New Developments 2012

January 17, 2012

GFMA’s Global FX Division Warns How Proposed Transaction Tax Would Affect FX Markets.

January 16, 2012

Market Making Under the Proposed Volcker Rule (Darrell Duffie, Stanford University Study).

FT Article: Egypt Asks IMF for $3.2bn Standby Facility.

FT Article: S&P Downgrades Eurozone Bail-Out Fund, EFSF.

Standard & Poor’s Downgrades the European Financial Stability Fund’s Long-Term Sovereign Credit Rating from AAA to AA+.

January 14, 2012

UK Faces Volcker Rule Clash (may require Telegraph subscription).

January 13, 2012

Ivory Coast Meeting Invitation to Creditors.

Standard & Poor's Downgrades the Long-Term Ratings on 9 EU Sovereigns (including downgrade of France from AAA to AA+).

CFTC Issues Final Order Amending Effective Date for Swap Regulation.

January 12, 2012

Financial Stability Oversight Council Study and Recommendations on Prohibitions on Proprietary Trading & Certain Relationships with Hedge Funds & Private Equity Funds.

January 11, 2012

Japan and Canada Have Issued Warnings on the Adverse Effect that the Implementation of the Volcker Rule, As Currently Proposed, is Likely to Have on World Fixed Income Markets (may require Financial Times subscription). 

January 6, 2012

Fitch Downgrades Hungary’s Long-Term Foreign Currency Issuer Default Rating from BBB- to BB+.

January 4, 2012

Holiday Schedule for EM Bond Trades for Martin Luther King, Jr. Holiday. 

January 3, 2012

EMTA Corporate Bond Forum, Sponsored by ING, to be Held in London on January 24, 2012. Click Here to Register.

Office of the Comptroller of the Currency, Treasury, Federal Reserve Board, FDIC and SEC Extend Comment Period on Dodd-Frank Act to February 13.

January 2, 2012

President Obama Signs New US Sanctions Targeting Foreign Banks Dealing with Iran - Cleary Gottlieb Memo.