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January 22, 2013
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News on the capital markets, securities and financial industry

  Morning Bell 
  • Post-trade tensions in securities are expected to mount
    Virginie O'Shea, an Aite Group analyst, conducted an assessment of the securities industry and noted that post-trade tensions likely will increase this year. O'Shea identifies six of the biggest regulatory pressures weighing on the industry. The challenges include financial-transaction taxes, Basel III rules and other new regulations. The Trade News (U.K.) (1/21) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • EU plans to authorize financial-transaction tax
    EU finance ministers are expected to allow 11 eurozone nations, including Germany, France and Italy, to proceed with a tax on financial transactions. Ministers are "expecting to take a decision to move forward, on an enhanced cooperation basis, the financial-transaction tax," Irish Finance Minister Michael Noonan said. Reuters (1/21), Bloomberg (1/22) LinkedInFacebookTwitterEmail this Story
  • Analysis: BofA's Moynihan being tested outside of crisis
    Bank of America CEO Brian Moynihan has spent most of his three-year tenure handling problems, including the company's purchase of Countrywide Mortgage. As the economy recovers, however, the focus is turning to how well he can handle growth. Reuters (1/18) LinkedInFacebookTwitterEmail this Story
  Washington Roundup 
  • Middle class must benefit from economic growth, Obama says
    President Barack Obama said in his inaugural address that the government must do more to make sure that when the economy expands, the middle class isn't left behind. Unlike his first inaugural speech, in which Obama focused on dealing with the aftermath of the financial crisis, this time the president said the U.S. must deal with long-term economic problems. The Washington Post (1/21) LinkedInFacebookTwitterEmail this Story
  • House Republican leaders plan to pass debt-limit extension
    Republican House leaders said they plan to pass a measure extending the U.S. debt limit by nearly four months. The extension would allow the government to borrow what it needs to meet its obligations up until May 19. Leading Democrats scrutinized the Republican plan. "I wish they'd stop playing games with the debt ceiling," said Assistant Senate Democratic leader Richard Durbin of Illinois. Reuters (1/21) LinkedInFacebookTwitterEmail this Story
  • Commentary: Geithner's rescue policies were right move
    Roger Lowenstein, author of "When Genius Failed: The Rise and Fall of Long-Term Capital Management," explains how critics are once again blaming Timothy Geithner for masterminding aid for large banks during the global financial crisis. Lowenstein writes that the criticism is misdirected because the rescue was "in general, the least bad of all possible options." Bloomberg (1/21) LinkedInFacebookTwitterEmail this Story
  Operations Update 
  • Deutsche Bank exec discusses controversial risk measures
    In this interview, Greg Wood, director of algorithmic execution for listed derivatives and foreign exchange at Deutsche Bank, discusses kill switches and other risk-management measures. "The idea behind risk-management checks that act as 'speed bumps' is to identify whether a client may be overtrading. ... We believe that there should be risk-management checks in every part of the electronic order flow that is practical," Wood said. Wall Street & Technology (1/18) LinkedInFacebookTwitterEmail this Story
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  Asset/Wealth Management Report 
  • Online platforms challenge financial advisers
    Financial advisers are facing a growing challenge in attracting and keeping clients from Internet firms that offer investments, financial planning and advice. Since the financial crisis, many wealthy investors have shifted assets from fee-based advisers to inexpensive, self-directed accounts, according to Cerulli Associates. InvestmentNews (free registration) (1/20) LinkedInFacebookTwitterEmail this Story
SIFMA takes its next Social Media Seminar - West Coast to San Francisco on February 28th. Engage experts across multiple fields and explore the increasingly important issues our industry faces in light of the rapidly changing and growing tools of social media.
  SIFMA News 
  • Download SIFMA's 2012 Year in Review
    Check out the just-released SIFMA 2012 Year in Review. Our industry remains committed to restoring trust and confidence in the financial markets. SIFMA and our member firms have been supportive of rational regulatory reform from the start. This Year in Review explores the progress that has been made in the financial regulatory reform process to date; provides a sampling of the research and services we provide to inform that process; and highlights opportunities for members to be involved with their association. In the year to come, SIFMA will continue our hard work as a forum for industry leaders to help chart a path forward to ensure that the regulatory landscape provides a clear path to allowing financial institutions to be the conduits of economic growth and job creation. Find out more about our efforts in the 2012 Year in Review and also download our free 2013 desk calendar, highlighting the dates of important economic releases and SIFMA events. We hope you find these resources valuable and wish you the best in the new year. LinkedInFacebookTwitterEmail this Story
  • SIFMA's Private Client Conference -- April 25 -- Chicago
    SIFMA's Private Client Conference, "A Conference for Wealth Management Professionals," is North America's premier conference for Private Client Groups at all levels. On April 25 in Chicago, this exceptional program will address tactical ways to enhance client service, advice, and, perhaps most crucially, trust, to help investors achieve their financial goals. Join industry experts from global, regional and small firms as they discuss innovative and tactical ideas across market segments and more. LinkedInFacebookTwitterEmail this Story
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It ain't what they call you, it's what you answer to."
--W.C. Fields,
American comedian, actor and writer

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