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Sunday, 24 May 2015

EMEA

The headquarters of the European Central Bank (ECB) is pictured prior to the bank's monthly news conference in Frankfurt July 3, 2014.

Cult of central bank transparency is too powerful

22 May 2015

Rate-setters around the world are in a bind. The zeitgeist demands they share every twist and turn of their deliberations. But too bright a light can be blinding. Hard talk is often best done in private. While some transparency is good, more is not always better.

Greece

Debt extension could help Syriza but hurt Greece

22 May 2015

Europe could split off payments owed to Greece from its second bailout, according to reports. The move could break an impasse over reform talks and avoid a messy default. Yet Europe would have less leverage over the Syriza-led government and the Greek economy would suffer. 

The Barclays headquarters building is seen in the Canary Wharf business district of east London.

Bankers get ammo but no ally in regulation tussle

22 May 2015

Financiers unhappy with tougher regulation can cite new analysis from the BIS. The central banks’ own central bank says new standards will probably change how economies and markets work. But the BIS is firmly focussed on coping with the new paradigm, not returning to the old one. 

An employee is seen walking over a mosaic of pound sterling symbols

Laggard fund managers miss LTIP-ping point

21 May 2015

Two-fifths of FTSE 100 companies are heeding calls to reform bosses’ long-term incentive plans. But several of reformer-in-chief Fidelity’s UK quoted fund manager peers are yet to sign up. They should be championing governance best practice. Non-compliance merits explanation. 

David Cameron

UK can use bank reform as EU bargaining chip

22 May 2015

France objects to Britain adopting its own extra-tough bank structural reform, reports say. But there’s little to gain from ring-fencing retail lenders, and a flexible UK can negotiate a better deal with Brussels. A  British retreat could kill two birds with one stone.

A journalists requests to ask question as European Central Bank (ECB) President Mario Draghi addresses an ECB news conference December 4, 2014.

ECB struggles with central bank news frenzy

21 May 2015

When markets hang on your every word, rate-setters have to be careful what they say to whom. An ECB board member crossed the line and the euro zone central bank is under fire. Now it’s clamping down on dealings with media. Such undersharing can be just as bad as oversharing.

Anshu Jain (R) and Juergen Fitschen, co-CEOs of Deutsche Bank

Deutsche’s cosmetic rejig puts pressure on Jain

21 May 2015

Germany’s biggest bank tweaked its management ahead of today’s AGM. The shift in responsibilities falls short of the leadership overhaul some shareholders seek. But co-CEO Anshu Jain’s new strategy role makes him directly accountable for much-needed cost cuts.

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