Reading this on a mobile device? Try our optimized mobile version here:

January 22, 2013
Sign upForwardArchive

  Credit Markets 
  • Analysis: Bond markets have good news for Europe
    Demand for Spanish and Italian government bonds is growing steadily, and that's good news as "positive contagion" sweeps through Europe, according to The Economist. "Confidence in bond markets is being seen as a turning-point in the crisis," the magazine notes. "Yet some of the vital signs may be misleading. One worry is that the connection between weak banks and weak governments may have strengthened again in recent months." The Economist (tiered subscription model) (1/19) LinkedInFacebookTwitterEmail this Story
  • Markets signal little worry about eurozone debt
    Concerns about the eurozone debt crisis are fading, despite weakness in underlying economies. Italian and Spanish bonds have been strengthening for six months, and the euro is at its highest value in 10 months. Meanwhile, Spain has successfully concluded a large debt offering. Reuters (1/17), The Wall Street Journal (1/18) LinkedInFacebookTwitterEmail this Story
  • BoE cautions about investors' return to risk taking
    Bank of England Governor Mervyn King told lawmakers that because of the weak recovery, investors are searching for returns in riskier places. The situation is one that "we will have to monitor very carefully," he said. Reuters (1/16) LinkedInFacebookTwitterEmail this Story
  • Central securities depositories form a coalition
    Central securities depositories in Germany, Spain, Australia, Brazil and South Africa have launched a forum to address concerns that regulations will lead to a global capital crunch. "Different markets have different needs and a truly global liquidity management solution needs to factor in these differences while still catering to the globally operating banks. It is our objective that the Liquidity Alliance will deliver an efficient value proposition for the worldwide industry enriched by local know-how and experience," says Peter Hiom of ASX Group. Financial Times (tiered subscription model) (1/16), The Wall Street Journal/Dow Jones Newswires (1/16) LinkedInFacebookTwitterEmail this Story
CreditSights is the premier provider of independent credit research in the Capital Markets, producing analysis that is globally respected for its integrity and quality. Our analysis spans 40 industries and is focused on U.S. & European High Grade/High Yield issuers and in the last six months we have begun to roll out Asian companies coverage. Click here to learn more.
  Regulatory and Accounting Issues 
  • BoE official calls for simpler alternative to Basel III
    Andrew Haldane, executive director of financial stability at the Bank of England, has again spoken out about complex challenges in Basel III. "Regulators cannot really police this complex beast," he said. "There are moves afoot with the Basel Committee [on Banking Supervision] to seek ways to simplify and streamline the move to a proper regulatory, rather than self-regulatory, edifice." Haldane says the U.K. Financial Services Authority is ahead of the Basel Committee in developing a simpler model. Reuters (1/21) LinkedInFacebookTwitterEmail this Story
  • EU lawmakers might force rethink of derivatives rules
    The European Parliament is considering requiring a formal review of derivatives regulation, sources say. "The draft resolution is being put together now," a source said. "There are legitimate concerns." The biggest issue pertains to exemptions for airlines and other nonfinancial firms that use derivatives. Reuters (1/21) LinkedInFacebookTwitterEmail this Story
  • Bond dealers get chance to comment on policy changes
    The U.S. Treasury Department sent a questionnaire last week looking for opinions on "current drivers of supply and demand in the Treasury bill and repo markets," as well as how new regulations are affecting trading. Officials are also seeking to establish whether the new interest-rate swap market is seeing changes because of the new reporting requirements. Bloomberg (1/18) LinkedInFacebookTwitterEmail this Story
  • Key eurozone bank plan faces hurdles
    European officials are reconsidering a plan, announced in June, to allow the region's rescue fund to lend money directly to banks in troubled countries. In addition to voicing concerns about the speed with which this plan would deplete the funds, some countries, including Germany, have begun to insist that governments in the countries where banks receive loans should be responsible to a share of repayment. The Wall Street Journal (1/16) LinkedInFacebookTwitterEmail this Story
  • IMF's Lagarde calls for faster reform of financial system
    International Monetary Fund Managing Director Christine Lagarde said she fears that the momentum of efforts to reform the global financial system is waning and called for faster action to prevent a "relapse" into crisis. She said she is concerned that some rules aimed at making the financial system stronger are being "softened at the margins" in response to opposition from banks. The Washington Post (1/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  IACPM News 
Learn more about IACPM ->IACPM Home  |  About IACPM  |  IACPM Events Calendar
IACPM Membership  |  Contact Us

Not in the clamor of the crowded street, not in the shouts and plaudits of the throng, but in ourselves, are triumph and defeat."
--Henry Wadsworth Longfellow,
American poet and educator

LinkedInFacebookTwitterEmail this Story

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Contact IACPM
General Inquiries

Advertise in IACPM Weekly SmartBrief
The IACPM is an industry association established in 2001 to further the practice of credit exposure management by providing an active forum for its member institutions to exchange ideas on topics of common interest. Learn more at

 Recent IACPM Weekly SmartBrief Issues:   Lead Editor:  Sean McMahon
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2013 SmartBrief, Inc.® Legal Information