"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, September 3, 2011

ISDA Reviews Rules For When Default Insurance Should Pay Out


ISDA Reviews Rules For When Default Insurance Should Pay Out
Wall Street Journal
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The International Swaps and Derivatives Association has begun a process to update rules governing when buyers of swap protection against a debt default should be entitled to compensation, ...
ECB Doesn't Rule Out “PIIGS” Gold as Collateral for Gold Backed Eurobonds
Business Insider
Reuters recount how senior German lawmakers and politicians have advocated so called 'PIIGS' nations sell their gold to fund “bailouts”. Reuters says that the “demands ignore the fact that this gold is not the property of the PIIGS' governments to sell ...
Traders May Face Position Limits From EU on Naked Sovereign Default Swaps
Bloomberg
By Jim Brunsden - Fri Sep 02 15:32:16 GMT 2011 German Finance Minister Wolfgang Schaeuble and lawmakers in the European Parliament have called for the EU to ban naked credit default swaps on sovereign debt because of concerns that such activities ...
Corporate Default Swap Indexes Rise in Europe After Jobs Data
Bloomberg
By Abigail Moses - Fri Sep 02 12:49:56 GMT 2011 The cost of insuring against default on European corporate debt rose after a report showed employment in the US unexpectedly stagnated in August, adding to signs the global economic recovery is weakening. ...
Fanning the financial crisis: Has regulation missed the point?
Economic Times
The logic is that most Greek and other government debt is held by banks, so, if we let these countries default, the banks also will default and we will be back to November 2008. We are really being asked to bail out banks, in short, but - given that ...
Pennsylvania Capital Faces Limbo of Missed Payroll, Bond Default, Takeover
Bloomberg
By William Selway - Fri Sep 02 14:01:40 GMT 2011 Harrisburg's City Council has left residents of Pennsylvania's capital wondering what will become of their struggling community, one so broke it may miss payroll, skip bond payments and face a state ...
Intesa Sanpaolo CEO Rules Out Italy Default
Wall Street Journal
CERNOBBIO, Italy (Dow Jones)--Intesa Sanpaolo SpA (ISP.MI) Chief Executive Corrado Passera Friday ruled out the possibility of Italy defaulting and urged the government to swiftly pass its multi-billion-euro austerity plan. Speaking on the sidelines of ...
02/09/2011Germans fear financial crisis will get worse: poll
Expatica Germany
Four out of five Germans fear the current financial crisis will get worse, according to an opinion poll released Friday against a background of eurozone debt concerns and stock market turmoil. Some 80 percent of people interviewed for the poll released ...
Delhi may go dark from Wednesday as NTPC threatens blackout due to BSES ...
Economic Times
This is the first default by these companies. NTPC, which supplies 2051 MW or around 68% of required power to BSES utilities, will terminate power supply agreements with BSES companies on December 1 if the dues are not settled within 90 days. ...
Bob Graham Center hosts discussion on US financial crisis
University of Florida
will cover past, present and emerging fiscal crises at a time when the federal government and many state legislatures are grappling with mounting deficits and the risk of financial default. The event begins at 6 pm at Pugh Hall's Ocora and is free and ...
Kiwis feel unscathed by financial crisis - poll
Stuff.co.nz
A majority of Kiwis believe they have come through the global economic crisis relatively unscathed, despite rising food prices and sluggish economic growth. But women and older voters are much more likely to feel worse off than men and younger voters, ...
Corporate Bond Risk Rises in Europe, Credit-Default Swaps Show
San Francisco Chronicle
2 (Bloomberg) -- The cost of insuring against default on European corporate debt rose, according to traders of credit- default swaps. Contracts on the Markit iTraxx Crossover Index of 40 companies with mostly high-yield credit ratings increased 24 ...
Czech markets too small for Swiss-like safe harbour
Pakistan Daily Times
But with much fewer crown-denominated assets, persistent exposure to contagion from other emerging European states and close ties with the debt-troubled euro zone, the crown is still no Swiss franc. The Czechs may be bigger in terms of population - 10 ...
Parties and politicos default on rent dues
India Today
A right to information (RTI) reply has revealed that many political parties owe large sums in dues to the Delhi authorities. The Bharatiya Janata Party (BJP) owes about Rs 4.80 lakh in rent to the directorate of estates while the Communist Party of ...
Should Business Leaders Use Their Bully Pulpit?
ABC News
By MICHAEL ONO Warren buffett and Business leaders are fed up with Washington's gridlock that threatened a near default on the nation's debt earlier this summer. (Peter Foley/Bloomberg/Getty Images) Business leaders too are fed up with the Washington...
