| August 07, 2017 | "Irreverent, but never irrelevant" | | | | John Lothian
Publisher
John Lothian News | |
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Hits & Takes
By John J. Lothian
Gary Flagler has a new job. He is now Head of International Business Development, Derivatives consulting for Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV), also known as Grupo BMV, a 122-year-old company and one of Mexico's premier financial institutions, headquartered in Mexico City, Mexico.
He will be working with Mexder and Asigna, Compensación y Liquidación F/30430 Fiso Bancomer SA, MexDer's local scale rating AAA--rated clearinghouse. Gary will give them the presence in the U.S. they greatly needed. ~JJL
The latest Financial Data for FCMs from the CFTC is available. ~JJL
Fox News personality and former NYMEX trader Eric Bolling has been suspended by the network pending an investigation into Brett Favre-like foibles. Interestingly, Bolling is from Chicago originally, graduated from Loyola Academy and was drafted by the pro-baseball team the Pittsburgh Pirates.~JJL
Jim Kharouf is back from vacation.~JJL
If you are so inclined, like us on Facebook. We regularly post JLN original content to our Facebook page.~JJL
Or, follow us on Twitter at https://twitter.com/JohnLothian in order to see all the headlines we think are important or at least interesting.~JJL
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Volcker; Spoofing; Distributed Ledger; New Commissioners
Gary DeWaal - Bridging the Week
One regulator formally began accepting comments to amend its requirements under the Volcker Rule - but it cannot act alone! Separately, staff of the Commodity Futures Trading Commission recommended that one designated contract market improve its trade surveillance program. The Commission's Division of Market Oversight criticized the DCM for not routinely monitoring for spoofing activity until after the period of DMO's review.
jlne.ws/2vFmTjC
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Rebranding in Three Easy Steps - Brian Cassin
Education.MarketsWiki.com
"Your brand is what people say about you when you're not in the room."
In this video from MarketsWiki Education's World of Opportunity event in New York, Brian Cassin, head of product and strategy with Vela Trading Technologies, breaks down the three steps in rebranding a company. Cassin uses Vela as a case study when going through the importance of rebranding, as Vela is the result of the Wombat and SR Labs tie-up. Cassin says timing is everything, but having a clear message for customers is equally important. The most critical thing to remember is how to make sure your corporate brand can intertwine with your personal brand.
Read the rest and watch the video »
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The warnings from history that Wall Street ignored; By August 2007 the financial system was in grave danger
John Authers -FT
After the credit crisis began to unfold in the summer of 2007, many on Wall Street and in the City of London complained it was unprecedented and had been impossible to see coming. They were wrong. Speculative bubbles are rooted deep in human nature, and have been widely studied. History's most famous bubble took root in the Netherlands almost four centuries ago  for tulips.
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**** John Authers is one my my newest FT heroes now that Jeremy Grant has moved to PwC.~JJL
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The Secret to Happiness Is Helping Others; 6 tips to living a life with purpose and meaning
Jenny Santi - TIME
There is a Chinese saying that goes: "If you want happiness for an hour, take a nap. If you want happiness for a day, go fishing. If you want happiness for a year, inherit a fortune. If you want happiness for a lifetime, help somebody." For centuries, the greatest thinkers have suggested the same thing: Happiness is found in helping others.
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***** Don't make happiness a secret. Help someone else and pass it on. ~JJL
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Former Facebook exec paints a grim picture of where the U.S. will be in 30 years
By Shawn Langlois - MarketWatch
'It could get ugly. There could be a revolution'
The trendy notion among some of the world's best and brightest: The robots are taking over. Elon Musk is worried about it. So is Microsoft's Bill Gates. And professor Stephen Hawking too.
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***** OK, I was happy there for a minute, and then this? ~JJL
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Friday's Top Three
Last Friday's top read stories were led by Bloomberg's piece How Two Brothers Turned Seven Lines of Code Into a $9.2 Billion Startup. Second was a tech announcement from Austin-based S3 on S3 Partners adds Black App to Thomson Reuters Eikon App Studio from Reuters. And third went to the Reuters announcement about the Senate confirmations for CFTC commissioners Chris Giancarlo as CFTC chairman, Republican Brian Quintenz and Democrat Rostin "Russ" Behnam in Senate votes to confirm slate of three CFTC commissioners
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MarketsWiki Stats
105,660,101 pages viewed; 22,660 pages; 207,585 edits
MarketsWiki Statistics
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| Sponsored Content |
Celebrating first anniversary of new trading platform
The New J-GATE brought not only new functionalities but also extended trading hours and new products including TSE Mothers Futures. Its retail participation is increasing steadily, and its trading volume jumped and marked new records. See what else has changed since the launch!
