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Second warning raised this week on banking red tape deadlines  

August 31, 2016

G20 leaders have received their second warning in a week that some jurisdictions may miss deadlines for implementing new banking rules. Today's report by the Financial Stability Board (FSB), which is chaired by Bank of England governor Mark Carney, notes issues which have been raised with rolling out rules, in particular, those still left to be brought in under Basel III

 

Thought Volcker Rule Went Too Far? There’s More Coming for Banks  

August 30, 2016

After years of grappling with the Dodd-Frank Act, banks will soon learn what regulators want to do next to rein in Wall Street’s risky investments. The Federal Reserve and other agencies are poised to issue a long-overdue report required by the law that lays out recommendations beyond the Volcker Rule to prevent financial firms from triggering an economic crisis. 

 

Prudential of the US warns of ‘systemic risk’ from low bond yields  

August 29, 2016

The chief executive of Prudential’s $1tn asset management arm has said low interest rates have led to “substantial systemic risks” for the financial system, adding to the chorus of big investors concerned over the swelling universe of negative yielding debt.

 

Bundesbank Sees Need to Re-Calibrate Basel Reform Proposals  

August 29, 2016

Global regulators’ plans for changes of banking rules will need tweaking to have the desired effect on lenders’ balance sheets, according to the Bundesbank’s top official for bank regulation, Andreas Dombret. Work on the Basel Committee on Banking Supervision’s plans for completing the post-crisis reform package known as Basel III will be a priority for the Bundesbank in the second half of the year.

 

Treasuries Hit Roadblock on Way to Trading Like Stocks  

August 29, 2016

The $13.4 trillion Treasury market is the deepest, most active debt market in the world. Yet it has some surprisingly dysfunctional corners, especially when it comes to the most pedestrian part of trading: processing paperwork in back offices. 

 

Top Investors Shun 12% Bank Returns in Nordics Amid New Risk Era  

August 29, 2016

It may seem odd to turn down returns of 12 percent in these days of negatives yields, but that’s what some of the biggest investors in the Nordic region are doing. The assets are synthetic securitizations, in which banks turn credit risk on their balance sheets into notes and pay investors to hold them. Nordea Bank AB closed the first such transaction in the Nordics last week. 

 

What to Learn From the ECB’s Great European Corporate Bond Squeeze  

August 25, 2016

The grip that the European Central Bank is exerting on the continent’s corporate bond market through its purchase program is almost palpable. But it isn’t clear how much more it might be able to squeeze the market before somebody gets hurt.

 

Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag  

August 25, 2016

For hedge funds, the news is getting worse. Investors pulled an estimated $25.2 billion from hedge funds last month, the biggest monthly redemption since February 2009, according to an eVestment report. The monthly withdrawals were the second straight for the beleaguered industry, which saw $23.5 billion pulled in June.

 

European Stocks Retreat as Dollar Rally Fades Before Yellen  

August 25, 2016

European stocks fell for the first time this week amid concern over the outlook for economic growth while a dollar rally ran out of steam before signals on the likely path of U.S. interest rates. Equity markets retreated in Europe as an unexpected drop in German business sentiment signaled companies remained cautious after Britain’s decision to quit the European Union.

 

Derivatives Users Hit as Negative Rates Raise Collateral Costs  

August 24, 2016

Derivatives users are the latest group to be hurt by negative interest rates as they get penalized for the cash they park at Europe’s biggest clearinghouses. Traders can thank European Central Bank President Mario Draghi. Futures and swaps are used to hedge or speculate on everything from German interest rates to oil prices. 

 
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