Global watchdog says to study bond market liquidity
June 17, 2015--Global regulators will review the structure of bond markets to see if any changes are needed as central bankers fret over the possibility of more "taper tantrums" once interest rates start to rise.
The International Organization of Securities Commissions (IOSCO), which groups market watchdogs from more than 100 countries, said its review would look at liquidity in the sector.
Source: Reuters
DMS-Indonesia On Right Track, But Still Has Many Hurdles To Overcome
July 17, 2015--It was with much anticipation on July 9, 2014, when Joko Widodo was elected President of Indonesia, the ASEAN region's largest economy with just over 53% of the vote.
I have written extensively about the significance of his election as well as that of India's Narendra Modi, not only because of their policies, but also because of who they are and where they came from. In too many countries in the developing world, it is the political elite who form dynasties and enrich themselves, in many cases at the expense of the population.
Source: Source: Peter Kohli of DMS for Nasdaq.com
World Bank Aging in Europe and Central Asia- A Gray Tsunami or a Golden Era?
New World Bank report looks at both the challenges and opportunities of an aging population
June 17, 2015--Societies are aging across Europe and Central Asia, but individuals are not-a demographic trend driven primarily by declining fertility rates rather than increased longevity, says the new World Bank report, Golden Aging: Prospects for Healthy, Active and Prosperous Aging in Europe and Central Asia.
Launched today in Vienna at the Ministry of Finance, the report finds that the social and economic consequences of aging societies are complex and diverse-but not necessarily negative. The report identifies significant opportunities in a range of policy areas which, if fully seized, can help societies foster more active, healthy, and productive aging.
view the World Bank report-Aging in Europe and Central Asia-A Gray Tsunami or a Golden Era?
view the infographic-Golden Aging in Europe and Central Asia
Source: World Bank
Regulation is untapped resource for growth-study
June 17, 2015--Financial firms are failing to capitalize on regulation for investment and business change, as the investment banking community struggle with a state of constant regulatory change dubbed 'The New Normal.'
According to new research from IT services and banking consultancy, GFT, just 18% of respondents from the 66 global investment banks and central counterparties (CCPs) surveyed are treating regulation as an opportunity to drive investment and business change in their organisations, marking a sign of an untapped area for future growth.
Source: FOW
OECD-Financial sector must promote inclusive growth
June 17, 2015--Finance is a key ingredient of modern economies, but too much finance may hamper economic growth and worsen income inequality, according to new research from the OECD.
The OECD's latest work on Finance and Inclusive Growth analyses 50 years of data to demonstrate the variable effects that further expansion of different types of finance can have on both economic activity and inequality.
Source: OECD
IOSCO publishes report on credible deterrence approaches in securities market regulation
June 17, 2015--The International Organization of Securities Commissions has published the report Credible Deterrence, which identifies key enforcement factors that may deter misconduct in international securities and investment markets.
June 17, 2015--The report draws on the collective experience and expertise of IOSCO members and was produced by IOSCO's Committee 4 on Enforcement and the Exchange of Information, which is chaired by the UK Financial Conduct Authority (FCA).
It identifies key elements in the prevention of misconduct and financial crime from a range of international regulatory authorities and encourages regulators operating in both emerging and developed markets to consider how they might integrate credible deterrence into new or existing enforcement strategies.
view the report Credible Deterrence
Source: IOSCO
Plans to label big fund managers 'systemic' in jeopardy
June 17, 2015--A global effort to label the biggest asset managers as "systemically important" and subject them to greater scrutiny is in jeopardy after the world's market regulators hit back at the plans.
Leaders of Iosco, the global securities regulators meeting in London this week, said on Wednesday they think it is more important to focus on understanding the risks posed by the sector as a whole than to worry about specific large firms.
Source: FT.com
Insurers take first bite of exchange-traded funds
June 17, 2015--While their interest is tentative, insurance companies present
a huge, untapped market for fund providers.
Source: Financial News
Assessing Debt Management Performance-Why It Is Important
June 16, 2015--The analysis and management of a country's debt portfolio are critical not only for maintaining macroeconomic stability. They also mobilize long-term resources for the country's development and help create the building blocks for a domestic money market.
As global liquidity is once again tightening, it is imperative for developing countries to gain and maintain the trust of investors, both international and domestic. view more
Source: World Bank
Saudi Arabia Opens Up $585B Stock Market To Direct Foreign Investment
June 15, 2015--Saudi Arabia's stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.
The opening of the Tadawul Saudi Stock Exchange allows companies, particularly those that are not in the oil business, to raise money straight from foreign investors, with the goal of expanding businesses, diversifying the economy and creating more jobs for the kingdom's growing population.
Source: The Street