Sponsored content from:
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| Lead Stories | Trillions in Stock and Derivative Trades at Risk Over New EU Rules
By Silla Brush - Bloomberg
EU working on equivalence decisions for law's Jan. 3 start; Ashurst's Cant says rules could result in 'fortress Europe'
Trading in blue-chip stocks and trillions of dollars of derivatives could be thrown into turmoil by the European Union's MiFID II regulatory overhaul unless the bloc acts fast to give financial firms full freedom to transact in foreign markets.
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LME chief plots evolution not revolution at metal exchange; Chamberlain considers reining in high-frequency traders as part of bourse shake-up
Neil Hume, Commodities and Mining Editor - FT
Three days after he was appointed chief executive of the London Metal Exchange in April, Matt Chamberlain kicked off a debate about its future.
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Regulators' Penalties Against Wall Street Are Down Sharply in 2017; Business-friendly shift under President Trump is only one factor, as enforcement actions from the financial crisis wind down
By Jean Eaglesham, Dave Michaels and Danny Dougherty - WSJ
Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump's presidency than they did during the first six months of 2016, a comparable period in the Obama administration, according to a Wall Street Journal analysis.
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The Morgan Whale That Got Away; Bankers haven't gone to jail because they haven't committed crimes.
The Editorial Board - WSJ
Politicians and journalists have made careers of lamenting that too few bankers have been convicted of crimes. They overlook that, at least in America, to prove a crime you have to have enough evidence and that a mistake is not necessarily criminal. A case in point is the government's recent decision to drop all charges against two of J.P. Morgan Chase's former traders in the London Whale trading bust.
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RBS Says Government Starting to Worry About Post-Brexit London
By Stephen Morris - Bloomberg
Davies says BOE demand for contingencies spurred politicians; Hammond has led shift in cabinet toward transition period
Royal Bank of Scotland Group Plc Chairman Howard Davies said banks' dire warnings about Brexit are finally getting through to the British government.
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Thesys Technologies Expands Market Structure Technology Platform for Broker-Dealer Regulatory
PRNewswire
Thesys Technologies, LLC, the leading big data provider and technology subsidiary of Tradeworx, Inc, announced today it is expanding its Market Structure Technology platform offering to broker-dealers for regulatory reporting and compliance solutions.
jlne.ws/2vAqpfU
Amsterdam shines as financial groups seek EU access; Dutch city's infrastructure and skilled workforce are a big attraction
Philip Stafford, Emma Dunkley and Jim Brunsden - FT
Amsterdam is emerging as one of the beneficiaries as banks and traders search for a new base to access the EU when Britain leaves the bloc in 2019.
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Paris Aims to Overtake Frankfurt in Race for Brexit Bank Jobs
Geraldine Amiel, Caroline Connan and Francois de Beaupuy - Bloomberg
France will be 'the place to be, not just for Mr. Neymar'; Finance Minister Le Maire says Paris will beat Frankfurt
Connan in Paris, in his First international television interview since the election of
Finance Minister Bruno Le Maire said Paris will beat Frankfurt to become the European Union's main financial center after Britain leaves, even as he acknowledged that the French capital is playing catch-up.
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As Bigwigs Exit Commodities, a Metals Hedge Fund Plans Its Launch; London-based Arion Investment Management's Raptor Commodities Fund to focus on arbitrage trading
Stephanie Yang - WSJ
Even as some heavyweights leave the world of commodities trading, one fund sees opportunity in trying to spot inefficiencies in the market.
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Fears grow at UK companies over political risk surrounding Brexit; More than two-thirds of FTSE 350 groups in Bellwether survey predict economic decline
Sarah Gordon, Business Editor - FT
Boards at the UK's largest public companies have become more worried about political risk after the June general election and as they face continuing uncertainty over the post-Brexit trading environment, according to research to be published on Monday.
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The global financial crisis 10 years on: A timeline of the global events that shaped the crash from the credit crunch to the recession and beyond
Jasper Jolly - City A.M.
Ten years ago this week the credit crunch started to bite. Take a look back at the global events that shaped one of the biggest recessions in history.
