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Signs emerge that Europe, U.S. are diverging on derivatives reform

January 7th, 2010

Before You Invest

Policymakers in Europe and the U.S. will kick off the year by tackling the overhaul of financial regulation, including rules related to the derivatives market. However, indications are coming to light that the U.S. and Europe are diverging in their approach to overhauling derivatives regulation. “Should there be a disparity between levels of capital charges, market participants will simply move to the business center with lower capital charges,” said David Clark, chairman of the Wholesale Market Brokers Association.

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Tags: Brokers Association, Business Center, Capital Charges, Derivatives Market, Disparity, Europe, Market Participants, Policymakers, Signs, Wholesale, Wholesale Market

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International Monetary Fund now estimates global bank losses at $3.4 trillion

November 8th, 2009

Before You Invest

The International Monetary Fund (IMF) has reduced its estimate of global bank losses by $600 billion – but warned the new figure of $3.4 trillion could rise further due to high unemployment rates across the world pushing up loan losses.

Rising security values combined with a new way of calculating losses are to thank for the improvement on the original $4 trillion deficit calculated in April.

But the IMF says that around another $1.5 trillion worth of loan writedowns will hit banks by the end of 2010.

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Posted in Finance Fraud

Tags: Banks, Brink, Earnings, Economic Recovery, Financial Institutions, Financial Meltdown, Global Bank, Global Financial Stability, Global Financial Stability Report, Government Support, Imf Report, International Monetary Fund, International Monetary Fund Imf, Jose Vinals, Loan Losses, Policymakers, Public Purse, Reuters, Trillion, Unemployment Rates

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Interest rate could linger near zero for years, Fed’s Yellen says

July 1st, 2009

Before You Invest

Janet Yellen, president of the Federal Reserve Bank of San Francisco, went further than other policymakers in assuring that the Fed is not likely to push its interest rate up in the near future. Speaking to reporters after a speech, she said it is “not outside the realm of possibility” that the central bank will let the interest rate remain close to zero for several years.

more at

http://www.bloomberg.com/apps/news?pid=20601206&sid=azj.oalw.3hY