Global Market

IOSCO Consults on Regulation of Retail Structured Products

The International Organization of Securities Commissions (IOSCO) published today a consultation report on Regulation of Retail Structured Products, which analyses trends in the retail structured product market, and proposes a regulatory Toolkit for IOSCO
IMF cuts its global economic growth forecasts

The International Monetary Fund warned that an “Uneven Recovery is also a dangerous one” for the global recovery as it again downgraded its growth forecasts for 2013, while holding out the prospect of relief late in the year.
S&P 500 Breaks Record

After weeks of false starts, the Standard & Poor's 500-stock index finally broke a six-year-old closing high to mark a new all-time new record.
UK's banks must raise £25bn more by end of year - Bank of England

The Bank of England (BoE) is expected to tell the UK's banks they must raise billions more in capital to absorb and protect against potential losses.
IOSCO Consults on Regulatory Issues Raised by Changes in Market Structure

The International Organization of Securities Commissions (IOSCO) published today a Consultation Report on Regulatory Issues Raised by Changes in Market Structure, which identifies possible outstanding issues and risks posed by existing or developing mark
Dow Industrials Set Record, Climbs past closing peak on Oct 9, 2007

The Dow Jones Industrial Average powered above its intraday record, riding a resilient 2013 advance and looking to put the devastating declines of the financial crisis in the rearview mirror.
U.K. Is Stripped of Triple-A Rating

Moody's Investors Service MCO +1.69% stripped the United Kingdom of its triple-A credit rating, predicting economic weakness will weigh on public finances for years to come.
Mozambique Targets Gas Companies for Stock Listings

Mozambique's stock exchange may add five new listings by 2018, the first as early as June, as companies exploring for gas raise funding for projects, said Anabela Chambuca Pinho, chief executive officer of the bourse.
Barclays cuts 3,700 jobs in overhaul

Barclays is axing 3,700 jobs following a six month strategic review by new chief executive Antony Jenkins, who is pledging to change the culture of the bank in the wake of the Libor rigging scandal. He confirmed that the bank was shutting its structured c
MCX-SX: India gets a new stock exchange

Finance Minister P Chidambaram today inaugurated the country's new stock exchange - MCX-Stock Exchange (MCX-SX) at an event in Mumbai. The new exchange would commence live trading in equities from Monday.
IOSCO Publishes Recommendations Regarding the Protection of Client Assets

The International Organization of Securities Commissions (IOSCO) today published a consultation report on Recommendations Regarding the Protection of Client Assets, which seeks to help regulators improve the supervision of intermediaries holding client as
India Central Bank Cuts Lending Rate

India’s central bank cut its key lending rate by 0.25 percentage point to 7.75% Tuesday, the first cut since April. The move was broadly in line with expectations, given strains on India’s economic growth.
IOSCO Consults on Financial Benchmarks

The International Organization of Securities Commissions (IOSCO) published today a Consultation Report on Financial Benchmarks, which seeks comments from the public on policy issues arising from the work of its Board Level Task Force on Financial Market B
IOSCO Publishes Two Reports Advancing its Work on Credit Rating Agencies

The International Organization of Securities Commissions (IOSCO) published today two reports Credit Rating Agencies:
ICE to Buy NYSE for $8.2 Billion

NYSE Euronext agreed to sell itself to rival IntercontinentalExchange (ICE) for $8.2 billion, in a deal that ends more than two centuries of independence for the New York Stock Exchange, one of Wall Street's most enduring symbols of American capitalism.
S&P downgrades UK’s AAA Rating to Negative

Standard & Poor's (S&P) has become the last of the three main rating agencies to put the UK 's top AAA rating on "negative outlook". S&P said it could lower the UK 's rating "if fiscal performance weakens beyond our current expectations".
UBS Faces $1 Billion Fine Over Libor

UBS AG UBSN.VX +0.60% is in the final stages of negotiating a settlement with U.S. and British authorities in which the giant Swiss bank is likely to pay more than $1 billion to resolve allegations that it attempted to manipulate benchmark interest rates,
US Fed Extends Bond-Buying Into 2013

The Federal Reserve refashioned its bond-buying programs, extending its far-reaching effort to revitalize the jobs market and boost the economic recovery into 2013.
Japan falls into Recession

Slowing exports to China have resulted in Japan falling into recession. Business week reports that opposition leader Shinzo Abe has used this as an excuse to call for ‘more stimulus’ and has highlighted the risk that weak growth will derail a planned sal
Terror Fight Shifts to Africa - US