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| Exchanges, OTC & Clearing | | Top news from exchanges, clearing, settlement and trade execution facilities | CME Group Announces First Trades of New Australian Wheat FOB (Platts) Futures
CME
CME Group, the world's leading and most diverse derivatives marketplace, today announced the first trades of the Australian Wheat FOB (Platts) futures contract, that launched on 24 July 2017. The trade that took place on 3 August 2017 was brokered by SCB Group. A total of 60 futures contracts, equaling 3,000 metric tons, were traded.
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CBOE posts sales and profit jump despite low volatility
Nicole Bullock - FT
The acquisition of Bats Global Markets last year helped boost net revenue at CBOE Holdings by 85 per cent during the second quarter compared to the year ago period.
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The options industry is on the cusp of something very big
Created for Nasdaq
Nasdaq is constantly on the look out for the next sector of growth, and executives at the exchange believe they'll find it in the options market.
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Changes of Designated Securities for Short Selling
HKEX
The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), announces that with effect from 11 August 2017 (Friday), 42 additional securities will be eligible for short selling and 47 existing designated securities will be removed from the list. The total number of designated securities for short selling will be 934 after the revision.
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SGX reports market statistics for July 2017
SGX
Securities: Total Securities market turnover value was at S$25.5 billion, up 14% month-on-month (m-o-m) and up 21% year-on-year (y-o-y), over 21 trading days. There were 21 trading days in June 2017 and 20 in July 2016.
Derivatives: Total Derivatives volume was 14.2 million, down 9% month-on-month (m-o-m) and up 10% year-on-year (y-o-y).
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Dislocation policy: LCH exodus risks CCP basis blow-out; Questions about post-Brexit status of UK CCP could spark mass migration - and severe volatility
Luke Clancy, Duncan Wood - Risk.net
London's banks are on the move. Unwilling to wait for clarity on the terms of the UK's exit from the European Union, they are choosing new homes for their regional businesses - decisions that have been taken in the middle of a media scrum.
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Periodic Review of "JPX-Nikkei Index 400" and "JPX-Nikkei Mid and Small Cap Index"
JPX
The periodic review of the JPX-Nikkei Index 400 and the JPX-Nikkei Mid and Small Cap Index, jointly calculated by Tokyo Stock Exchange, Inc. and Nikkei Inc., has been conducted as follows.
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First Anniversary of the New J-GATE
JPX
It is one year since the New J-GATE was launched on July 19, 2016. In addition to new functionalities, the New J-GATE brought investors new products and longer trading hours.
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| Fintech | | A roundup of today's market tech news and a look at tomorrow's disruptors | NEX Optimisation expands Harmony messaging network for MIFID II
NEX
NEX Optimisation announces today that it has enhanced its existing messaging services to help clients prepare for the 3 January 2018 MiFID II go-live.
NEX Optimisation has extended Traiana's Harmony messaging network to enable participants to exchange additional information to assist with meeting a number of regulatory obligations under MiFID II. This includes support for data elements associated with transparency, transaction reporting, venue execution, instrument and entity identifiers, timestamps, OTC post-trade indicators and unbundling of research and execution fees.
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Bitcoin cash may be a house of cards that comes crashing down
Frank Chaparro - Business Insider
Bitcoin cash came onto the scene on Tuesday following a much-anticipated fork in the bitcoin blockchain, and is the fourth largest cryptocurrency by market cap; But its price and high market cap might be the result of some technical issues underpinning the coin's infrastructure.
Bitcoin cash has the third largest market cap of any alternative cryptocurrency just three days after coming onto the scene. But it's price may be inflated because of some technical issues underpinning the new coin.
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Bitcoin exchange operator arrested amid new questions about Mt. Gox theft
BY JAKE ADELSTEIN - Japan Times
Ever since Tokyo-based bitcoin exchange Mt. Gox filed for bankruptcy in February 2014, investigators have been puzzled by the disappearance of virtual currency worth hundreds of millions of dollars from its digital vaults.
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Fintech Kantox raises £4.6 million from investors as it targets profitability
Oscar Williams-Grut - Business Insider
Foreign exchange fintech company Kantox has raised £4.6 million from its existing investors as it aims for profitability.
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Bitcoin Soars to Record as Buyers Look Beyond Miners' Split
By Justina Lee - Bloomberg
Price of the new Bitcoin Cash plunged over the past week; Buyers look to activation of SegWit2x to resolve issues
Bitcoin extended gains to a record, ignoring a split in the cryptocurrency over its future.
