| News on the global financial markets |  |
| Morning Bell |  |  |
|
| Industry News | | |
|
- Euro zone looks to an unsettled new year
European Central Bank President Mario Draghi succeeded in taming the worst expectations over the euro-zone crisis in 2012, but prospects for the new year are less bright unless rising unemployment, already at a record high, can be addressed. Meanwhile, Spain's minister of economy and competitiveness confirmed his country's refusal to seek ECB aid, with all its accompanying strictures, for now. The Wall Street Journal
(26 Dec.), Xinhuanet.com (China)
(27 Dec.)      
| Regulatory Roundup | | |
|
- Weakening of Japanese yen may force others down the same path
Japan's decision to endorse weakening its currency may pressure other countries in Asia and Latin America to follow suit. With nations already struggling to keep their currencies from becoming too strong in the face of looser American and European monetary policy, they may feel the need to also loosen monetary policy to keep their exports competitive. The Wall Street Journal
(27 Dec.)
| Spotlight on China | | |
|
- China bankers confident on asset quality heading into 2013
Although China's bankers express caution about some sectors -- including real estate, local government and small businesses -- they're generally optimistic about future asset quality, according to a survey by the China Banking Association and PricewaterhouseCoopers. They also expect nonperforming loans to remain below 1% of the total for the next three years. China Daily (Beijing)
(27 Dec.)
| GFMA News | | |
|
- David Wright, secretary general of IOSCO, and Peter Praet, member of the ECB Executive Board, to deliver keynote speeches at the AFME European Market Liquidity Conference 2013
The European Market Liquidity Conference is a high-profile, unique event in the European trading community calendar which will attract 400+ delegates from buy- and sell-side, fixed income and foreign exchange. Scheduled to take place on 13 February at the Grange St. Paul's Hotel in London. The content is designed and driven by market participants and therefore ensures that debates consist of genuine, in-depth discussion led by experienced, senior speakers.
The conference programme will explore key topics on funding economic growth, the structural changes of FICC and the impact of regulation on liquidity. Both Peter Praet, member of the Executive Board at the ECB, and David Wright, the secretary general of IOSCO, have both confirmed they will deliver keynote speeches at the conference.
Click here to view the full programme for this event and to register your place.
| SmartQuote | | |
|
 | No one has the right to be sorry for himself for a misfortune that strikes everyone."
--Marcus Tullius Cicero,
Roman philosopher and statesman
|
| |
| Advertise |
|
Sales Account Director:
Abiy Bekele (919) 931-5915
|
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
|
|
| © 1999-2013 SmartBrief, Inc.® Legal Information |
|
