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Ocampo et al. point out that capital market liberalization may exacerbate the market inefficiencies, increasing volatility and reducing the efficiency with which resources are allocated. Häusler et al. think that a strong banking system is likely to play a key role in facilitating the development of local securities and derivatives. Smith and Walter focus on the role of financial markets and their respective institutions and the fault-lines in the system that have come to light.
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Previously published in the Cross-border Capital Markets Handbook 2011
MAIN EQUITY MARKETS/EXCHANGES
1. Please summarise the main equity markets/e...
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Over the last two decades, commercial real estate has become increasingly integrated with the broader capital markets. The rising importance of REITs since the beginning of the "Modern REIT era" in 1993 has created a direct link between the property and equity markets. REITs now provide an important avenue for equity capital to enter (or exit) the property markets. Investors unaware of the fundamental changes that are occurring in the market risk being side-swiped by unexpected events. In this article, the author outlines four changes in the nature of the real estate market that that he believes have resulted from increased integration with the capital markets. These changes are: 1. The real estate market is more efficient -- and more volatile? 2. Real estate is no longer just a local b...
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Welcome to the June 2011 edition of Banking and Capital Markets Insight, which focuses on technical issues currently coming out of the banking, capita...
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The capital market provides financing to meet the denomination, liquidity, maturity, risk (with respect to credit, interest rate, and...
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Welcome to the March 2011 edition of Banking and Capital Markets Insight, which focuses on technical issues currently coming out of the banking, capit...
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The Community Reinvestment Act of 1977 was an early attempt to promote a social agenda in the banking industry. During downturns in the real estate market, the frequency of defaulting loans and the corresponding severity (losses incurred by the lender) increase simultaneously and substantially, so mortgages are inherently risky. Evidently, the current financial crisis has expanded significantly beyond its root cause, mainly due to the finance industry taking advantage of substantial short-term profit opportunities related to creating and underwriting subprime mortgages without an appreciation for their longer term default risk. In addition to the current financial crisis, there are additional repercussions affecting the US economy and the future welfare and standard of living of the Ame...
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NEW YORK, Nov. 4, 2011 /PRNewswire/ -- In the most recent issue of the Lookout Report -- a biweekly research note from S&P Capital IQ's Global Market Intelligence unit that draws upon the firm's unique analytical assets, including Capital IQ, S&P Indices, S&P Leveraged Commentary and Data, and company and funds research -- analysts state that strong third-quarter S&P 500 profit growth is being overshadowed by declining 2012 earnings expectations. This research suggests that recently improving U.S. economic data and diminishing near-term recession risks are counterbalancing declining forward earnings expectations, but investors likely require sustained pro-growth news on the economy before optimism fully returns to the marketplace.
This information is published in the Lookout Report for ...
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LONDON, NEW YORK, TORONTO, June 28 /PRNewswire-FirstCall/ - Rising sovereign debt in the developed world is one of the main concerns for the world's business leaders and financial executives, according to 440 senior executives who participated in a survey commissioned by RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE).
Among the key findings of the survey, conducted by the Economist Intelligence Unit:
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New Regulation on Sound Remuneration Policies in Financial Institutions
The Royal Decree of 22 February 2011 (Koninklijk Besluit van 22 februari 201...