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Category Archives: JLN Subgroups

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Asia Pacific Financial News from John Lothian News – November 29, 2017 Standard

Lead Stories India Restores Faith in Capitalism; Handling bankruptcies right is key to reviving the credibility of India Inc. By Mihir Sharma – Bloomberg According to one of India’s most respected bankers, it’s a once-in-a-lifetime opportunity — a mammoth sale of distressed assets, some $40 billion in the first round. Much could go wrong, of course, especially given that so many powerful interests have so much money at stake in the process. Fortunately, Prime Minister Narendra Modi’s government, which has stumbled in some of its biggest policy moves recently, appears to be handling this particular challenge with both agility and…

Other Voices: An Open Letter on Bitcoin Futures Standard

A lot of ink has been spilled over bitcoin and its variants. Lately, the conversation seems to be focused on whether trading bitcoin futures is a good idea. For what it’s worth, my view is that it isn’t a good idea – it’s a great idea.  Consider the following;  The futures industry exists to facilitate the transfer of risk. What asset (if that is what bitcoin is) could be more in need of risk management tools? Applying rigorous risk management to bitcoin can only help stabilize and legitimize crypto-markets.  Bitcoin and all of its variants can benefit from some supervision….

Asia Pacific Financial News from John Lothian News – November 28, 2017 Standard

Lead Stories Banks invited to work on Great Wall’s $2bn Hong Kong float; Asset management company tasked with cleaning up China’s bad debt plans IPO for 2018 Don Weinland in Hong Kong – FT China Great Wall Asset Management has asked banks to pitch for work on a Hong Kong initial public offering that is expected to raise at least $2bn for the company tasked with cleaning up China’s bad debt. https://goo.gl/CkHtMW Behind Abe’s Biggest Reform Win, Old Japan Inc. Culture Lives On By Keiko Ujikane and Takako Taniguchi – Bloomberg Some stock buybacks are linked to companies’ foundations; ‘Isn’t…

Asia Pacific Financial News from John Lothian New – November 27, 2017 Standard

Lead Stories Time for ‘Asia-first’ thinking as the US and Europe question financial regulations South China Morning Post Andrew Sheng says that Asian economies should take a hint from ‘America first’, plus European doubts over Basel III, and tailor financial regulations to meet regional realities rather than believing that ‘West is best’ https://goo.gl/gzU4mF Brussels rattled as China reaches out to eastern Europe; Concerns Beijing’s closer ties with EU’s poorer nations will influence bloc’s policies James Kynge in London and Michael Peel in Brussels – FT In Hungary it is hailed as the “Eastward Opening”. Serbian authorities see it as the…

Asia Pacific Financial News from John Lothian News – November 22, 2017 Standard

Lead Stories Asian American Executives Are Missing on Wall Street; The group makes up less than 15 percent of upper management at four of the biggest U.S. banks Laura Colby – Bloomberg Asian Americans get hired at a much higher rate than their proportion of the general U.S. population but that doesn’t mean they’re climbing the executive ranks at the same pace. Across corporate America, Asians make up 12 percent of professionals and 5 percent of executives, according to Equal Opportunity Commission data. In finance, four of the biggest U.S. banks have less than 15 percent of their Asian workforce…

Asia Pacific Financial News from John Lothian News – November 21, 2017 Standard

Lead Stories Wealthy Asian Buyers Scoop Up Trophy Properties in London; Private investors from China, Hong Kong often price out institutions, and cash-only bids keep U.K. lenders on the sidelines By Olga Cotaga – WSJ The ever-growing appetite among rich Asians for trophy assets in London is leaving some institutional investors on the sidelines https://goo.gl/ATsqAf Asia’s Richest Banker Spots a Once-in-a-Lifetime Opportunity By Anto Antony , George Smith Alexander , and Candice Zachariahs – Bloomberg Sovereign wealth and pension funds also interested, Kotak says; Bankruptcy court process, deep discounts are key attractions For India, it’s a $207 billion mess, a…

Asia Pacific Financial News from John Lothian News – November 20, 2017 Standard

Lead Stories China Looks to the Dumb Money for Its Financial Industry; A slowing economy suggests the sector is under strain and needs help. By Noah Smith – Bloomberg China is opening its financial firms to more foreign ownership. The opportunity might seem tempting. But developed-world buyers should beware — it’s possible that it’s a trap. https://goo.gl/tqTq6J Xi’s China will only showcase illiberalism and dogma; No real deleveraging and 2018 will probably see more monetary easing to assuage markets George Magnus – FT The Chinese Communist party’s 19th Congress continues to shape the way we think about China, policymaking and…

The Industry Discusses Potential Changes to Dodd-Frank Standard

At the 33rd Annual FIA Futures and Options Expo in mid-October, John Lothian News spoke with a variety of industry participants about upcoming milestones and trends in financial markets. This seventh and final video in the series addresses the recent efforts by the CFTC to take commentary from the industry regarding potential changes to Dodd-Frank. In this video, Julie Winkler, chief commercial officer with CME Group, Gary DeWaal, special counsel with Katten Muchin Rosenman, Ben Morof, chief compliance officer for Teza Capital Management and Carl Gilmore, president of Integritas Financial Consulting talk about some potential improvements.

Asia Pacific Financial News from John Lothian New – November 17, 2017 Standard

Lead Stories Asia’s Cities Could Save the Planet; New urbanites need greener buildings to live and work in By The Editors – Bloomberg The world’s cities will add 2.5 billion more residents by 2050, more than half of them in Asia. The effect of this great migration on climate change will depend in part on what kind of homes, factories and office buildings they live and work in. https://goo.gl/rDffcJ China’s Central Bank Turns on the Taps, Stemming Slump in Bonds Bloomberg News Authorities may have judged selloff as too quick: StanChart; Sovereign debt yield, benchmark money rate both decline China’s…