Military counterterrorism officials are seeking more capability to pursue extremist groups in Africa and elsewhere that they believe threaten the U.S., and the Obama administration is considering asking Congress to approve expanded authority to do it.
3 Post-Fiscal Cliff Investment Opportunities

The fiscal cliff debate playing out in Washington has predictably turned into a three-ring circus of political posturing and gamesmanship.
Goldman Sachs: Stocks can rise 10%-15% in 2013

Stocks have lots of room to run, said Goldman Sachs senior investment strategist Abby Joseph Cohen at the Bloomberg Hedge Fund conference in New York Wednesday morning.
IOSCO Publishes Principles for Ongoing Disclosure for Asset-Backed Securities

The Board of the International Organization of Securities Commissions (IOSCO) has published today the Final Report on Principles for Ongoing Disclosure for Asset Backed Securities (ABS Ongoing Disclosure Principles),
China to 'simplify' procedures for foreign investors

China has said it will "simplify" procedures for foreign direct investments, the latest step in its attempts to attract more investors.
Revised Economic Outlook 2012-2015

Against the background of the uncertain international economic environment
China Relaxes Rules for Securities Firms

China cut the capital-reserve requirement for securities firms and expanded the range of financial products they may invest in,
It's Official: The Eurozone is in Recession

Eurostat announced today that Euro area GDP declined by 0.1 percent in the third quarter of 2012. This follows a 0.2 percent decline in the second quarter meaning the period fits the commonly-used rule of thumb that defines a recession as two consecutive
IOSCO Reviews Implementation of Commodity Derivatives Market Principles

The International Organization of Securities Commissions has published today the final report Survey on Implementation of the Principles for the Regulation and Supervision of Commodity Derivatives Markets, which reviews how Market Authorities[1] comply wi
Stock Markets Closed as Storm Hobbles New York

U.S. stock and options markets will be closed on Monday, and possibly Tuesday, as regulators, exchanges and brokers worry about the integrity of markets and the safety of employees in the face of Hurricane Sandy.
CEOs Call for Deficit Action

Chief executives of more than 80 big-name U.S. corporations, from Aetna Inc. AET +0.66% to Weyerhaeuser Co., WY -1.11% are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts.
US: Fund Managers, Regulators Say Certain Orders Are Risky, Aid High-Speed Firms

The nation's two largest stock exchanges are facing a backlash by mutual funds and securities regulators for offering trading tools that could harm institutional investors.
U.K. Banks fret on New Capital Quantum

U.K. banks are among the best capitalized in Europe and have gone further than most in restructuring their businesses. But that isn't enough for some.
Barclays to acquire ING Direct UK

Barclays Bank has agreed to buy ING Direct UK, taking on its £10.9bn deposits and £5.6bn mortgage book.
IOSCO Publishes Policy Recommendations for Money Market Funds

The International Organization of Securities Commission (IOSCO) has published today a final report on Policy Recommendations for Money Market Funds, which proposes recommendations to be the basis for common standards for the regulation and management of m
Global economic recovery weakening , says IMF

The Global Economic Recovery is weakening as government policies have failed to restore confidence, the International Monetary Fund has said. It added that the risk of further deterioration in the economic outlook was "considerable" and had increased.
IOSCO Publishes Principles for Oil Price Reporting Agencies

The Board of the International Organization of Securities Commissions has published today its final report on Principles for Oil Price Reporting Agencies (PRAs), which sets out principles intended to enhance the reliability of oil price assessments that a
Spain's Banks Need $69.23 Billion, Stress Test Shows

Spain's banks need €53.75 billion ($69.23 billion) in new capital, an independent audit showed, a figure below initial estimates that provides a benchmark for the cleanup cost of the ailing sector, the government and the Bank of Spain said Friday.
Bank of America to Pay $2.43 Billion in Merrill Settlement

Bank of America Corp. (BAC) said it will pay $2.43 billion to settle a 2009 class action lawsuit brought in 2009 on behalf of investors who held Bank of America securities at the time the company announced plans to acquire Merrill Lynch.
MTI declares '11 & '10 Audited result with N551.7m loss in '11 ,(SP:N0.50k)

MTI Plc, Telecommunications Services company in ICT sector announced 42.2% Turnover loss in ''11 Audited Result.
IMF says risks remain in financial system as US investors take fright

Troubled UK banks were swallowed up by stronger rivals, leaving the financial sector even more concentrated, the IMF said. Photograph: Dan Kitwood/Getty

Will the MPR remain at 12%? …the need to keep yields attractive

Sentiment Analysis Report – W/E May 24, 2013

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