Global ETF News Older than One Year
Economy: Growth picking up steam but recovery uneven, says OECD Economic Outlook
November 18, 2010--Economic activity in OECD countries will gradually pick up steam over the coming two years, but the recovery will be uneven and unemployment will remain persistently high, according to the OECD’s latest Economic Outlook.
With the functioning of the financial sector returning to normal and households and business in a position to renew spending and investment, the main challenge facing governments today is moving from a policy-driven recovery toward self-sustained growth.
“As stimulus is withdrawn, governments will have to provide a credible medium-term framework, to stabilise expectations and strengthen confidence, particularly for the private sector,” OECD Secretary-General Angel Gurría said. “Enhanced confidence could result in a faster-than-projected recovery"
Source: OECD
Ernest & Young Report-Cash-in-the-barrell: Benchmarking and analysis of working capital management in the oil and gas industry
November 18, 2010--Benchmarking and analysis of working capital management in the oil and gas industry.
Source: Ernest & Young
US Tsy's Wolin: Committed To Implement Basel III 'On Time'
November 17, 2010--The U.S. is committed to applying Basel III standards "on time" and implementing tougher capital requirements on banks' trading books, all while it continues implementation of Basel II, U.S. Deputy Treasury Secretary Neal Wolin said Wednesday.
In prepared remarks to the London Stock Exchange, Wolin also welcomed the Financial Stability Board's work "to strengthen the intensity of supervision of the systemically important financial institutions" and the European Commission's proposals on central clearing of derivatives.
"We commend the European Commission's proposals on central clearing," Wolin said, stressing that derivatives should "reduce risk, not magnify it."
Derivatives regulation is one of the areas where global convergence is essential, he said.
read more
Source: Marketnews.com
China and Europe rattle markets
Major stock markets from Asia, Europe to the US were sharply lower on Tuesday, while European government bond yields ...
Source: FT.com
Bloomberg to launch water data and analysis service
Bloomberg New Energy Finance.
Speaking at the presentation of the Carbon Disclosure Project’s new Water Disclosure project’s inaugural results in London, Liebreich cited the “very poor information” currently available on water usage. “Water is the next big challenge,” he said.
Source: Bloomberg
IMF Working paper -Do Credit Shocks Matter? A Global Perspective
We then evaluate the role played by credit market shocks using a series of VAR models. Our findings suggest that these shocks have been influential in driving global activity during the latest global recession. Credit shocks originating in the United States also have a significant impact on the evolution of world growth during global recessions.
view the working paper-Do Credit Shocks Matter? A Global Perspective
Source: IMF
IOSCO Publishes Final Report on Private Equity Conflicts of Interest
In light of this the report recommended that further work should be carried out to fully identify those conflicts of interest risks which are particular to private equity and to explore the extent to which these risks are subject to adequate methods of mitigation. This report provides a summary and the conclusions of the recommended follow-up work on conflicts of interest in private equity. view the Final Report on Private Equity Conflicts of Interest
Source: IOSCO
SEC and CESR Members Announce Efforts to Continue Close Cooperation as National Securities Regulators Implement New Regulatory Reform Initiatives
Securities regulators in both the U.S. and EU are currently crafting new and wide-ranging rules designed to address regulatory concerns that arose during the recent financial crisis. Today's discussions focused on a number of topics, including the regulation of over-the-counter derivatives and oversight of credit rating agencies and managers of hedge and private equity funds. The CESR and SEC chairmen also shared views regarding market structure issues, systemic risk, and issues relating to the convergence of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP).
Source: SEC.gov
Basel rules spark mitigation drives
The Basel III rules endorsed by the Group of 20 leading economies last week may be squeezing banks on multiple fronts.
November 16, 2010--Rising inflation in China and deepening financial turmoil in Europe rattled global markets, triggering widespread falls in both stocks and commodities on investor concerns of slower economic growth.
Media giant adds to ESG service offering
November 16, 2010--Global media and data giant Bloomberg says it plans to launch a service focusing on water in early in 2011. "We ourselves will be launching a water service in the New Year,” said Michael Liebreich, chief executive of Bloomberg New Energy Finance.
November 16, 2010--Summary: This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of the G-7 countries.
November 16, 2010--Executive Summary
In May 2008, IOSCO published a report identifying potential risks emerging from the private equity industry and outlining how IOSCO intended to address these risks. One of the key risks identified by this report was the potential for material conflicts of interest to exist among the parties involved in private equity sponsored transactions.
November 16, 2010--The Securities and Exchange Commission and the Committee of European Securities Regulators (CESR) today convened a high-level meeting in Paris between SEC Chairman Mary L. Schapiro, CESR Chairman Carlos Tavares, and the chairmen of 29 CESR member regulators to discuss regulatory reform efforts in the United States and the European Union.
November 15, 2010--With global reforms set to force banks to hold more capital against riskier kinds of financial assets, the world’s biggest investment banks have begun to embrace a new buzzword: mitigation.
Source: FT.com
October 2010 FIF Automated Trading Analysis Report – Executive Summary
November 15, 2010--U.S. Equities Market Share
In Sep 2010, off-exchange trading
accounted for 32% of the shares
traded in NMS Equity Securities
with an average of 33.9% in 2010.
Share volumes traded across Tape A, B, and C increased 8% monthly since September 2010 to 165 billion shares (see chart).
Share volumes in NYSE-listed securities increased 14% compared to September 2010 to 96 billion shares.
NASDAQ-listed securities traded over exchange decreased 0.2% since September 2010 to 42 billion shares
On October 15, 2010, BATS started operating its Y exchange platform.
NASDAQ launched its PSX trading platform on October 8, 2010
On July 19, 2010, Direct Edge started operating its EDGA and EDGX exchange platforms.
Source: Financial Information Forum
