FIX Protocol Conference in London Draws 500

More than 500 people attended the FIX Protocol EMEA Trading conference in London last week, making it the largest financial services conference in London so far this year and delighting the organisers.
If there was a pervasive theme at the conference it was that the buy-side has to become more active in the business, from helping [...]

FSA Liquidity Regs – Threat to London Banks’ Global Role?

The FSA’s new rules on liquidity management threaten to overload banks with reporting that the regulator won’t be able to understand while missing the source of the current financial crisis, said panelists at a Financial Services Club Capital Markets forum on 10 March.
Because the session was conducted under the Chatham House rule, this commentary doesn’t [...]

Mark to Market Debate Continues

The Letters page in the Financial Times has become quite interesting in recent weeks  On 20 March, the president of the CFA Institute, Jeff Diermeier, defended fair value reporting, i.e. mark to market.
 “Recent market problems stemming from a lack of transparency in subprime lending and securitisations based on such loans have added a new urgency [...]