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28 February 2013
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News on the global financial markets

  Morning Bell 
  • German parliamentary panel passes HFT legislation
    A parliamentary committee in Germany has approved a bill that would require firms that use high-frequency trading to register with regulators. "We have passed important legislation on high-frequency trading, closing a gap in a previously unregulated area of the financial market," committee member Ralph Brinkhaus wrote in an e-mail. "This brings us another step closer to fulfilling our goal from the coalition agreement to leave no financial product, no financial actor, and no financial market unregulated." Bloomberg Businessweek (27 Feb.) LinkedInFacebookTwitterEmail this Story
The Key To Positive Cash Flow
Every business is cyclical with cash flow ups and downs. The key is to find a way to keep the cash coming in as predictably as possible. Seem impossible? Well it's not. There are systems and processes that make it easier to collect the cash you've earned so your small business can grow. Learn how these small-business owners set up their businesses for success.

  Industry News 
  • OECD encourages investors to scrutinise sovereign ratings
    The Organisation for Economic Cooperation and Development says investors should take a close look at sovereign credit ratings. "Since the track-record of 'sovereign-risk pricing' is not very impressive, suggested market measures of this risk (including ratings) should be treated with great caution," according to an OECD report. "Downgrades and their implications for the supply of 'safe sovereign assets' should not be taken at face value but more carefully scrutinized." Bloomberg (27 Feb.) LinkedInFacebookTwitterEmail this Story
  • Draghi cautions governments about ECB limits
    Mario Draghi, president of the European Central Bank, has again highlighted limits of the ECB's powers. "It is important to stress that the ECB's mandate only extends so far," he said. "There are clear limits to what monetary policy can and should aim to achieve. We cannot repair unsound budgets. We cannot clean up struggling banks. We cannot solve deep-rooted problems in the structure of Europe's economies." Bloomberg (27 Feb.) LinkedInFacebookTwitterEmail this Story
Building Workplace Trust 2015
Interaction Associates' 6th annual research study tracking trust on the job, Building Workplace Trust, is out, and more than half of employees surveyed give their organizations low marks for trust and leadership. Yet this year's findings again point to how high trust leads to better outcomes and financial results — and even boosts innovation.

  Regulatory Roundup 
  • Libor manipulation was impossible to notice, Turner says
    UK Financial Services Authority Chairman Adair Turner told a parliamentary commission that manipulation of the London Interbank Offered Rate was impossible to detect. "We could not have got at it by intensive supervision," he said. "You just cannot have a police force big enough to spot all these problems." Reuters (27 Feb.) LinkedInFacebookTwitterEmail this Story
  • New UK banks will see relaxed capital requirements
    The UK Financial Services Authority aims to remove barriers for new banks by letting them hold less capital compared with established rivals. Chairman Adair Turner told a parliamentary commission that the FSA will publish details about the policy in coming weeks. "The biggest change we are making is on the prudential side," Turner said, in reference to capital requirements. Reuters (27 Feb.) LinkedInFacebookTwitterEmail this Story
  • UK temporarily prohibits short sales of 4 Italian stocks
    The UK Financial Services Authority has banned short selling of four Italian bank stocks. Uncertainty about Italy's political future has roiled markets in recent days. However, some market participants question the effect of such bans. "Short selling allows proper price discovery and is part and parcel of an efficient capital market," said David Lewis of SunGard Astec Analytics. Reuters (27 Feb.) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Spotlight on China 
How to Achieve IT Agility: A Survival Guide for IT Decision Makers
When business teams add new apps and services to already-strained networks, IT departments are accountable for making everything work. Is your team ready for this challenge? Read this eGuide to learn how IT teams are automating their networks, why they're utilizing Ethernet fabrics and SDN, and what success looks like as they regain network control and business relevance.

He that will not apply new remedies must expect new evils; for time is the greatest innovator."
--Francis Bacon,
British author and statesman

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