<![CDATA[Hedgehogs.net: Ken Yeadon's connections' blogs]]> http://www.hedgehogs.net/pg/blog/keny/friends/?view=rss http://www.hedgehogs.net/pg/blog/skinnercm/read/11345540/banks-need-rock-star-coders-to-survive Thu, 24 Jul 2014 09:54:54 +0100 http://www.hedgehogs.net/pg/blog/skinnercm/read/11345540/banks-need-rock-star-coders-to-survive <![CDATA[Banks need rock star coders to survive]]>

I was having a debate the other day with two bank CEOs.

read more...

]]> 11345540 http://www.hedgehogs.net/pg/blog/skinnercm/read/11345526/things-worth-reading-24th-july-2014 Thu, 24 Jul 2014 07:24:48 +0100 http://www.hedgehogs.net/pg/blog/skinnercm/read/11345526/things-worth-reading-24th-july-2014 <![CDATA[Things worth reading: 24th July 2014]]>

Things we're reading today include ...

read more...

]]> 11345526 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345507/new-zealand-raises-rate-for-4th-time-but-will-now-pause Wed, 23 Jul 2014 22:13:52 +0100 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345507/new-zealand-raises-rate-for-4th-time-but-will-now-pause <![CDATA[New Zealand raises rate for 4th time but will now pause]]>     New Zealand's central bank raised its policy rate for the fourth time in a row but signaled that it would keep rates on hold for a while, saying it was "prudent that there now be a period of assessment before interest rates adjust further towards a more-neutral level."



]]>
11345507
http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345494/contraction-in-global-banking-activity-ends-in-q1-bis Wed, 23 Jul 2014 18:44:14 +0100 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345494/contraction-in-global-banking-activity-ends-in-q1-bis <![CDATA[Contraction in global banking activity ends in Q1 - BIS]]>     The contraction in global banking activity since late 2011 ended in the first quarter of this year as cross-border claims of major banks on borrowers rose by $580 billion from the end of 2013 to the end of March, according to the Bank for International Settlements (BIS).
    The upturn in overall lending activity was seen across many countries and sectors, with the largest increase in credit to borrowers in China while claims on the rest of Asia, Latin America, Africa and the Middle East also rose, but at a more modest pace.
    BIS, which only last month in its annual report warned of the dangers from the growing reliance on debt, said loans to China rose by $133 billion in the first quarter for an annual rise of 49 percent, pushing the outstanding stock of claims to just over $1 trillion.
    Even Europe, which is recovering after two years of recession, saw a $158 billion rise in claims in the first quarter for the first increase since early 2012.
    Cross-border lending to non-banks in the United States was also strong, said Swiss-based BIS, which collects data on international lending by globally-active banks.
     The amount of credit extended by banks to other banks rose for the first time since late 2011, with total interbank claims up by $306 billion, including a $111 billion rise in intra-euro activity.

    Although global bank lending expanded, BIS added that it was not enough to offset the declines in the preceding quarters so the annual rate of contraction in the first quarter was still down by 2.0 percent though this was slower than the 3.7 percent decline seen at the end of 2013.
    The conflict between Ukraine and Russia has hit the currencies of both countries hard, resulting in a fall in the U.S. dollar value of the outstanding stock of foreign claims on both countries.
    In U.S. dollar terms, the claims of major international banks on Russia dropped to $209 billion at the end of March from $225 billion end-December 2013 while claims on Ukraine fell to $22 billion from $25 billion. But adjusted for exchange rates, claims on Russian residents was virtually unchanged while those on Ukraine only fell by an annual 15 percent, or $1.5 billion, BIS said.
    Lending by major international banks to emerging Europe - such as Turkey and Poland - fell for a fourth consecutive quarter, with a contraction of $14 billion causing a 1.9 percent decline in claims in the first quarter of this year compared with the same 2013 quarter, said BIS.
    Claims on Turkey and Poland shrank the most in the first quarter, by $5.3 billion and $4.8 billion, respectively, while loans to Hungary rose by $1.3 billion.
    Overall lending to non-banks, such as governments and non-financial corporates, rose by $274 billion in the first quarter, the largest rise since late 2010. Lending to non-banks in the U.S. expanded by $73 billion, pushing up the share of international claims on U.S. to 53 percent from 52 percent.
    As a trend, cross-border lending to non-banks has been growing in the last few years while loans extended between banks has been declining, BIS said.
    The global share of cross-border loans to non-banks reached 24 percent by the end of the first quarter after being around 20 percent in the decade from end-1995 to end-2005, while the share of cross-border interbank loans have declined to 46 percent from over 60 percent in the late 1990s.
   
    To read International banking statistics at send-March 2014, please click on www.bis.org

    www.CentralBankNews.info

   
   

]]>
11345494
http://www.hedgehogs.net/pg/blog/mikeohara/read/11345491/bringing-predictive-intelligence-into-trading-operations Wed, 23 Jul 2014 18:02:40 +0100 http://www.hedgehogs.net/pg/blog/mikeohara/read/11345491/bringing-predictive-intelligence-into-trading-operations <![CDATA[Bringing Predictive Intelligence into Trading Operations]]>


By Theo Hildyard

We hear increasingly these days about how the focus of electronic trading is shifting from speed to intelligence. In fact, my previous blog post was about how it is essential for firms to be not only fast but also smart.

read more...