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Linedata buys Honk Kong outsourcer to target Asian markets; Asian acquisition follows hot on the heels of US deal to widen firm's geographic footprint.
By John Bakie - The Trade
Financial technology specialist Linedata has acquired Hong Kong outsourcing provider Quality Risk Management & Operations (QRMO).
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Colt, Equinix to deliver secure cloud service to enterprises; Organisations will be able to interconnect the Colt IQ Network with Equinix's cloud ecosystem
By Aasha Bodhani - ITP.net
Colt Technology Services and Equinix have entered into a partnership that will see enterprises benefit from secure, high bandwidth connectivity to cloud services.
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| Politics | | An overview of politics as it relates to the financial markets | While big bills have failed, Wall Street sees opportunity in Trump's massive deregulation movement
Thomas Franck
Trump has said he wants to gut as much as 75 percent of all government regulations throughout his time in office; Morgan Stanley analysts estimated that Treasury Department's deregulation ideas alone could increase financial companies' earnings by more than 15 percent; Telecom companies are likely to benefit, both in the removal of so-called net neutrality and the Department of Justice's "considerable influence" over merger policy.
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An influential US Senator is worried about the stock market getting hacked
Matt Turner - Business Insider
Senator Mark Warner (D-Va) is worried about cybersecurity threats to the US securities market.
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GOP Effort to Overturn Arbitration Rule at Risk From Republican Defectors; Senate plans vote when it returns from recess, but some Republicans are undecided about nullifying CFPB rule
Andrew Ackerman - WSJ
A Republican-backed effort to overturn a rule making it easier for consumers to sue banks has hit a snag: the Senate.
/goo.gl/tXchDJ
Donald Trump warned against firing US special counsel; Bipartisan Senate action threatened if Robert Mueller is removed
Barney Jopson in Washington -FT
Donald Trump is being warned by lawmakers that if he fired Robert Mueller, the special counsel investigating Russian election interference, Congress could strike back by reinstating him.
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MEPs seek tougher rules on London euro clearing after UK quits EU; European Parliament set to debate possible relocation of prized business after Brexit
Jim Brunsden in Brussels - FT
The European Parliament is preparing to toughen EU plans to police London's euro clearing business after Brexit, raising the risk that the UK might lose the lucrative activity.
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| Regulation & Enforcement | | For more regulatory, visit MarketsReformWiki, our website focused on current market reform efforts. | PwC to pay $1 million to settle Merrill Lynch audit complaint
Sarah N. Lynch - Reuters
Accounting company PricewaterhouseCoopers LLP will pay $1 million to settle a civil complaint alleging it conducted a flawed audit into Merrill Lynch's compliance with federal brokerage customer protection rules, U.S. audit watchdogs said on Wednesday.
/goo.gl/AaL9zL
Securities and Exchange Board of India Announces Committee Dedicated to Fintech
Crowdfund Insider
Securities and Exchange Board of India (SEBI) announced this week the launch of a new committee dedicated to financial and regulatory technologies. This news comes less than six months after the organization revealed plans for the committee. During Internet and Mobile Association of India (IAMAI)'s 11th Digital India Summit in New Delhi, SEBI's U.K. Sinha, reportedly stated in February:
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Looser bank regulation will do shareholders no favors: James Saft
James Saft - Reuters
The Trump administration's vision of a rollback in banking regulation isn't just dubious medicine for the economy, it will do shareholders no favors.
/goo.gl/MHAEgq
Regulators' Penalties Against Wall Street Are Down Sharply in 2017; Business-friendly shift under President Trump is only one factor, as enforcement actions from the financial crisis wind down
By Jean Eaglesham, Dave Michaels and Danny Dougherty - WSJ
Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump's presidency than they did during the first six months of 2016, a comparable period in the Obama administration, according to a Wall Street Journal analysis.
/goo.gl/ou3bhf
Meet the woman who prosecuted one of the biggest Ponzi scheme in history
By John Aidan Byrne - NY Post
The biggest Ponzi scheme on record, before Bernie Madoff was charged with duping investors out of $50 billion, was in the mid-'90s  and former law enforcer Alma Angotti was on the case.mAngotti was a senior enforcement counsel at the Securities and Exchange Commission when the Bennett Funding scandal exploded into public view.
