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U.S. to expand rules for 'too-big-to-fail' clearing houses  

September 29, 2016

The U.S. Securities and Exchange Commission on Wednesday said it would adopt rules to strengthen the regulatory framework for clearing agencies deemed systematically important or that are involved in complex transactions, such as security-based swaps.

 

Who’s the Systemic Risk Now?  

September 29, 2016

Regulators like to bray about the dangers of systemic financial risk, but they seem not to care when they’re the source of the risk. Consider the U.S. assault on Deutsche Bank that has tanked European bank shares this week. The German bank’s share price has fallen as much as 20% since a Sept. 15 Journal report that the U.S. Justice Department is seeking a fine of up to $14 billion for selling mortgage-backed securities between 2005 and 2007. 

 

EU Calls for Sweeping Changes to Basel Bank-Capital Proposal  

September 29, 2016

Global banking regulators need to make sweeping changes to proposed new rules to protect European Union lenders against a spike in capital requirements, said Valdis Dombrovskis, the bloc’s financial-services chief. The Basel Committee on Banking Supervision should rework planned restrictions on how banks use internal models to estimate risks from real-estate loans as well as corporate and infrastructure lending.

 

Time For Change: GSE Credit-Risk Sharing on the Front End  

September 28, 2016

Fannie Mae and Freddie Mac have been at the forefront of credit risk sharing initiatives since 2013, having transferred to private investors a portion of the credit risk on mortgages with UPB totaling more than $1 trillion between them through various credit risk sharing programs

 

Deutsche Bank Stress Seen in Rising Cost of Credit Insurance  

September 27, 2016

Credit derivative traders are again expressing concern about Deutsche Bank AG’s weakening financial health. They’ve been pushing up the cost of short-dated contracts, with one-year swaps climbing faster than that of five-year. The so-called flattening credit curve can be an indicator of stress. Reports that the German government wouldn’t step in to back Deutsche Bank fueled concerns about its financial health.

 

Credit Default Swaps Get Green Light in China  

September 26, 2016

China has given the go-ahead to the use of financial products that can protect investors against bond or loan defaults, signaling an increased willingness to let market forces deal with the rising number of companies that are not paying back debt.

 

Fed caution helps bolster risk appetite  

September 23, 2016

The prospect of continued central bank policy accommodation boosted global risk appetite, helping equities maintain their upward momentum and offering support to emerging market currencies and industrial commodities. The bullish mood in the markets came after the Federal Reserve on Wednesday left interest rates unchanged — while appearing to pave the way for a rise in December.

 

France's Sapin Says European Upswing Not Sufficient Amid Potential Risks  

September 23, 2016

French Finance and Economics Minister Michel Sapin said Friday that the eurozone is enjoying an economic upswing, but higher growth levels would be better amid the potential risks stemming from the U.K.'s decision to leave the European Union and a possible slowdown in China.

 

Bank of England says UK faces 'challenging period' for financial stability  

September 22, 2016

Britain still faces a "challenging period" for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain tight, the Bank of England said on Thursday. Britain's government is keen to ensure London retains its place as Europe's leading financial centre even after the country leaves the EU, but the BoE said there was no case to loosen bank capital rules.

 

Commodity Traders Face Tougher Rules as EU Curbs Speculation  

September 22, 2016

Traders in commodities from sugar to oil may face tougher regulation in the European Union as policy makers wrangle over new rules intended to curb speculation. European Parliament lawmakers warn that the EU’s latest proposals for preventing market abuse and spikes in food prices aren’t strict enough. 

 
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