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Category Archives: Politics

An overview of politics during an election year as it relates to the financial markets

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

Lead Stories Trump’s Threats Loom as China Weighs Opening to Wall Street, Tesla Bloomberg News China is said to consider giving foreign firms more access; Moves may be concession to U.S. before Trump visit in November Coincidence or not, China appears set to ease restrictions on foreign automakers and banks amid sustained pressure from U.S. President Donald Trump to open up its economy. https://goo.gl/gnQQKd Ex-Barclays chief to expand bank technology service into Asia; Antony Jenkins’ group gains Ping An backing for tech that allows faster customer data retrieval Emma Dunkley – FT Antony Jenkins, the former Barclays chief executive, is…

Asia Pacific Financial News from John Lothian News – September 11, 2017 Standard

Lead Stories Asia and the threat to global economic security Editorial Board, East Asia Forum The slow and uneven economic recovery from the global financial crisis has been a primary driver of the populist anti-globalisation backlash in the United States and parts of Europe. One consequence was the election of Donald Trump. Another was the divorce of the United Kingdom from the European Union. The election of President Trump has introduced huge global uncertainty into international economic policy at a time of major changes in the global balance of power, when stability and certainty are at a premium. https://goo.gl/SnZuXs Fee…

Asia Pacific Financial News from John Lothian News – September 5, 2017 Standard

Lead Stories Why a Chinese bid to buy Chicago Stock Exchange stirs security fears By Renae Merle in New – Washington Post In its heyday, the Chicago Stock Exchange helped introduce big-name American companies such as Marriott and IBM to investors. Now the 135-year-old Midwest institution could do the same for Chinese companies, after it agreed to sell itself to a group of investors led by Chongqing Casin Enterprise Group. https://goo.gl/d9ha2V China regulators target ‘systemic risk’ from money-market funds; New regulations could force Ant Financial’s $22bn money fund to lower yields Gabriel Wildau in Shanghai – FT China will impose…

Asia Pacific Financial News from John Lothian News – August 31, 2017 Standard

Lead Stories Markets Are About to Find Out What China’s Leadership Reshuffle Means Bloomberg News Twice-a-decade meeting, leadership reshuffle set for Oct. 18; Personnel moves and work report key for China market-watchers For most of the year, there’s been an oft-repeated refrain among China-watchers. Whispered in private meetings with clients or loudly spoken by confident brokers, it goes something like this: “Don’t worry about the economy or markets in 2017 — Beijing won’t let anything bad happen ahead of the Communist Party Congress.” https://goo.gl/A1NvSA India Financial Hub Slowly Recovers From Worst Deluge Since 2005 By Anto Antony and Ameya Karve…

Asia Pacific Financial News from John Lothian News – August 10, 2017 Standard

Lead Stories Former HK commodities exchange chief charged with conspiracy to defraud regulator: court Reuters Prominent businessman Barry Cheung, who founded the now-defunct Hong Kong Mercantile Exchange, appeared in a Hong Kong court on Thursday charged with conspiracy to defraud the securities regulator and fraud. https://goo.gl/AXG4vE SEC pushes back on Chinese-led takeover of Chicago Stock Exchange; After initially supporting deal, regulator delays approval of politicised transaction Don Weinland and Hudson Lockett in Hong Kong – FT The US Securities and Exchange Commission has delayed approval of a Chinese-led takeover of the Chicago Stock Exchange, the latest setback for an acquisition…

How Do You Save the Capital Markets? Standard

Kennedy Looks to Lead Market Revamp Kevin Kennedy is my new hero. The senior vice president and head of equity options, on stage at the Options Industry Conference last week, spoke about taking the lead on a new initiative to change the existing financial and regulatory structure for financial markets. And he urged the other exchange executives from the other four major options markets to join him. In today’s political environment, it takes courage for someone to stand up and say they want to fix the financial markets so they stay the envy of world capital markets.  And there is…

My Picks for CFTC and SEC Commissioners Standard

Despite repeated inquiries to knowledgeable industry players, there is little buzz about prospective new CFTC and SEC Commissioners outside of the chairmen. So if there is no buzz, then let’s create some of our own in time for the FIA Boca Raton International Conference.  I am going to give you my top ten potential candidates for each commission in alphabetical order. That they are on the list does not mean they would be willing to serve, but it does mean I believe they are eminently qualified to serve. I am also going to share with you honorable mentions. These are others…

CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture Standard

The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors.  CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also acting head of the Securities Investor Protection Corporation, chartered by Congress to help protect U.S. investors from brokerage…

The Black Swan – the new symbol of the United States of America Standard

  Yah baby, Yah! Dodd-Frank, gone. Clearing mandate, gone. Regulations, gone. Low interest rates, no problem. Volcker Rule, gone. Volatility, you bet. Bullish on the exchange sector, you bet. The American voters just unleashed the greatest gift on the world of trading we could have ever asked for. We will now have volatility at all times of the day and night. Binary contracts just became a big thing. Forget about market direction. You better learn to trade volatility. We just made the Black Swan the new symbol of the United State of America. Goodbye Eagle. You want some Twitter rants…