Things we're reading today include ...
Today's must read
Exchanges warn G20 of dangers in ‘dark pools’
(Financial Times)
The world’s stock and derivatives exchanges on Tuesday warned the Group
of 20 leaders that the continued “proper functioning” of their markets
could not be taken for granted because of a proliferation of
alternative trading venues such as “dark pools”.
G20 summit
(Financial Times)
In Pittsburgh, a Road Map for a Recovery (Wall Street Journal)
Darling says party over for banks (BBC)
China-US: Protectionism on the rise - how likely is a trade war?
(Deutsche Bank Research)
Europe
EU unveils new 'super-regulators'
(BBC)
Commission adopts legislative proposals to strengthen financial supervision in Europe
(Europa)
European System of Financial Supervisors (ESFS): Frequently Asked Questions
(Europa)
Brussels regulators could order Britain to bail out banks under new rules (Times)
Sweeping new powers could see Brussels seize control of City (Telegraph)
King lined up for top role in Euro watchdog (This is Money)
Banks
RBS needs extra £35bn by 2011, broker claims
(Telegraph)
Bank says recovery could prove a false dawn
(Times)
Bank calls 'crisis' meeting for experts
(Telegraph)
Moody’s warns over ‘living wills’
(Financial Times)
Insurance against financial fear (MIT News)
Technology
‘Social’ phones to reveal all about your caller
(Financial Times)
Quote of the Day
"Another banker who was invited but
chose not to go said that the UK's stance on bonuses may explain the
lightweight attendance."
Gordon Brown unable to attract leading bankers to meeting in New York (Telegraph)
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
