Dual-track Libor replacement lined up, Winkler apolo...


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Financial Times
FT Trading Room
Monday May 13 2013


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Dual-track Libor replacement lined up
A parallel system based on survey-based lending rates alongside transaction-linked indices could come into force as soon as next year
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/RP5OH6/36/h?a1=2013&a2=5&a3=13
 
Winkler apology over Bloomberg access
Data provider's editor-in-chief acknowledges that reporter access to limited client information was an 'error' that was 'inexcusable'
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/LSVT3H/36/h?a1=2013&a2=5&a3=13
 
Regulators expand market fraud net
Financial watchdogs seek 'sentiment analysis' software to monitor websites and blog posts for signs of market manipulation and insider trading
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/JQ01FT/36/h?a1=2013&a2=5&a3=13
 

Markets
 
US futures soft on Fed tapering talk
Nikkei extends gains to fresh five-year peak as weaker yen fuels exporter earnings hopes, but other markets are cautious after recent rally
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/K9CLNG/36/h?a1=2013&a2=5&a3=13
 
US hedge funds go bullish on the euro
'They have done enough, we don't see a collapse as a likely scenario in the near term any more,' says the head of one large hedge fund
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/EKBFQP/36/h?a1=2013&a2=5&a3=13
 
Forget EMs, US investors should think local
Data increasingly refute the popular belief that they offer the best growth – earnings predictions are too optimistic, writes Richard Bernstein
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/VTK262/36/h?a1=2013&a2=5&a3=13
 
Yen weakens as stimulus criticism avoided
Dollar rises above Y102 for the first time in five years after Group of Seven informally reaffirms commitment not to target exchange rates
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/WHDAOW/36/h?a1=2013&a2=5&a3=13
 
Co-op worries spark retreat in bank shares
Profit-taking spurred by capital worries that arose after downgrade to junk and a Barclays analysis that estimated shortfall at up to £1.8bn
http://link.ft.com/r/UXDMSS/FDPAZR/V1W98Z/2OHFTN/XBYZ0W/36/h?a1=2013&a2=5&a3=13
 
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