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The Daily Capital Markets Digest
Industry-driven initiatives to streamline balance sheets by clearing out superfluous swaps trades are set to come under pressure as clearing and execution rules being rolled out across Europe threaten to slap higher costs on an activity that is intended to reduce risk.
(Reuters) - The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected.
(Reuters) - The Bank of Japan surprised global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.
(Reuters) - Royal Bank of Scotland said it had set aside 400 million pounds ($639 million) to cover potential fines for manipulating currency markets and another 100 million to compensate customers mis-sold loan insurance.
Keith Mullin senses a positive shift in the industry’s fixed income trading numbers.
Trading Asian credit need not necessarily be a fool’s errand, says Jonathan Rogers.
SwissInvest strategist Anthony Peters wonders whether the next crisis will be caused by ETFs.
Editor-at-large Keith Mullin asks: What about the over-capitalised banks?
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