From Prussia with love: an undercover bond market June 6, 2011 THE demand for covered bonds has been on a steady rise for the last decade. It’s a trend driven both by institutional investors looking to their perceived safety compared to traditional forms of securitisation and their use as collateral in the shoring up of Eurozone credit operations. Covered bonds are typically seen as especially safe [...]
A SECURITISATION COMEBACK GATHERS PACE IN EUROPE June 6, 2011 DURING the global financial crisis, Europe’s securitisation market effectively shut down. But since January there has been a flurry of new issuance, across an ever-widening array of asset classes, some of which had been dormant for years. While the early stages of recovery in 2010 were marked by a narrow focus on transactions backed by [...]
Future of UK covered bond regulations June 6, 2011 EARLIER in the year, HM Treasury and the FSA published a joint consultation paper reviewing the UK’s regulatory framework for covered bonds. The consultation paper proposed new measures which aim to provide greater transparency for investors and to increase the visibility of regulation. The paper proposed new measures relating to regulatory reporting, segregating asset types, [...]
Five ways you can keep your trades in gear June 6, 2011 BEING able to leverage your position opens up the possibility for greater trading profits. Of course, on the flip side, being leveraged exposes you to losing more than your initial stake. However, help is at hand. If you follow some strict rules you can avoid blowing yourself straight up – giving you time to get [...]
THE TIPSTER June 6, 2011 AFTER a dramatic fall, the silver price has been recovering. The price held up at $32.30 per ounce and moved back upward. However, we now seem to be stuck in a range between the 50 and 100-day moving averages. Economic fears will continue to see precious metals in focus. Alpari UK is currently quoting silver [...]
There could be baa-bad news for retailers afoot June 6, 2011 DE-BLEAT-ING sheep numbers across the globe could have traders flocking into short positions on retail stocks later this year. Wool hit a 23-year high last week. Clothing retailers were decrying the increase yesterday, speculating on how long they can absorb the cost. The UK managing director of Hugo Boss Bernd Hake said that they would [...]
GLOOMY JUNE DATA NOT ALL DUE TO JAPAN June 6, 2011 WELL, that was a poor start to the new month. Last week saw the release of a stack of economic numbers from around the globe, the majority of which were significantly weaker than expected. The US data were particularly disappointing as the Chicago PMI, consumer confidence, S&P/Case Shiller house price index, vehicle sales, ADP employment, [...]
Barbershop Quartet: Four slick groomers June 6, 2011 It stands to reason that if you’re going to sport one of the finest suits money can buy, you’ll want the rest of your appearance to be up to scratch as well. To that end, in a recent revamp of its No 1 Savile Row premises, tailoring giant Gieves & Hawkes has become host to [...]
Why there may be no escaping the cyber war June 6, 2011 The cyber war has begun. Sony has been repeatedly punched in the face by hackers and now President Barack Obama says any more attempts to pry into the emails of his staff will be treated as an act of military aggression. (At this stage it’s probably best to ignore the fact that the US’ track [...]
Ipsos confirms Synovate interest June 6, 2011 Exclusive by Steve Dinneen IPSOS has confirmed to City A.M. it is officially in talks to buy the £500m rated Synovate division of Aegis. Top executives, including co-President Didier Truchot, decided at a crunch meting in Paris yesterday to proceed with negotiations over the market research unit. Aegis yesterday confirmed to the market it has [...]