CMBS Delinquency Rate Recedes Sharply in August, Second Largest Decline Since ...
World Property Channel
This is the second largest drop since the beginning of the credit crisis in 2008 and the third time the rate has dropped in the past four months. Trepp reports that after a streak of bad  readings that lasted from late spring through summer, ...
Thales 5-year Credit Default Swap decreases 1.66 basis points falling for a ...
Military & Aerospace Electronics
Thales 5-year Credit Default Swap (HO.FR) fell 1.66 basis points (or 1.5%) to close at 109.25 basis points. The CDS fell for a third day on Thursday bringing its three-day fall to 5.01 basis points or 4.4%. A decrease in spread is a bullish signal. ...
Message of the Markets: Germany, Not PIIGS, Leading the Way Lower
Minyanville.com
By Tim Thielen Sep 02, 2011 12:00 pm Poor job numbers, government action against the big banks, and continuing concerns out of Europe have the equity markets on the decline today. The German stock market (shown here via the DAX) is showing more ...
Fiscal crisis: SD can either swim or sink
The Swazi Observer
He noted that on August 27 in Jackson Hole, IMF Managing Director Christine Lagarde stated that “two years ago it became clear that resolving the global financial crisis would require strengthening private sector finances which will allow engine growth ...
NPC facing EPF default allegation
Ceylon Daily News
Labour Ministry officials made submissions yesterday before the Colombo Fort Magistrate, alleging that the National Paper Corporation Limited has failed to credit over Rs 11.5 million to the Employees Provident Fund (EPF) from 2008 June to September. ...
Fukushima hotels face financial crisis as evacuees move into temporary housing
Mainichi Daily News
1 Nuclear Power Plant is facing a financial crisis once again. Kunugidaira Hotel in the Dake Hot Spring area temporarily closed after the March 11 earthquake and tsunami triggered a nuclear disaster at a power plant about 60 kilometers away, ...
The catastrophic implications of a Greek default | Protesilaos Stavrou
By Protesilaos Stavrou
The catastrophic implications of a Greek default ~ Opinion on EU politics and current affairs.
Protesilaos Stavrou
Global Financial Crisis: Central bank flight to Federal Reserve safety ...
The credit default swaps on these banks are very high and provide a risk gauge." The Bank for International Settlements says European and British banks have a dollar "funding gap" of up to $1.8 trillion ... The IMF was attacked as a Cassandra when it warned early in the credit crisis that debt write-downs would reach $600bn, yet losses have since reached $2.1 trillion. European banks are still struggling to access America's $7 trillion money market funds. Fitch Ratings said last week ...
The Zimbabwe Mail
ECB Doesn't Rule Out “PIIGS” Gold as Collateral for Gold Backed ...
From GoldCore ECB Doesn't Rule Out “PIIGS” Gold as Collateral for Gold Backed Eurobonds Gold and the Swiss franc are higher today as risk aversion has returned with global stock markets falling on concerns the US employment figure ...
eWallstreeter
Investors Back Majority Voting as Default Legal Standard ...
By Ted Allen
The Council of Institutional Investors (CII), which represents public, labor, and corporate funds, has urged two prominent lawyers' groups to support majority voting as the default legal standard for uncontested board elections. CII has written to ...
Governance
ECB Doesn't Rule Out “PIIGS” Gold as Collateral for Gold Backed ...
By admin
by Tyler Durden ZeroHedge.com 09/02/2011 Today, the President of the ECB, Jean- Claude Trichet did not rule out a gold backed euro bond in an interview with.
ECB Doesn't Rule Out “PIIGS” Gold as Collateral for Gold Backed ...
ECB Doesn't Rule Out “PIIGS” Gold as Collateral for Gold Backed Eurobonds :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. ... Gold's status as a finite monetary reserve makes it ideal collateral today especially with the risk of contagion in the Eurozone and wider global financial system. For the latest news and commentary on financial markets and gold please follow us on Twitter. SILVER Silver is trading at $42.45/oz, €29.78/oz and £26.19/oz. ...
The Market Oracle
Financial Crisis Is Too Big for Developed World to Cope, Ex-IMF ...
By blog@backwoodsessentials.com (Simple Man)
Financial Crisis Is Too Big for Developed World to Cope, Ex-IMF Head Says - Bloomberg: "The crisis threatening the global financial system exceeds the capabilities of developed nations and requires a new International Monetary Fund 'debt ...
BACKWOODS SURVIVAL BLOG
What Caused the Financial Crisis? Don't Ask an Economist
Four years after the financial crisis, economists still can't come to any agreement about the root cause.
www.thefiscaltimes.com/.../What-Caused-the-Financial-Crisis-...

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