Reading this on a mobile device? Try our optimized mobile version here: http://r.smartbrief.com/resp/ecbWCfbwoceVnlfZDGSK

11 December 2012
Sign upForwardArchiveAdvertise
News on the global financial markets

  Morning Bell 
  • GFMA voices concerns about UK top-down bank-seizure plans
    GFMA warned of shortcomings in UK plans for top-down seizure of global financial institutions in trouble. When a holding company doesn't have enough capital, resolution through a single point of entry might be inappropriate, GFMA CEO Simon Lewis says. "Resolution strategies therefore need to be tailored to the circumstances of each institution and the development of firm-specific cross-border cooperation agreements will be a key component to achieve this," Lewis said. Reuters (10 Dec.) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • UK and US growth is picking up, OECD says
    Economic expansion is accelerating in the UK and the US, and growth might pick up in Italy and China, according to the Organisation for Economic Cooperation and Development. The OECD expects weak growth in Germany, France and the broader euro zone, as well as Canada, Japan and Russia. Reuters (10 Dec.) LinkedInFacebookTwitterEmail this Story
  Regulatory Roundup 
  • ECB bank-supervision plans adjusted to address German objections
    In a proposed compromise intended to assuage German concerns, only euro-zone banks with assets exceeding €30 billion would fall under daily supervision of the European Central Bank. The offer, from EU president Cyprus, aims to smooth the way for agreement by leaders meeting this week on an initial step toward a banking union. The proposal, however, would allow the ECB to intervene in smaller banks under some circumstances. Reuters (10 Dec.) LinkedInFacebookTwitterEmail this Story
  Spotlight on China 
  • Chinese bank lending falls short of forecasts
    Yuan-denominated loan origination last month in China fell short of economists' expectations. The People's Bank of China says banks issued $84 billion in loans. Economists surveyed by Bloomberg News had expected $88 billion. Bloomberg (11 Dec.), Reuters (11 Dec.) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Put a grain of boldness into everything you do."
--Baltasar Gracián,
Spanish writer


LinkedInFacebookTwitterEmail this Story

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

Advertise
Sales Account Director:  Abiy Bekele (212) 450-7919
 
Read more at SmartBrief.com
A powerful website for SmartBrief readers including:
 
 
 Recent GFMA SmartBrief Issues:   Lead Editor:  Bridget Lux
     
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
 
 
© 1999-2012 SmartBrief, Inc.® Legal Information