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13 February 2013
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News on the global financial markets

  Morning Bell 
  • Insurers question Solvency II's cost and complexity
    Industry leaders are scrutinising the EU's Solvency II regulations for insurers. They question the wisdom of a single approach for all 27 EU members. Implementation already has been postponed from 2014 to 2016 or 2017 as the industry struggles with sharply increased capital requirements. Bloomberg Businessweek (12 Feb.) LinkedInFacebookTwitterEmail this Story
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Industry News 
 
  • Moody's warns of forced European CMBS sales
    European commercial mortgage-backed securities might come under heavy selling pressure, according to Moody's Investors Service. "Fire sales could be necessary to ensure that recovery proceeds reach the noteholders before the maturity of the notes," analysts wrote. Bloomberg (12 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 
 
  • FSB finds inadequate risk management at some banks
    A Financial Stability Board study says almost half of 36 banks and broker-dealers examined do not have a risk-management policy that is strong enough. "These gaps need immediate attention by both supervisors and firms," the FSB said. The board also notes greater deficiency at smaller institutions and companies in the developing world. Bloomberg (12 Feb.) LinkedInFacebookTwitterEmail this Story
  • Draghi wants euro-manipulation talk to stop
    European Central Bank President Mario Draghi wants politicians to stop commenting on currency manipulation and monetary policy. "They are inappropriate if they are meant to instruct the ECB. ... [Such comments] increase the confusion around the exchange rate and, frankly, we don't need that," he said. Bloomberg Businessweek (12 Feb.) LinkedInFacebookTwitterEmail this Story
  • US reportedly examines 2 UK interdealer brokers over Libor
    The US Justice Department and the Commodity Futures Trading Commission are investigating UK interdealer brokers ICAP and RP Martin Holdings regarding their possible role in manipulation of the London Interbank Offered Rate, sources say. Neither firm has been accused of wrongdoing. ICAP is also being questioned by the UK Financial Services Authority. Reuters (12 Feb.), The Wall Street Journal (11 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 
 
  • Analysis: China's fiscal condition is deceptively perilous
    China's debt is higher than it appears because local-level finances are not included in deficit calculations, experts say. Local-government borrowing, however, has been a mainstay of Chinese growth during the past several years. "Local-government debt can't be expanded much from where it is now, so essentially the central Ministry of Finance is going to find it more and more difficult to say no to the rest of the government," said Andrew Batson of GaveKal Dragonomics. The Wall Street Journal (12 Feb.) LinkedInFacebookTwitterEmail this Story
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.

  AFME News 
  • AFME inaugural flagship conference is announced: "Financing Growth"
    AFME is pleased to announce its inaugural flagship conference, "Financing Growth: What the new world of regulation means for banks, capital markets and their users", scheduled on 24 September in London. The invitation-only conference will bring together as many as 500 senior decision-makers from Europe's financial industry, along with regulators and politicians, to discuss what needs to be done to enable capital markets to support growth and investment. Further details will be announced in February, including VIP speakers and the historic conference venue. LinkedInFacebookTwitterEmail this Story
Learn more about GFMA ->GFMA  |  AFME  |  ASIFMA  |  SIFMA

  SmartQuote 
Several excuses are always less convincing than one."
--Aldous Huxley,
British author


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