moneyscience: "They obviously have a problem with risk management..." - ZKB trading analyst Claude Zehnder on UBS http:/
The Swiss National Bank held its target for the 3-month franc LIBOR unchanged at 0-0.25 percent, and reaffirmed its commitment to the EURCHF 1.20 floor set on the 6th of September. The Bank said: "The Swiss National Bank will enforce the minimum exchange rate of CHF 1.20 per euro set on 6 September with the utmost determination. It is prepared to buy foreign currency in unlimited quantities. It continues to aim for a three-month Libor at zero and will maintain total sight deposits at the SNB at significantly above CHF 200 billion."
moneyscience: Naked Capitalism: -Links 9/15/11 http:/
moneyscience: Economist's View:- links for 2011-09-14 http:/
moneyscience: RT @Clansman2: noone with even an amateur interest in capital markets will actually believe the UBS trading losses are rogue!
Reference Data & Risk; Enterprise-Wide Risk Management Complimentary Webinarsread more...
The Reserve Bank of New Zealand kept the Official Cash Rate (OCR) steady at 2.50%, noting the impact of global developments. The Bank Said: "If recent global developments have only a mild impact on the New Zealand economy, it is likely that the OCR will need to increase. For now, given the recent intensification in global economic and financial risks, it is prudent to continue to hold the OCR at 2.5 percent"
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Last night I was presenting to the MAG-net group.read more...
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moneyscience: UBS discovers rogue trading and a loss worth an estimated $2bn (£1.3bn) http:/
moneyscience: Slashdot Discussion: Clusters On the Cheap? http:/