unless the culture of financial regulators is changed, according to a new report.The research by Cass Business School for New City Agenda warns that "crucial change following the 2008 economic crash is already being watered down". It believes that the PRA and Bank of England need to go much further to improve transparency and reduce group think.

 

Will MiFID II lead to an IFA business model overhaul?  

October 26, 2016

Advice firms are likely to review and change their compliance functions and fee structures and de-risk their businesses in light of MiFID II, according to Investec Wealth & Investment.Its research found that 52% of advisers will review compliance, and 42% will overhaul their fee structures in order to provide greater transparency.

 
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