FTSE hits a seven-week low as corporates suffer November 23, 2011 BRITAIN’S top share index fell yesterday, after downbeat data from China, Europe and the United States darkened the outlook for global growth and corporate earnings. London’s blue-chip index closed at its lowest level since 6 October, falling 67.04 points, or 1.3 per cent, to 5,139.76. The index has now fallen 7.3 per cent in November [...]
US slump worsens November 23, 2011 US stocks suffered a sixth straight day of losses yesterday as frustration over the Eurozone’s debt crisis, coupled with weak Chinese factory data, further dented investor sentiment. A weak German bond sale sparked fears the debt crisis was even beginning to threaten Berlin, with the leaders of France and Germany still at odds over a [...]
Plan your IT systems to avoid being left behind November 23, 2011 AS THE second phase of the Markets in Financial Instruments Directive (Mifid) takes shape, it reinforces the role of IT solutions in aiding institutions and brokerages to achieve compliance without losing their competitive edge. The original Mifid directive covered pre and post trade requirements for shares traded on regulated markets, but new regulations will go [...]
THE IMPORTANCE OF ENTERPRISE ARCHITECTURE November 23, 2011 OPERATIONS DIRECTOR FINANCIAL SERVICES , CISCO FINANCIAL services play a vital role in the UK economy in providing investment capital and mitigating risk against loss or catastrophe. But most financial services companies today would fail without having a robust IT technology platform to underpin their business processes and operations. Technology has always played a vital [...]
Turning regulatory big data requirements on their head November 23, 2011 ONE of the biggest changes that new regulations will bring in is an exponential increase in data storage requirements. And these volumes of data should not just be treated as a simple necessity for regulatory compliance. Data needs to be stored and it needs to be accessible. “If you don’t use all the data available, [...]
Build a path to navigate your way back to black November 23, 2011 It’s financial planning week – so take steps to economic security by setting a budget and making a habit of saving LARGE numbers of people in the capital face an uncertain future, particularly when it comes to their retirement. That’s according to the fourth annual financial planning survey, commissioned for UK financial planning week by [...]
Get ready for the fallout of euro breakup November 23, 2011 EVEN a matter of weeks ago, trying to get institutions to talk about back tested strategies for Eurozone breakup was like trying to get blood out of a stone. But now we have started to see this change. First came a report from Nomura, looking at the practical fall out of a collapse of the [...]
Five secret skills all chief executives need in order to flourish November 23, 2011 Distractions can trap many people leading companies – to execute successfully, diversions need to be eliminated OVER the past 35 years I have advised many chief executives and have identified many factors that make the extraordinary chief executives stand apart from the ordinary. However, there are five key secrets which are vital for chief executives [...]
FTSE slumps to seven-week low on further euro unease November 22, 2011 BRITAIN’S top shares index hit a seven-week closing low yesterday, led lower by energy stocks on worries slower US growth would crimp demand for crude while Commerzbank’s funding concerns hit Royal Bank of Scotland and Lloyds Banking Group. The US economy grew more slowly than previously expected in the third quarter, and the news hurt [...]
US slide continues for a fifth session November 22, 2011 US stocks fell for a fifth day in a row yesterday, having lost more than five per cent over that period as borrowing costs in Spain hit another record high. The market remains anchored by concerns about the worsening debt crisis in Europe where rising yields suggest the outlook continues to deteriorate and stocks have [...]