Global ETF News Older than One Year
Influence of banks, hedge funds on commodities lowest since 2008
April 16, 2014--United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008.
In a 2012 report for the UN Conference on Trade and Development (UNCTAD), David Bicchetti and Nicolas Maystre said the rise of financial players in commodities markets over the previous decade had moved prices of oil and grains away from the fundamentals of supply and demand.
Source: Reuters
Deutsche Borse and The Stock Exchange of Thailand (SET) to cooperate
Memorandum of Understanding signed last week
April 16, 2014--The Stock Exchange of Thailand (SET) and Deutsche Börse AG signed a Memorandum of Understanding (MoU) on 11 April 2014. Both partners aim to enter into a cooperative relationship for the purpose of facilitating the development of the securities and derivatives markets between Thailand and Germany.
Under the terms of the MoU, the organizations aim to assess potential cooperation projects in cash and derivative products, market data as well as in clearing and risk management. They also are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments.
Source: Deutsche Börse
Final standard for measuring and controlling large exposures published by the Basel Committee
April 15, 2014--The Basel Committee on Banking Supervision has today published a final standard that sets out a supervisory framework for measuring and controlling large exposures,w hich will take effect from 1 January 2019.
A large exposure framework protects banks from significant losses caused by the sudden default of an individual counterparty or a group of connected counterparties. The framework was designed so that the maximum possible loss a bank could incur if such a default were to occur would not endanger the bank's survival as a going concern.
Source: BIS
IOSCO Research publishes paper on Corporate Bond Markets
April 15, 2014--The Research Department of the International Organization of Securities Commissions today published a Staff Working Paper entitled Corporate Bond Markets: A Global Perspective.
The report presents findings from an in-depth study on the development and functioning of corporate bond markets globally, and focuses on both emerging and developed markets. Its findings underscore the importance of corporate bond markets to economic growth, financial stability and economic recovery.
view the IOSCO report-Corporate Bond Markets: A Global Perspective Volume 1
Source: IOSCO
Gold: In search of a new standard
The London fix has been in place for almost a century but critics say the system needs reform
April 14, 2014--April 14, 2014--On the morning of September 12 1919, just 10 months after the end of the first world war, bankers at NM Rothschild & Sons in London sat down to calculate a fair price for gold.
They had been asked to do this by the Bank of England, which wanted to restore the city,s status as an international finance centre.
Sir Brien Cokayne, the BoE's governor, envisaged "an open market for gold in ...
Source: FT.com
Asset managers fight 'financial threat' label
April 13, 2014--Big asset managers are fighting hard against being labelled potential threats to the stability of the financial markets. They have urged regulators to focus on heavily indebted institutions instead.
Regulators are considering imposing tighter rules as part of an assessment to determine whether large funds should be considered as "systemically important".
Funds with assets of more than $100bn will be subject to greater scrutiny, but regulators will also employ other measures such as leverage ratios to determine how wide to spread the net.
Vanguard, which manages $2.7tn, is potentially most under threat. It runs five tracker funds and a money-market fund with assets of more than $100bn.
Source: FT.com
Citi makes further cuts to trading business
April 13, 2014--Citigroup has made deeper cuts at its investment bank, cutting around 200 to 300 staff in its global sales and trading businesses in the last few weeks, said people familiar with the bank.
Steve Prince, brother of former chief executive Chuck Prince was among those to leave the bank, a person familiar said, confirming an earlier report in the Wall Street Journal.
Source: FT.com
Palladium Price Highest Since 2011 Due To Russian Worries, South African Strike
April 12, 2014--Palladium futures hit their highest level since 2011 on Monday as heightened geopolitical tensions surrounding Russia and Ukraine have exacerbated supply worries at a time when a major strike is occurring in South Africa.
Some analysts look for further gains over the longer term, while others described themselves as constructive but offered caution with so much bullish news already factored into prices.
Source: Forbes
Palladium Price Highest Since 2011 Due To Russian Worries, South African Strike
April 12, 2014--Palladium futures hit their highest level since 2011 on Monday as heightened geopolitical tensions surrounding Russia and Ukraine have exacerbated supply worries at a time when a major strike is occurring in South Africa.
Some analysts look for further gains over the longer term, while others described themselves as constructive but offered caution with so much bullish news already factored into prices.
Source: Forbes
Big asset managers eye new trading venue
April 11, 2014--Several of the world's largest asset managers are discussing the creation of a joint equity trading venue, in an attempt to end the technological arms race sparked by high-frequency trading firms.
Fidelity, the Boston-based manager with $1.9tn under management, has sounded out rivals about routing their share trades through a central venue that would rival traditional stock exchanges and so-called "dark pools" of liquidity.
Source: FT.com
