DailyMarkets.com - The Fiscal Cliff And The FOMC

---

• The Fiscal Cliff And The FOMC
• Congratulations Heisman Trophy Winner Johnny Manziel
• Global Bank Lending Falls In Q2, Less Interbank Credit – BIS
• BIS Not Worried By U.S. Delay Of Basel III Bank Rules
• China Helps Fill Hole Left By Euro Area Banks In Asia – BIS
• Easy Policy Didn’t Boost Emerging Market Currencies–BIS
• Liquidity Rule May Alter Monetary Policy Operations – BIS

The Fiscal Cliff And The FOMC Posted: 09 Dec 2012 03:40 PM PST Well, it looks like our leaders have chosen not to put a fence at the top of the fiscal cliff, but to count on an ambulance at the bottom to clean up the mess. We only have three weeks to go before we find out how messy it will be. I don't have an informed opinion on that, but I do have a strong opinion that the Federal Reserve should lay low until it is resolved one way or another. More specifically, at the FOMC meeting on December 11 and 12, the members should do nothing new. Positive … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Congratulations Heisman Trophy Winner Johnny Manziel Posted: 09 Dec 2012 02:50 PM PST Go Johnny football! Go Aggies! Cotton Bowl … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Bank Lending Falls In Q2, Less Interbank Credit – BIS Posted: 09 Dec 2012 12:00 PM PST     International bank lending fell in the second quarter of this year, mainly due to lower credit to banks in advanced economies and offshore financial centers, underlining the subdued state of international banking since the global financial crises, according to the Bank for International Settlements (BIS).     Interbank lending fell by 3.1 percent, or $581 billion, in the second quarter from the first, driven by an 18 percent plunge, or $249 billion, in lending to banks … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BIS Not Worried By U.S. Delay Of Basel III Bank Rules Posted: 09 Dec 2012 12:00 PM PST     The Bank for International Settlements (BIS) is looking forward to full implementation of the new Basel III banking regulations and is not worried by the United States’ delay in applying the global rules.     BIS Economic Adviser Stephen Cecchetti said “some jurisdictions are having small technical problems on meeting the exact timetable to which they have committed so there are modest and immaterial delays.”     Last month the United States said it had delayed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

China Helps Fill Hole Left By Euro Area Banks In Asia – BIS Posted: 09 Dec 2012 12:00 PM PST     A pullback by Swiss and euro area banks from Asia-Pacific has been countered by an expansion of local banks, including Chinese and offshore centers, resulting in a continuous rise in international credit to the booming region, the Bank of International Settlements (BIS) said.     Fears of a lack of funding in Asia-Pacific due to the retrenchment of European banks after the global financial crises and the euro area's debt crises thus never materialized.     … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Easy Policy Didn’t Boost Emerging Market Currencies–BIS Posted: 09 Dec 2012 12:00 PM PST    A further easing of monetary policy by major central banks in recent months, especially by the U.S. Federal Reserve and the Bank of Japan, has not triggered another burst of hot money into emerging markets or raised the value of their currencies as in previous years, according to the Bank for International Settlements (BIS).     The Federal Reserve's September announcement of unlimited purchases of mortgage-backed securities and its intention to keep rates at … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Liquidity Rule May Alter Monetary Policy Operations – BIS Posted: 09 Dec 2012 12:00 PM PST     A new liquidity rule to be imposed on banks by global regulators will not fundamentally impair central banks' ability to conduct monetary policy but may alter the way they carry out their operations, the Bank for International Settlements (BIS) said.     The liquidity Coverage Ratio (LCR), which requires banks to hold enough liquid assets to survive 30 days of customer withdrawals and a credit squeeze, forms a critical part of the new Basel III banking regulations and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610