| News on the global financial markets |  |
 | The Leader in OTC IRS Clearing
SwapClear is LCH.Clearnet's global clearing service for interest rate swaps. We have over 12 years' experience, unparalleled risk management and more clearable IRS products than any other clearing house. No wonder Risk Magazine named LCH.Clearnet Limited Clearing House of the Year. swapclear.com.
|
| Industry News |  |  |
|
- Analysis: EU's sovereign-debt crisis is complex situation
Academics, politicians, market experts and others are debating the best course of action for Europe to overcome its sovereign-debt crisis. Some are calling for additional austerity measures, while others say growth is the answer. However, the crisis is far more complex than such plans suggest. Reuters
(16 Apr.)      
| Regulatory Roundup | | |
|
- European banks might face capital surcharges
European officials are discussing capital surcharges for the largest banks. One lawmaker suggested a core-capital levy of 10%, but a compromise could halve that amount. A surcharge "could be introduced from 2015, thereby providing member states with more flexibility while ensuring the smooth functioning of the internal market", according to a document drafted by Denmark, which holds the EU's rotating presidency. Bloomberg
(16 Apr.)
| Spotlight on China | | |
|
- China's securities watchdog faces challenges with rules
Guo Shuqing, in his short time as head of the China Securities Regulatory Commission, has released a wave of rules to tackle market manipulation, insider trading and other issues. However, retail investors remain sceptical of Guo and his ability to straighten out markets. "It doesn't make a difference who's in charge," said Si Jun, a retired taxi driver. "Markets might go up for a few days after some reform is announced, but then it's all back to normal." The New York Times (tiered subscription model)/Reuters
(16 Apr.)
| AFME News | | |
|
- Member of European Parliament Kay Swinburne will open AFME Fifth Annual European Post-Trade Conference -- 16 May in London
The European Post-Trade Conference will cover crucial developments in the post-trade space and their impact on the industry, including regulation of central securities depositories, TARGET2-Securities, legal-entity identifiers, interoperability and extraterritoriality. The event is an essential, annual gathering for post-trade professionals to receive updated information from leading European speakers, including:
- Kay Swinburne, member of the European Parlaiment Economic and Monetary Affairs Committee
- Verena Ross, executive director of the European Securities and Markets Authority
- Jean-Michel Godeffroy, director general and chairman of the T2S Programme Board at the European Central Bank
- Patrick Pearson, head of DG Market at the European Commission
- Ben Cohn-Urbach, senior associate for over-the-counter derivatives and post-trade policy at the UK Financial Services Authority
Join the event to network with senior operations executives, market-infrastructure executives, senior regulators, policymakers and providers. Register!
| SmartQuote | | |
|
 | Man cannot discover new oceans unless he has the courage to lose sight of the shore."
--André Gide,
French author
|
| |
| Advertise |
|
Sales Account Director:
Abiy Bekele (212) 450-7919
|
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
|
|
| © 1999-2012 SmartBrief, Inc.® Legal Information |
|