]]>
11345491
http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345482/central-bank-news-link-list-july-23-2014-carney-spare-capacity-being-used-up-faster-than-expected Wed, 23 Jul 2014 14:43:57 +0100 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345482/central-bank-news-link-list-july-23-2014-carney-spare-capacity-being-used-up-faster-than-expected <![CDATA[Central Bank News Link List - July 23, 2014 - Carney: Spare capacity being used up faster than expected]]>
Here's today's Central Bank News' link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don't miss any important news.



]]>
11345482
http://www.hedgehogs.net/pg/blog/skinnercm/read/11345469/that-weird-and-wonderful-thing-called-bitcoin Wed, 23 Jul 2014 09:24:57 +0100 http://www.hedgehogs.net/pg/blog/skinnercm/read/11345469/that-weird-and-wonderful-thing-called-bitcoin <![CDATA[That weird and wonderful thing called bitcoin]]>

I keep getting into debates about bitcoin and when banks should take notice of bitcoin.

read more...

]]> 11345469 http://www.hedgehogs.net/pg/blog/grossiro/read/11345466/aziende-e-trasformazione-digitale-report Wed, 23 Jul 2014 09:22:52 +0100 http://www.hedgehogs.net/pg/blog/grossiro/read/11345466/aziende-e-trasformazione-digitale-report <![CDATA[Aziende e trasformazione digitale (report)]]>

Agenda Digitale ItalianaLa trasformazione verso il digitale da parte delle aziende è diventato ormai un passo obbligato. A causa dei noti problemi strutturali del nostro paese l’ Agenda Digitale Italiana stenta ancora  decollare anche se l’agenda digitale presentata dalla Commissione europea è una delle sette iniziative faro della strategia Europa 2020, che fissa obiettivi per la crescita nell’Unione europea (UE) da raggiungere entro il 2020. Questa agenda digitale propone di sfruttare al meglio il potenziale delle tecnologie dell’informazione e della comunicazione (TIC) per favorire l’innovazione, la crescita economica e il progresso.

read more...

]]>
11345466
http://www.hedgehogs.net/pg/blog/skinnercm/read/11345463/things-worth-reading-23rd-july-2014 Wed, 23 Jul 2014 08:44:43 +0100 http://www.hedgehogs.net/pg/blog/skinnercm/read/11345463/things-worth-reading-23rd-july-2014 <![CDATA[Things worth reading: 23rd July 2014]]>

Things we're reading today include ...

read more...

]]> 11345463 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345448/nigeria-maintains-rate-to-support-stable-naira-fx-rate Wed, 23 Jul 2014 00:23:48 +0100 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/11345448/nigeria-maintains-rate-to-support-stable-naira-fx-rate <![CDATA[Nigeria maintains rate to support stable naira FX rate]]>     Nigeria's central bank maintained its policy rate at 12.0 percent, as expected, recognizing "the necessity of sustaining a stable naira exchange rate even as it has to deal with the delicate balancing of the need for a low interest rate regime."
    The Central Bank of Nigeria (CBN), which has kept its rate steady since October 2011, said pressure points include underlying pressure from food and core inflation and "the risks that could emanate from the likely increase in aggregate spending in the run up to the 2015 general election" along with the implications of the U.S. Federal Reserve's tapering of quantitative easing on capital inflows and external reserves.
    Chairing his first meeting as governor, Godwin Emefiele said the CBN's monetary committee was satisfied with the relative stability in the macroeconomy as reflected in "impressive growth rates, stable consumer prices and exchange rate as well as increased external reserves."
    However, he added that the translation of this stability to gains in employment and access to finance by small and medium-sized businesses is weak, noting the potential of the power sector to stimulate output growth and thus employment through enhanced investment if challenges facing the sector are effectively and appropriately addressed.

    Nigeria's economy expanded by an annual 6.21 percent in the first quarter of this year, above the same quarter of 2013 but down from 6.77 percent in the fourth quarter, with the non-oil sector the main driver of growth, recording 8.21 percent expansion.
    Nigeria's statistics office has rebased Gross Domestic Product with the estimated growth for 2013 at 5.49 percent, up from 5.31 percent in 2011 and 4.21 percent in 2012.
    The CBN said there have been underlying inflationary pressures since January, with headline inflation rising to 8.2 percent in June from 8.0 percent in May as food inflation picked up while core inflation rose to 8.1 percent in June from 7.7 percent in May.
    It noted that all measures of inflation have seen a progressive upward trend since February and "agreed that this trend should be monitored closely to achieve a reversal."
    The CBN targets inflation of 6.0 to 9.0 percent.
    Nigeria's gross official reserves rose to US$40.20 billion on July 18 from $37.31 billion end-June.
    The naira's exchange rate fell in February when the country's president suspended Lamido Sanusi, the internationally-respected previous central bank governor, but then rebounded in March, helped by the CBN's tightening of the cash reserve requirement on private sector deposits to 15.0 percent.
    The naira was quoted at 162.4 to the U.S. dollar today, up from a low of 166.13 on March 2, but down from around 160 at the start of the year.

    www.CentralBankNews.info


]]>
11345448