- Need to do more to curb the odds of bank failures
- Resolution plan not enough to solve too big to fail
annatimone's Blog
Fed: Dudley speaks on regulation
Nothing on monetary policy or the outlook from the NY Fed President:
Cyprus Bans FX Firms From Accepting Non-EU Clients!
These days Cyprus has a tendency of getting the spotlight way more often it should. And Cyprus did it again! Cypriot regulator CySeC enacted a rule, which is effective immediately, that stipulates that brokers which operate under the CySeC license and as a result comply with MiFID rulings allowing them to attract clients from all over Europe, including Britain, will no longer be able to solicit business from any jurisdiction outside of the European Union. Obviously, the new ruling will ha…
Barclays: Friend or Foe?
You might have noticed that Barclays declared that they will raise capital, mainly through a 1 to 4 rights issue at a deeply discounted price. By itself, this announcement is pretty significant, but it brings to a head a `quiet war` that has been rumbling on since Barclays turned middle east towards salvation back in the dark days of 2008. The PRA (the newly formed regulatory arm of the Bank) has clearly set out its stall by insisting that levels of capital held by our banks should be (in simp…