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2/21/2018

Italy's Banking Association said the value of nonperforming loans on banks' books declined to €64.4 billion in December from €65.9 billion in November. The December total was 25.8% below the figure from a year earlier.

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Banking Association
2/21/2018

Yields on three- and six-month Treasurys shot up to the highest levels since 2008 as the US government sold $179 billion in debt to replenish its cash stockpile. The Treasury Department is scheduled to sell $258 billion in debt this week.

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Treasury Department, Treasurys
2/21/2018

Temenos, a Swiss company that specializes in banking software, has agreed to acquire Britain's Fidessa Group, which sells financial software, for £1.4 billion. Temenos Chairman Andreas Andreades said the deal lets the firms cross-sell to each other's clients and increases their combined share of software spending by banks.

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Reuters
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Temenos
2/21/2018

Clients of US financial advisers are very satisfied with the service they get, according to an American Customer Satisfaction Index report. Advisers were given a rank of 81 on a scale of zero to 100, one of the highest readings among industry groups evaluated.

2/21/2018

More foreign exchange prime-brokerage service providers should be good for commodity trading advisers, hedge funds and other market participants, says Marco Baggioli, former global head of FX prime brokerage at BNP Paribas.

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BNP Paribas
2/21/2018

The UK Financial Conduct Authority is requesting industry input on technology's potential to ease compliance with trade-reporting requirements under Europe's revised Markets in Financial Instruments Directive. The FCA particularly wants input on a system that makes rules machine readable and executable.

2/21/2018

Bob Fitzsimmons, managing director of Wedbush Securities and head of Wedbush Futures, discusses bitcoin futures contracts at Cboe Global Markets and CME Group, customer education and regulatory prospects. "The trick now is how do you stop bad actors but be bold enough to look at Dodd-Frank and even Sarbanes-Oxley and see the unintended consequences," he says.

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John Lothian News
2/21/2018

Banks could face significant costs in switching from the London Interbank Offered Rate to another benchmark, research from Oliver Wyman shows.

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Banks, Oliver Wyman
2/21/2018

Market volatility has spurred interest in theta-flat product trades over vega-flat trades, dealers say. Conditions are not strong enough to make this a major trend, but it is possible "the period of vega-flat dispersion is over," says Stephane Mattatia of Societe Generale.

2/21/2018

The Securities and Exchange Board of India has authorized National Stock Exchange of India to introduce cross-currency derivatives. The exchange can introduce derivatives following euro-US dollar, pound-US dollar and yen-US dollar, as well as options on euro-Indian rupee, pound-Indian rupee and yen-Indian rupee.

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The Times of India