Initially thought of sharing my review on the Wolf of Wall Street today, but I do not wanted to break the series of the EMIR regulations that we ended up yesterday choosing the Trade repositories (TR). Now we stand at the point from the Question no.4 of yesterday’s post.
a) Choose a 3rd Party Provider, following your decision to delegate
b) Decide which TR you will connect to, if you will self-report
c) Liaise with your counterparties to find out their requirements, if you will delegate reporting to them.
Question 4: What are the criteria to be taken into account before choosing my 3rd Party Providers?
The 3rd Party Provider should help you adapt to the new workflow for Trade Reporting as it will serve as the go-between with TRs. Continue reading
I have always contagion on the negative terms as it has been evolving and spreading since the 2007.
Was observing the great Euro zone Yield convergence at Bloomberg from the FT dash-board –
…let’s not forget about one thing. We speak a lot about contagion when things go poorly, but I believe that there is also contagion, positive contagion, when things go well. And I think this is in play now. There is positive contagion. – Mario Draghi, ECB President
The Key Data Points
German 10-year Bund 5 bps higher; Continue reading
Mario Monti, the Italian Prime Minister who spared the euro zone’s third-largest economy from all of Dante’s circles of hell, its sure destiny under his predecessor Silvio Berlusconi. It is another Mario – Mario Draghi, president of the European Central Bank.
Mr. Draghi, who was the Financial Times’s Person of the Year and lauded pretty much everywhere else (eclipsing Canada’s Mark Carney, the next Bank of England governor, if you can believe that) made two bold moves that removed the crisis’s rough edges.
Economic relations in the euro zone amount to a game of chicken. Like car drivers aiming directly at one another, governments are challenging their counterparts to flinch first and give in. Unfortunately, the economic study of strategic behavior — also known as game theory — suggests that if you play chicken too many times, you will eventually crash the proverbial car.
Few months back I did a post Italy was in strong position according to the game theory Continue reading
Here are the focus where the financial geeks talking about these days:
- Everyone focused on November handle for Greek restructuring, Spain bailout request. Spain will ask for implicit rate cap according to local press.
- EU Summit Thursday and Friday – need details on fiscal plan including enforcement to make this credible.
- Citi being taken well at first… so was JPM. Continue reading