Corporate bond investors find themselves managing liquidity issues as bank trading partners shed their holdings in advance of tighter regulations. Canada joins in the LIBOR price-fixing hunt. The US hears strident objections from overseas regarding the impending Volcker Rule, along with strident objections and support inside the country as well. Paul Volcker tells offshore worriers, “Seriously, dudes, chill,” using a somewhat more complete vocabulary.
Tag Archives: LIBOR
John Lothian Newsletter: CFTC Requires Registration by Mutual Funds With Commodities; NYSE Euronext Chief Faces Up To Standalone Challenges; Eurozone dismisses Greek budget deal John Lothian Newsletter,Newsletter
The CFTC votes 4-1 to require commodity-including mutual funds to register with the agency. NYSE-E’s Duncan Niederauer faces a DB-less future, and surveys the coming challenges. In the latest episode of, “There Will Be Greece,” the Eurozone turns its back to the Mediterranean country’s latest budget cut package, calling it incomplete. In the top box, JLN Editor-in-Chief Jim Kharouf takes a swing at JLN Boss-of-All John Lothian’s opinion of CME Group’s CBOT Building deal; and John bids adieu to Jeremy Grant of the Financial Times (who is only moving to Singapore, not offworld).
John Lothian Newsletter: CBOE Holdings, Inc. Announces Reorganization and Names New Officers; Eurex Futures Exchange Gets New Trading System; Brokers suspended in Libor inquiry John Lothian Newsletter,Newsletter
CBOE Holdings provides details of a major internal reorganization of management roles. Eurex announces that since it won’t be merging with NYSE-Euronext, it will replace its trading engine at the end of 2012. The Libor price-fixing investigation continues, and brokers in London and Asia are suspended or fired as the inquiry deepens. In a fully-packed top box today, John Lothian shines a spotlight on MarketsReformWiki; he also takes aim at CME Group’s plans to sell the CBOT Building; Nicole Rohr has a piece about the upcoming Futures For Kids charity walk; and Sarah Rudolph provides a JLN Options interview with…