United Kingdom (UK)
European parliament embraces Tobin tax
Lawmakers throw their weight behind Tobin tax on financial transactions; say global difference of opinion should not stop Europe implementing levy
The best of Highbreed
The best of Highbreed
Five-way collateralisation
Five-way collateralisation
Map of global banking network shows climb in contagion since late 1980s
Bank of England paper uses BIS banking stats to show potential for cross-border contagion has been rising for past two decades, reaching its apogee at the time of the Lehman Brothers’ collapse
iShares launches two sustainable ETFs on LSE
iShares launches two sustainable ETFs on LSE
Get back into risky assets this year, says BNP Paribas
Get back into risky assets this year, says BNP Paribas
UK structured products market grows 20% on back of increased risk appetite
UK structured products market grows 20% on back of increased risk appetite
Cut BoE’s vote on macroprudential body, say lawmakers
Influential parliamentary committee calls for Bank of England (BoE) executive directors’ votes to be transferred to external members, citing amount of power vested in central bank
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
BNP Paribas launches Russian stock dividend futures in London
BNP Paribas launches Russian stock dividend futures in London
FVC custom indexes
FVC custom indexes
Editor's letter: February 2011
Editor's letter: February 2011
BarCap launches UK retail structured fund
BarCap launches UK retail structured fund
Accountancies struggle to quantify true size of UK fraud in 2010
Firms differ on how big a threat fraud represents at the start of 2011
UK Banking Commission chief makes case for ring-fencing retail operations
Independent Commission on Banking chief John Vickers rules out “radical narrow banking” but says some separation between investment and retail banks could help
Market snapshot
Market Snapshot
Barclays’ Diamond argues case for universal banking
Barclays' chief executive Bob Diamond adamant bank’s model funds cheaper lending and is less risky
Stability objective should drive financial policy, says BoE’s Bailey
Bank's Bailey says stability goal must not be swayed by “murky compromises with other objectives”
Unrealistic pricing expectations impede development of longevity swap market
Price expectations have played a crucial role for the relatively small number of longevity swap deals that have so far been completed
Dutch pension funds take lead in LDI implementation
Survey indicates Dutch pension funds have all opted for LDI
Sants details new regulator’s approach
UK FSA’s Hector Sants says primary objective of new banking regulator will be to resolve failed institutions without disrupting financial system; outlines new risk model
Regulations rocked: UK industry argues for realistic labelling
Label with care
Market snapshot
Market snapshot
SG to start secondary marketing for exchange-traded autocalls
Societe Generale is about to start the sale in secondary of three exchange-traded autocallables listed on the London Stock Exchange in November.