Ernest & Young Report-Cash-in-the-barrell: Benchmarking and analysis of working capital management in the oil and gas industry
November 18, 2010--Benchmarking and analysis of working capital management in the oil and gas industry.
Source: Ernest & Young
US Tsy's Wolin: Committed To Implement Basel III 'On Time'
November 17, 2010--The U.S. is committed to applying Basel III standards "on time" and implementing tougher capital requirements on banks' trading books, all while it continues implementation of Basel II, U.S. Deputy Treasury Secretary Neal Wolin said Wednesday.
In prepared remarks to the London Stock Exchange, Wolin also welcomed the Financial Stability Board's work "to strengthen the intensity of supervision of the systemically important financial institutions" and the European Commission's proposals on central clearing of derivatives.
"We commend the European Commission's proposals on central clearing," Wolin said, stressing that derivatives should "reduce risk, not magnify it."
Derivatives regulation is one of the areas where global convergence is essential, he said.
read more Source: Marketnews.com
China and Europe rattle markets
November 16, 2010--Rising inflation in China and deepening financial turmoil in Europe rattled global markets, triggering widespread falls in both stocks and commodities on investor concerns of slower economic growth.
Major stock markets from Asia, Europe to the US were sharply lower on Tuesday, while European government bond yields ...
Source: FT.com
Bloomberg to launch water data and analysis service
Media giant adds to ESG service offering
November 16, 2010--Global media and data giant Bloomberg says it plans to launch a service focusing on water in early in 2011. "We ourselves will be launching a water service in the New Year,” said Michael Liebreich, chief executive of Bloomberg New Energy Finance.
Bloomberg New Energy Finance. Speaking at the presentation of the Carbon Disclosure Project’s new Water Disclosure project’s inaugural results in London, Liebreich cited the “very poor information” currently available on water usage. “Water is the next big challenge,” he said.
Source: Bloomberg
IMF Working paper -Do Credit Shocks Matter? A Global Perspective
November 16, 2010--Summary: This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of the G-7 countries.
We then evaluate the role played by credit market shocks using a series of VAR models. Our findings suggest that these shocks have been influential in driving global activity during the latest global recession. Credit shocks originating in the United States also have a significant impact on the evolution of world growth during global recessions.
view the working paper-Do Credit Shocks Matter? A Global Perspective
Source: IMF
IOSCO Publishes Final Report on Private Equity Conflicts of Interest
November 16, 2010--Executive Summary
In May 2008, IOSCO published a report identifying potential risks emerging from the private equity industry and outlining how IOSCO intended to address these risks. One of the key risks identified by this report was the potential for material conflicts of interest to exist among the parties involved in private equity sponsored transactions.
In light of this the report recommended that further work should be carried out to fully identify those conflicts of interest risks which are particular to private equity and to explore the extent to which these risks are subject to adequate methods of mitigation. This report provides a summary and the conclusions of the recommended follow-up work on conflicts of interest in private equity.
view the Final Report on Private Equity Conflicts of Interest
Source: IOSCO
SEC and CESR Members Announce Efforts to Continue Close Cooperation as National Securities Regulators Implement New Regulatory Reform Initiatives
November 16, 2010--The Securities and Exchange Commission and the Committee of European Securities Regulators (CESR) today convened a high-level meeting in Paris between SEC Chairman Mary L. Schapiro, CESR Chairman Carlos Tavares, and the chairmen of 29 CESR member regulators to discuss regulatory reform efforts in the United States and the European Union.
Securities regulators in both the U.S. and EU are currently crafting new and wide-ranging rules designed to address regulatory concerns that arose during the recent financial crisis. Today's discussions focused on a number of topics, including the regulation of over-the-counter derivatives and oversight of credit rating agencies and managers of hedge and private equity funds. The CESR and SEC chairmen also shared views regarding market structure issues, systemic risk, and issues relating to the convergence of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP).
Source: SEC.gov
Basel rules spark mitigation drives
November 15, 2010--With global reforms set to force banks to hold more capital against riskier kinds of financial assets, the world’s biggest investment banks have begun to embrace a new buzzword: mitigation.
The Basel III rules endorsed by the Group of 20 leading economies last week may be squeezing banks on multiple fronts.
Source: FT.com
October 2010 FIF Automated Trading Analysis Report – Executive Summary
Share volumes traded across Tape
A, B, and C increased 8% monthly
since September 2010 to 165
billion shares (see chart).
Share volumes in NYSE-listed
securities increased 14%
compared to September 2010 to
96 billion shares.
NASDAQ-listed securities traded
over exchange decreased 0.2%
since September 2010 to 42
billion shares
On October 15, 2010, BATS started operating its Y exchange platform.
NASDAQ launched its PSX trading platform on October 8, 2010
On July 19, 2010, Direct Edge started operating its EDGA and EDGX exchange platforms.
Source: Financial Information Forum
Twenty Developing Countries To Use Sun, Wind and Geothermal To Radically Reshape Citizens’ Energy Access
With support from the Clean Technology Fund, fourteen middle income countries -- Algeria, Egypt, Indonesia, Jordan, Kazakhstan, Mexico, Morocco, Philippines, South Africa, Thailand, Tunisia, Turkey, Ukraine, and Vietnam -- plan to radically rebalance their national energy portfolios by investing in renewables at a large scale, the CTF governing body was told in its meetings which concluded here on Friday. The CTF Committee welcomed the trend shown in the project pipeline laid out in the CTF operational report, which detailed a first round of renewables projects for a total of $2.4 billion to implement these plans, expected to finance around 4,255 megawatts with a potential to scale-up around 39,200 megawatts. view the CTF SEMI-ANNUAL OPERATIONAL REPORT
Source: World Bank
November 15, 2010--U.S. Equities Market Share
In Sep 2010, off-exchange trading
accounted for 32% of the shares
traded in NMS Equity Securities
with an average of 33.9% in 2010.
November 15, 2010--In a significant trend to rebalance energy services toward clean technology, twenty developing countries are investing in large-scale renewables, particularly solar, wind and geothermal services, as a robust source of energy access for their citizens. Just weeks before the global climate negotiating session in Cancun, this trend away from high-emissions sources and toward clean energy sounds a positive note for real climate-smart development.
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