Things we're reading today include …
Today's must read:
The European Commission has released the formal document with "feedback on the public consultation on possible end-date(s) for SEPA migration" (13 page pdf)
"Among the deadlines mentioned as feasible for the migration to SCT and SDD, a majority favoured either end-2012 or end-2013 when both SCT and SDD migration were considered together. A large number of respondents however made a difference between SCT migration, which could be achieved by end-2011 or end-2012 for most of them, and SDD migration, for which a later deadline was mentioned or for which no deadline was envisaged yet."
Recession is nearly over but recovery is fragile, says IMF (Independent)
Plenty More Bank Losses Expected Globally (Wall Street Journal)
Crisis creates new sophistication in risk (Financial Times)
LSE granted exclusivity for Turquoise move
FSA to vet appointment of bank directors (Financial Times)
'Polanski arrest was hatched by Swiss bankers' (Evening Standard)
Facebook Credit Arbitrage (ALT Capital)
Quote of the Day:
"Women feel undervalued and misunderstood."
Women Want More, new research by Boston Consulting Group