Search results

Since derivatives seem to be also covered, then three months it is - single-broker coverage of multiple markets hasn't been banned yet, right? They really do need to read Wrobel's (1996) or phone Swedish minister of finance;) Even time zones work to Europe's disadvantage: to participate in...

Well, looks like the IMF's ample warnings went totally unheeded... and German politicians do want to repeat the Swedish experiment (unless derivatives will be exempt). At any rate, it is an obvious and great business opportunity! After all, the richest man in the City of London is the guy who...

Great news from the G20 side then! And unilateral adoption by Germany is unlikely given that this tax is particularly susceptible to circumvention (see the Swedish example for instance). As for the UK 'conservative' coalition, they are surely not talking about a FFT, because they already have...

Bearish analysts clearly hope that European monetary authorities will tacitly support through inaction their short euro bias, because "Europe" wants to "inflate its way out of debt"[1] (unfortunately, price stability is the primary objective of the ECB, see [2]) or because "Europe" wants “the...

..and how about it being yesterday's news? I mean I'm so impressed by the independence and lack of herding behavior among the rating agencies! Their sage advice (and its timeliness) is worth every penny: "Jan. 19 (Bloomberg) -- Spain had its AAA sovereign credit rating removed by Standard &...

1) The undesirability of double taxation? After all, capital gains have already been through the tax system at least once (when the wages income tax was collected at source) and will be also once more at the very end (if and when the 'death tax' is levied). In the special case when substantially...

It will be modelled either on the Swedish tax on bank liabilities or on the IMF's financial activity tax (the so-called FAT;): "For now the tax would be limited to banks. It would not, for example, apply to investment funds or insurance institutions. Bank contributions could be based on their...

Aren't option MM's no longer bound by the maximum allowed quote range...? What the appropriately named BS model (which here stands not for Black-Scholes but for Bjerksund-Stensland, this being an American option) assumes is that volatility scales according to the 'square root of time' rule...

The auto-liquidation process makes one fundamental assumption that requires re-examination: that liquidation is always a risk-reducing activity. It is clearly not: - after hours (and before hours), when portfolio is evaluated on the basis of prices quoted by active market-makers (i.e...

So here are some questions related to IB margin-call liquidations that some of us would be glad to have answered by IB: 1) is the threat of overnight / market-at-open liquidation real, 2) are there any safeguards against bad ticks and after-hours ECN price manipulation, e.g. with...

Here is the IMF staff's assessment of financial transaction taxes (FTT) in their interim report for the Meeting of G-20 Ministers in April 2010: "There may indeed be a case to supplement a levy of the kind described above (Financial Stability Contribution, FSC, and Financial Activities Tax...

Well, citation needed ;) When we look into the source... the manipulation becomes apparent. The European Commission staff working paper written in answer to the Parliament question ("resolution" of 10 March) clearly comes in favor of the levy on bank liabilities. Such levy would be based on the...

Robert Peston (the BBC's business editor) explains in his blog why the word "tax" is being confusingly used to describe the Obama-style levy. The distinction is that a tax is a general purpose, budgeting device, while an insurance premium (like credit) would have a pre-defined specific purpose...

For those living in the States, there is a already someting even more effective than "charity screening"! (but for those living elsewhere, I preserved the blacklists here, because these pro-Tobin charities will be soon trying to hide the inconvenient truth). After the recent "show" put up by...

Fear not - fiscal policy is one of the last bastions of national independence, so state parliaments would have to vote on the FTT one by one. But that may "eventually" change, after the Greek debt debacle exposed how dangerous is the combination of a single monetary policy with separate national...

Of course he denies everything: http://www.ethiopian-news.com/ethiopian-pm-denies-aid-was-diverted/ . But sadly that may be true, because the BBC reporter seems to have gathered some solid evidence... ("I spoke to people from Alaska to Australia, from Scandinavia to Palestine, accumulated...

A primer is here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2743631&highlight=legislative+initiative#post2743631

This "Resolution" is far from "resolved", because it is once again merely a "Question for oral answer with debate" (a similar one having been answered already once by Commissioner Covacs for Taxation in September 2009), only directed to the new Commissioner, Mr. Semeta The Quant, under the Rule...

Unnecessarily so! "The European Commission said Thursday it will soon propose an EU-wide minimum tax on the use of automobile fuel, coal and natural gas — an idea it had until now resisted. EU spokeswoman Emer Traynor said a "carbon tax" was a "priority" issue for Algirdas Semeta, the new EU...

... and that is the main reason why the "charities" ask for even more of the fund investors money. Gordon the Alleged Furniture Kicking Bully needs some image softening, so he is hijacking good causes for his own promotional purposes. Because the UK charitable industry does not need triple-digit...