Gfma : News on the global financial markets
21/12/2011 GFMA- Other News
- French banks scramble to fund first-quarter
debt payments
Bloomberg (20 Dec.) - Osborne dampens RBS' hopes of global
investment banking
CNBC/Financial Times (20 Dec.)
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Global regulatory efforts are expected to boost
shadow banks
Efforts by global regulators to improve the stability of the
financial system could inadvertently help the shadow-banking
system, experts said. Hedge funds, private-equity funds and other
players in shadow banking are expected to acquire assets that banks
must sell to comply with regulations. "The growth of the
shadow-banking system is a logical consequence," said Konrad
Becker, an analyst at Merck Finck. Reuters(20 Dec.)
BoE and FSA warn about drawbacks of risk-prevention
tools
The Bank of England and the UK Financial Services Authority
released a paper that highlights challenges faced by regulators as
they strive to prevent a repeat of the 2008 financial crisis. The
paper explains drawbacks of tools that the central bank might use
to keep excessive risk from building up in the financial system.
The Wall Street Journal(20 Dec.), Bloomberg(20 Dec.)
Commentary: G-SIFIs expect to benefit from
designation
The Financial Stability Board recently identified 29 banks as
global systemically important financial institutions, which
essentially means they are too big to fail, columnists Rob Cox and
Peter Thal Larsen write. "That puts smaller rivals at a
disadvantage," they note. "It's a race to the top, but not in the
way regulators envisioned." The New York Times (tiered subscription
model)/Reuters Breakingviews(20 Dec.)
- Other News
Debate over Basel III
continues
The New York Times (tiered subscription model) (20 Dec.)
Banks are expected to flock to ECB's cheap,
3-year loans
Bloomberg (21 Dec.)