Europe will continue to drive markets in 2012.
FASB and the IASB are slowly refining the standard, but will it hit bank capital?
How to ease the chaos and confusion that these new tax laws will bring.
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Much as global markets want to forget about Europe, it will continue to drive markets in 2012. Add to this continued regulation pressures and more searching for returns
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Global banks will be ditch much of what they have done in the past to drive profit growth and become more focused on what works under new regulatory capital requirements.
At its pilot meeting, the ATPG discussed: 1) Offshore RMB Market and Opportunities; 2) Capital and Liquidity Management; 3) Dealing with Asia's Rules and Regs; and 4) Implementing eBAM in Asia.
FASB and the IASB are slowly refining the standard, but this more realistic accounting approach will hit bank capital—and could cause lenders to pull in their horns even more.
Getting treasury staff ready for new tax laws and providing support via tax, legal or human resources can ease the chaos and confusion these new laws will bring.
Treasurers should expect more whipsawing international flow patterns.
China's looking to emulate Western financial regs; but it's also trying to influence their creation, too.
Importance of locally sourced financing is demonstrated by banks' retrenchment.
ISDA, others advocate for two-way CSAs for deals between dealers and European sovereigns to free up liquidity.
No more leaning on reserves.
Bank reserves nearly exhausted; can't be used to boost profits. (WSJ)
Opposition split on Volcker Rule.
Signs of split among Volcker Rule's foes. (Reuters)
It's the opposition, stupid.
Geithner says Dodd-Frank opponents Add to uncertainty in financial markets. (Bloomberg)
World hates Volcker Rule.
Volcker Rule stirs up opposition overseas. (NYT/Dealbook)
Need better DFA impact study.
Exiting watchdog sees flaws in SEC's rulewriting. (Reuters)
Volcker casualty.
Citi to close prop trading desk. (NYT/DealBook)
Rules put banks on heels.
Banks warn rule change will hurt recovery. (FT)
Everything's OK.
Paper predicts the coming resolution of the European crisis. (Vox)
EU warns on Volcker.
EU Volcker Rule could discourage banks from trading European sovereign bonds. (WSJ)
It's complicated.
Trying to define the Volcker Rule is tough. (Politico)
Volker Rule changes must wait.
Congressman says Volcker Rule changes in congress will have to wait. (Bloomberg)
Bleak outlook for banks.
Banks face a perfect storm that is getting worse. (FT)
Obama plan to pay for refis.
Obama pushes proposal to streamline refinancing for homeowners. (Bloomberg)
Volckerization will hurt liquidity.
Securitized debt more at risk from Volcker Rule. (Bloomberg)
FINRA, SEC to get closer.
FINRA chief sees closer ties with SEC. (Reuters)
Germany, France for easier Basel III.
France and Germany are to call for a relaxation of global bank capital rules. (FT)
Leave MMFs alone.
Big business to SEC: Lay off money funds. (Investment)
Volcker Rule hurts options.
NYSE Executive: Volcker Rule poses threat to options markets. (WSJ)
Banks' Europe exposure hazy.
Picture incomplete on US bank exposure to Europe. (Reuters)
Moody's to cut banks.
Moody's warns it will likely cut big bank ratings. (Reuters)
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