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ASIC warns customers about scam emails
ASIC
The Australian Securities and Investments Commission (ASIC) has again warned its Registry customers to be vigilant of scam emails purporting to be from ASIC.
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ASIC extends partnership for digital investigation and analytics software
ASIC
The Australian Securities and Investments Commission has extended its partnership with Australian software company Nuix following a competitive tender process.
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Tradeweb's Mifid bilateral trading plans draw fire; New process will class privately executed trades as on-venue to satisfy trading obligation
Samuel Wilkes - Risk.net
Platform operator Tradeweb is developing a process that will allow market participants to continue executing over-the-counter derivatives bilaterally once Europe's new trading rules come into force next year. Non-bank market-maker Citadel, however, believes the plans exploit a loophole that circumvents international efforts to move trading of standardised derivatives onto trading venues.
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| Investing & Trading | | Today's top stories from equities, indices and FICC (fixed income, currencies and commodities) | World's Top Stock Market Is Really Just a Handful of Top Stocks
By Kana Nishizawa - Bloomberg
Tencent, HSBC, AIA dominate Hang Seng Index gains this year; Volatility in popular shares rises as Chinese investors buy
Among the world's biggest stock markets, there haven't been any better investments this year than Hong Kong's Hang Seng Index.
/goo.gl/N5HGTQ
The Market Really Is Different This Time
Jason Zweig - WSJ
The market has hit Dow 22000 not because of the individual investors Wall Street calls "the dumb money" but in spite of them.
Over the past month, small investors have pulled $17 billion out of U.S. stock mutual funds and exchange-traded funds and added $29 billion to bond funds. That's the latest leg of a long-term trend: Since the internet-stock bubble burst in 2000, investors have withdrawn half a trillion dollars from U.S. stock mutual funds.
jlne.ws/2vAhUla
Vanguard breaks ranks to pay for analyst research; Fund giant heaps pressure on rivals by covering research costs under Mifid II rules
Madison Marriage - FT
Vanguard has become the first large US asset manager to decide to stop charging investors for analyst research ahead of new European rules that will radically transform how banks, brokerages and fund managers interact.
/goo.gl/GWSogP
Amazon economy helps explain paradoxes facing investors; Outlook of expensive stocks and bonds contrasts with an ever angrier populace
John Authers - FT
The paradoxes of the US continue. This week brought the following: further all-time records for the US stock market; renewed warnings from the former Fed chairman Alan Greenspan that bonds are in a bubble that is bound to burst; yet another positive report on the US jobs market that showed employment rising; and amid all of this, a further fall in confidence in President Trump.
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A Mortgage Mystery: What Happens to ARMs When Libor Goes Away?; Many adjustable-rate mortgages are pegged to Libor. What comes next is anyone's guess.
By Christina Rexrode - WSJ
The Libor index is going away. For U.S. consumers, its demise is most likely to be felt in adjustable-rate mortgages.
/goo.gl/A3j4vh
Financier Behind Hedge-Fund Failures Is Declared Bankrupt; The process of tracing and realizing Gregory King's assets for the benefit of his creditors can now begin
Laurence Fletcher - WSJ
A Scottish businessman behind one of Europe's biggest hedge fund failures has been declared bankrupt in a Gibraltar court after failing to repay investors millions of dollars.
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| Banks, Brokers & Managed Funds | | The latest from banks, brokers, hedge funds and managed futures | Bankers' pay closely tied to deregulation; Financial Times columnists pick their charts of the credit crisis on the decade anniversary
Gillian Tett in New York - FT
Banking sector pay is a topic that arouses political passions, but it is also a good barometer of what has been happening in finance over the past century.
/goo.gl/VUaGbQ
Australia's Largest Bank Breached Money-Laundering Law, Regulator Says; Agency files lawsuit alleging Commonwealth Bank failed in obligation to report large cash transactions, suspicious patterns
Robb M. Stewart - WSJ
Australia's financial-intelligence agency accused the nation's biggest bank of failings it said may have opened the way for money laundering and financial crime.
/goo.gl/pCWiJV
How Wells Fargo's Troubles Went From Bad to Worse
By Kartikay Mehrotra , Laura J Keller , and Margaret Cronin Fisk - Bloomberg
Wells Fargo & Co.'s campaign to repair its reputation post-scandal has run into a problem: more scandal. A year ago, the San Francisco-based bank acknowledged creating millions of accounts without consumer consent. Since then, it's made refunds to customers and paid fines totaling $185 million. But in July it disclosed yet another snafu, this time over insurance for auto loans, and it's been accused of malfeasance related to mortgage lending and consumer-overdraft fees. It also faces discrimination complaints and fraud allegations related to shareholder losses. Investors aren't happy.
