New margin regulations for the non-cleared OTC derivatives to reduce systemic risk across financial markets
June 27, 2016--In a new publication entitled "Initial Margin for Non-Centrally Cleared OTC Derivatives-Overview, Modelling and Calibration," EDHEC-Risk Institute provides a detailed overview and analysis of the forthcoming new framework to be used by large financial institutions to determine initial margin (IM) and variation margin (VM) payments when trading non-cleared over-the-counter (OTC) derivatives.
The Fédération Bancaire Française (FBF) supports the research chair on "Innovations and Regulations in Investment Banking" in which this research was produced.
Source: EDHEC-Risk Institute
Brics eyes a new rating firm to rival big three
June 27, 2016--The Brics nations are looking to set up a new credit-rating company in an effort to break the dominance of the big three developed-nation firms.
Source: FIN24
Infographic-21 Incredible Uses for Silver
June 27, 2016--From our perspective, silver is the most fascinating metal in existence.
Silver is best known for having extraordinary properties that have made it an effective monetary metal for thousands of years.
Currency buffs all know the metal as being rare, durable, fungible, malleable, ductile, and divisible, which match the properties of money agreed on by most economists. Silver, of course, has been used by civilizations ranging from Ancient Rome to the United States for monetary purposes.
Source: visualcapitalist.com
Bitcoin and Blockchain Leading the Revolution in the Global Monetary System
June 26, 2016--Technologies from big data to digital currency and mobile transactions are reshaping the financial industry
While there is debate about their viability and the public's awareness and understanding of them, bitcoin and blockchain technology could be the beginning of a revolution in the global monetary system.
Source: World Economic Forum
Policy remix needed to tackle pent-up risks, BIS says
June 26, 2016--There is an urgent need to rebalance policy in order to shift to a more robust and sustainable global expansion and address accumulated vulnerabilities, the Bank for International Settlements (BIS) writes in its 86th Annual Report, calling for prudential, fiscal and structural policies to play a greater role.
"We need policies that we will not once again regret when the future becomes today," the BIS says in the report, released today, which describes a broad-based economic realignment as financial cycles mature, commodity prices fall, the dollar strengthens and global liquidity starts to tighten.
view the 86th Annual Report, 2015/16
Source: BIS
The Real Threat to Currency Traders
May 26, 2016--Today's the day when regulators give the financial world a glimpse of how they reckon traders in the $5.3 trillion-a-day foreign-exchange market should behave.
The code of conduct, or rather voluntary guide, is welcome after the $9 billion in fines and settlements linked to market rigging.
Source: Bloomberg
Brexit panic wipes $2 trillion off world markets
June 24, 2016--Closing summary: Brexit wipes $2 trillion (!!) off global markets
It's almost 24 hours since it first became clear that David Cameron's EU referendum had not gone as the PM had planned.
That realisation has triggered one of the most dramatic, volatile and downright scary trading sessions in the last decade. New estimates tonight say Brexit has wiped out over two trillion dollars of value, worldwide...
Source: The Guardian
Brexit: Fed set to provide dollar liquidity to offset market pressures
June 24, 2016--The US Federal Reserve said Friday it was ready to provide dollar liquidity to other central banks to offset any global market pressures resulting from Britain's vote to exit the European Union.
"The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the US economy," the central bank said in a statement.
Source: The Daily Mail
S&P prepares UK downgrade as Britain votes to leave EU
June 24, 2016--S&P Global Ratings is preparing to remove the UK's top credit grade after the country voted to leave the European Union.
Source: FIN24
WGC Market Update: Gold surges after Brexit becomes reality
June 23, 2016--The gold price surged 6% from yesterday as the UK surprised the world by voting to Leave the EU. As geopolitical and market uncertainty rises, we expect gold inflows to accelerate.
Gold fulfils its classic safe haven role With Britain voting to exit the European Union, we expect to see strong and sustained inflows into the gold market driven by the staggering level of protracted...
Source: WGC (World Gold Council)