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January 29, 2013
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News on the capital markets, securities and financial industry

  Morning Bell 
 
High-Availability Storage: Zero Tolerance for Outages
High-availability (HA) systems eliminate single points of failure and minimize downtime in data centers serving capital markets firms. Server operating systems, iSCSI or Fibre-Channel storage area networks and solid-state drives could all fit the bill when it comes to HA systems. Read our FREE WHITE PAPER to find out more about these HA solutions.
  Industry News 
  • Bank bonds finally rally back
    For the first time in five years, yields on bank bonds are close to being lower than yields on comparable corporate bonds. The comparative desire for financial company bonds over corporate paper was the norm before 2007, but after the financial crisis, the industry has been slow to regain its position of debt stability. The Wall Street Journal (1/28) LinkedInFacebookTwitterEmail this Story
  • Survey: Securities lending is still important
    Although revenue may be less, large institutions still believe security lending will be an important activity in 2013. According to a Finadium report, there is a market, "that combines the traditional business of providing inventory for hedging ... with the regulatory requirements of new types of market participants." The Trade News (U.K.) (1/28) LinkedInFacebookTwitterEmail this Story
  Washington Roundup 
  • U.S. pursues guilty plea from RBS in Libor investigation
    Settlement negotiations between the U.S. and Royal Bank of Scotland regarding alleged manipulation of the London Interbank Offered Rate have hit a stumbling block. U.S. authorities are seeking a legal admission of guilt in addition to a hefty fine, while RBS executives are voicing concern that a guilty plea might open them up to costly and damaging litigation. The Wall Street Journal (1/29) LinkedInFacebookTwitterEmail this Story
  • MSRB plans to make EMMA a data hub
    The Municipal Securities Rulemaking Board announced that it plans to include a variety of benchmark data on a revamped EMMA website. "It's about trying to provide the investor community and issuer community with more and more data as they are trying to make decisions," said MSRB Chairman Jay Goldstone. The Bond Buyer (free content) (1/28), Bloomberg (1/28) LinkedInFacebookTwitterEmail this Story
  • FINRA agrees with "proposed arbitrator" restrictions
    The Financial Industry Regulatory Authority asked the Securities and Exchange Commission to approve a proposal to prohibit people associated with mutual funds or hedge funds from arbitrating disputes between brokerages and clients. That ruling, however, does not address concerns over whether financial professionals can be "public arbitrators," a category that can include a variety of professionals. Reuters (1/28) LinkedInFacebookTwitterEmail this Story
  Operations Update 
  • Testing starts for volatility curbs
    Testing of a price-band method of limiting the amount an individual stock can increase or decrease began over the weekend despite an announcement that full implementation will be delayed beyond the initially planned Feb. 4 date. SIFMA and exchanges requested a delay in implementing the volatility curbs. Read SIFMA's comments to the Securities and Exchange Commission. Securities Technology Monitor (1/28) LinkedInFacebookTwitterEmail this Story
  Asset/Wealth Management Report 
  • Hybrid advisers top fee-only ones in asset growth
    Assets under management of dually registered financial advisers, who can accept fees and commissions, are increasing faster than those of fee-only advisers, according to Cerulli Associates. Hybrid advisers' assets increased 19.1% in 2012, while fee-only advisers' assets expanded 14.7%. Financial-Planning.com (1/23) LinkedInFacebookTwitterEmail this Story
  SIFMA News 
  • Announcing SIFMA Tech 2013 in NYC -- early-bird rates available
    For 30 years, SIFMA Tech has brought together several thousand financial service firms, industry leaders, regulators and solution providers for critical updates and expert outlooks on every issue that faces the financial services technologist today. Harness technological solutions to achieve an infrastructure that keeps you and your firm on the cutting-edge and see how products from solution providers stack up against your in-house expertise. Check out the new, official SIFMA Tech website for details on this year's offering and take advantage of early-bird rates! LinkedInFacebookTwitterEmail this Story
  • SIFMA's Muni Bond School -- first of 10 sessions -- Feb. 12 -- New York City
    Stay ahead of the competition by attending the MUNI Bond School, presented by the Municipal Bond Club of New York and SIFMA. Attend in person at 120 Broadway in NYC or enroll via webinar. In 10 evening sessions, learn everything you need to know covering topics such as the issuers' perspective, ratings, finance, underwriting, market strategy, trading and much more. Senior-level lecturers include speakers from Lebenthal, Morgan Stanley, Assured Guaranty and others. On the final evening, you will have the opportunity to network with fellow muni professionals. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
I attribute my success to this: I never gave or took any excuse."
--Florence Nightingale,
British social reformer, nurse and statistician


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