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20 December 2012
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News on the global financial markets

  Morning Bell 
  • Basel plan treats securitisations unfairly, experts say
    Market participants are expressing concerns about a Basel Committee on Banking Supervision consultation regarding securitisation. At issue is the uniform amount of capital that banks must hold against various securitisations. There is "concern that once again, policymakers may have fallen into the trap of characterising all securitisations with the poor performance of certain markets during the crisis, namely US subprime and [collateralised debt obligations]", said Richard Hopkin, a managing director at AFME. Reuters/International Financing Review (19 Dec.) LinkedInFacebookTwitterEmail this Story
5 tips for managing negative online comments
The Internet gives your customers a voice online, but what can you do when that voice is yelling negative comments? With 5 tips, you can learn how to positively respond and help direct the conversation. Read the article and learn the 5 ways to respond positively.

  Industry News 
 
  • Buy side seeks clearinghouse clarity on segregated accounts
    Precise terms of segregated accounts have not been forthcoming from European clearinghouses, the Investment Management Association says, pointing out difficulties this raises for the buy side in preparing for swaps legislation. "Clearinghouses have been working on a client account that offers the highest level of security for assets and positions since last year, but none are ready yet," Director of Markets Jane Lowe said. "Some on the buy side want to adapt to the new clearing regime now, but [central counterparties] have not yet established the details of these fully segregated account." The Trade News (U.K.) (19 Dec.) LinkedInFacebookTwitterEmail this Story
Experience the Benefits of Consolidation
Learn how you can enhance your level of client service and simplify your day-to-day activities by transferring your clients' existing directly held mutual fund positions, 529 plan accounts, annuity policy information and other outside assets into a brokerage account on the Pershing platform. Learn more.
  Regulatory Roundup 
 
  • European Commission unveils AIFMD, adopts OTC derivatives rules
    The European Commission has published the Alternative Investment Fund Managers Directive, which details rules for hedge funds, private equity, real estate and other parts of the asset-management industry. The commission also announced that it has adopted rules governing trade repositories, central counterparties and over-the-counter derivatives. "The adoption of these technical standards is the final step in achieving the mandatory clearing and reporting of OTC derivatives and in meeting our [Group of 20] commitments," Internal Market Commissioner Michel Barnier said. "This will improve transparency in the trading of derivatives." Financial News Online (U.K.) (subscription required) (19 Dec.), New Europe (19 Dec.) LinkedInFacebookTwitterEmail this Story
  • Court sides with Milan in derivatives case against 4 banks
    An Italian court ruled that four banks defrauded Milan when they sold derivatives. Deutsche Bank, Depfa Bank, JPMorgan Chase and UBS were found guilty of lying about risks and thereby making €100 million in illicit profit. The court ordered that €90 million be seized, and each bank was fined €1 million. The outcome might hold precedence for lawsuits pertaining to derivatives deals gone sour. Reuters (19 Dec.) 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.

  Tech Trends 
 
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.

  ASIFMA News 
  SmartQuote 
Is life not a hundred times too short for us to stifle ourselves?"
--Friedrich Nietzsche,
German philosopher


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