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ANALYSIS-Transaction taxes, liquidity and patience

  • Wednesday, 08 September 2010 17:50
  • Last Updated ( Wednesday, 08 September 2010 17:55 )
  • Written by Mike Dolan

Forex trading RTR2I1UK_Comp.jpgLONDON, Sept 8 (Reuters) - The case for a tax on global financial transactions may have been perversely boosted by the relative success of foreign exchange markets through the past three years of world banking turmoil.

As markets in credit, interbank and securities lending malfunctioned and stock markets lurched violently, currency markets, for the most part, appeared to have a "good crisis".

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GPF London Round Up

  • Wednesday, 26 May 2010 11:10
  • Last Updated ( Friday, 11 June 2010 11:27 )
  • Written by GPF Editorial

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June 8th saw the coming together of over 100 market professionals and dozens of financial experts from around Europe for the second Global Pricing Forum, based in London’s May Fair Hotel. The half-day event, specifically designed for debate, discussion and dialogue around the markets most pressing issues, including regulation, transparency, valuation and risk, was a great success. 

The market and finance professionals took to debating like fish to water as they ran through dozens of subjects from market liquidity to risk management and the importance of having risk intelligence as well as market intelligence.

From today we will be uploading video interviews with some of the events key attendees and panelists, including Global Pricing Forum host Tim Rice to the Rt Honourable Michael Howard. 

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In the meantime we have condensed the day’s proceedings into two blog posts, which cover the basics of the day. Event round up one looks at introductions from Tim Rice and Philippe Carrel on Thomson Reuters services, including the lauded Elektron and new risk intelligence offerings. Moving on there is a breakdown of keynote speaker Carlo Acerbi’s talk on mark-to-liquidity, then the round ups of the first two panels, which look at ‘Regulation’ and ‘Transparency’ and including thoughts such as, “Adding regulatory synchronisation is a laudable ideal but practically impossible” and, a look at the, “Catch 22 of strategic regulatory changes that, by the time it’s known what changes need to be made it’s often too late”.

The second round up of the day looks at the final three panels plus the guest speaker. Panel three looking at ‘European benchmarking,’ which includes the panel making noted points such as there is a real need, “To meet a convention to create a sound and resilient basis for prices”. Then the move to ‘Syndicated Loans’ when the fourth panel of the day took their places, over running slightly they took an in-depth look at how Confidentiality is one of the big issues for transparency in loans, they operate in a non-regulated private market. The final panel debated the evolution of the European Asset Backed Security Market, and how it has developed into a much more of a ‘traders market’ in recent months.

Finally the day was rounded up, and the post finishes on the talk given by Michael Howard, and at the painful decisions that will have to be taken by finance professionals, regulatory bodies, the government and the public in the wake of the £150 billion fiscal debt.

If you would like to know any more about the day, would like to hear more about Thomson Reuters products, or a one-to-one conversation about how Thomson Reuters can help you, let us know in the comments section below, or email direct, This e-mail address is being protected from spambots. You need JavaScript enabled to view it
   

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Fed's Bullard gives green light on risk: John Kemp

  • Wednesday, 04 August 2010 17:17
  • Written by John Kemp

LONDON, Aug 3 (Reuters) - By holding out the prospect of a round of aggressive Treasury bond buying, Federal Reserve Bank of St Louis President James Bullard has given investors a sign it is safe to begin putting on risk again. He has in effect given them a win-win guarantee.

Bullard's advocacy of another round of quantitative easing (QE) came as he warned, "The U.S. is closer to a Japanese-style [deflation] outcome today than at any time in recent history", in a forthcoming issue of the bank's review released early.

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Basel bank talks refocus investors on capital

  • Tuesday, 07 September 2010 14:50
  • Last Updated ( Tuesday, 07 September 2010 14:51 )
  • Written by Huw Jones
LONDON, Sept 7 (Reuters) - Global regulators meeting on Tuesday look set to finalise tougher bank capital rules roughly in line with expectations but the package may take effect sooner than anticipated, raising investor concerns over dividends.

Germany's Die Zeit newspaper reported on Monday evening it had obtained a draft of the finalised package showing that banks will have to hold Tier 1 capital of 9 percent, including a 3 percent so-called "conservation buffer".

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Obama says discussing new steps on economy

  • Monday, 30 August 2010 20:09
  • Last Updated ( Monday, 30 August 2010 20:18 )
  • Written by Reuters

Obama - white house RTR2HPZ2_Comp.jpgWASHINGTON, Aug 30 (Reuters) - President Barack Obama, under pressure to bolster the U.S. economy, said on Monday he and his economic advisers are discussing additional steps to generate job growth such as more tax cuts for businesses.

Obama, just back from a 10-day vacation, appeared in the White House Rose Garden to show his concern about the economy, which some experts believe is in danger of slipping into a double-dip recession.

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