/goo.gl/qZ5Vc2
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| Regions | | Stories of local interest from the Americas, EMEA and Asia-Pacific regions | Mexican investors ask ECJ to overturn Banco Popular sale; Suit blames EU regulators for liquidity problems at lender sold to Santander for EUR1
Thomas Hale - FT
Mexican investors have launched legal action against the European authorities that oversaw the failure of Banco Popular, seeking to overturn decisions that led to the bank being taken over by Santander for EUR1.
/goo.gl/H9jcuF
Why African fintech startups are becoming even more attractive for investors
Yomi Kazeem - Quartz
If you follow the right accounts for young African tech entrepreneurs on Twitter, it can feel like there's a never ending debate about who gets funding or not in Africa. Like many Twitter debates the 140 characters and even the endless threads don't capture all nuance of the issue, but while many of those debates have grown, founders from one sector of the startup space have been more positive than most: fintech.
/goo.gl/kmmdHq
Japan's Central Bank Chief Deserves a Second Term; Kuroda's bold ideas put some life into a moribund economy. That's more than his predecessors could claim.
By Daniel Moss
Donald Trump isn't the only leader with a big economic hire to make.
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| Brexit | | Financials stories regarding the decision of the United Kingdom to leave the European Union | Standard Chartered expects Brexit relocation will cost $20 million
Lawrence White and Anjuli Davies - Reuters
Standard Chartered will need to spend around $20 million making Frankfurt its European base in order to secure market access to the European Union when Britain leaves the bloc, Chief Executive Bill Winters told Reuters.
jlne.ws/2vAjq6U
Britain will not have same access to single market after Brexit, top Tory in Brussels admits; Exclusive: Ashley Fox MEP says EU states will not allow Britain to be in a better position outside of the bloc
Shehab Khan - Independent
The leader of Theresa May's Conservatives in the European Parliament has admitted the UK will not have the same access to the single market after Brexit as it enjoys now.
/goo.gl/zubeyM
Brexit: Older generation with nostalgia for Empire has 'shafted' Britain's youth, says Vince Cable; 'The old have had the last word about Brexit, imposing a world view coloured by nostalgia for an imperial past on a younger generation much more comfortable with modern Europe'
Samuel Osborne - Independent
Older Brexit voters with views "coloured by nostalgia from an imperial past" have "shafted" the young, Sir Vince Cable has said.
/goo.gl/WC7Mmr
Brexit Uncertainty Shadows Bank of England's Every Move; More rate increases than planned might be warranted as markets brace for unknown shape of post-EU economic regime
Simon Nixon - WSJ
All major central banks now face a similar dilemma, but the challenge for the Bank of England is harder than most. The failure of wages to rise despite falling unemployment, a puzzle common to all advanced economies, makes it hard to know when interest-rate increases might be needed to offset inflation. But in the U.K., that assessment is made more complicated by Brexit.
/goo.gl/14RckY
U.K. Dismisses 40 Billion-Euro Brexit Bill as Speculation
By Alex Morales and Flavia Krause-Jackson - Bloomberg
Brexit-supporting Conservatives reject EU departure payment; Position papers on customs union and borders in coming weeks
Theresa May's office dismissed as speculation a report that the U.K. is prepared to pay a 40 billion-euro ($47 billion) bill to leave the European Union, while leading Brexit supporters pushed back against paying anything at all.
/goo.gl/4onyZS
U.K. Fights Rearguard Action on EU Financial Laws Before Brexit
By Alexander Weber - Bloomberg
Dodds says Britain shouldn't try to wriggle out of new laws; U.K. to push for priorities despite reduced sway in Brussels
The U.K. may be headed for the door, but its lawmakers and civil servants in Brussels still have their work cut out as the European Union overhauls financial-services rules that will affect firms in London even after Brexit.
/goo.gl/GkSWsU
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| Miscellaneous | | Stories that don't quite fit under the other sections | Former Incisive Media chair Dame Helen Alexander passes away; Held a number of influential business roles
Investment Week
She was chairman of Incisive Media, publisher of Investment Week and other titles, between October 2009 and December 2014 and played a key role in the development of the business.
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Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
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