Archive for January, 2013
UAE Central Bank holds off on tougher regulations stating banks are in a good position
- Published on Saturday, 26 January 2013 05:15
- 0 Comments
“The UAE Central Bank has postponed new regulations that limit commercial bank lending to governments and their related entities for further review in a move that is expected to give lenders sufficient time to come to grips the requirements.
The regulator also has put off the implementation of another rule on banks’ liquidity ratios. The rules, originally scheduled to come into effect on January 1, had been designed to help banks withstand market disruptions and avoid a concentration of debt payments.”
World Unemployment to Hit Record in 2013, Outlook for the Middle East Looks Grim
- Published on Thursday, 24 January 2013 02:33
- 2 Comments
The International Labour Organization (ILO), which is a United Nations agency, recently came out with its outlook for world employment. The forecast is not good. Nearly five years since the global financial crisis, the global economy continues to struggle. Stock markets around the world are breaking five-year highs as optimism drives up prices, yet economic fundamentals remain poor. Has the EU solved its debt problems? Has the US solved its fiscal crisis? Has Japan escaped its deflationary death spiral? Are economies growing at healthy rates?
Emerging Market Debt Issuance Hits Record and Spills Over into Sukuk Market as Investors Worldwide Hunt for Yield
- Published on Thursday, 24 January 2013 02:21
- 7 Comments
The funny thing about unintended consequences is that they pop up regardless of your original intentions, good or bad. I’m sure central bankers’ in the US and EU had good intentions for keeping interest rates near zero for so long, but their efforts to stimulate their economies and help them recover from a bubble collapse have led to the creation of another bubble. Record low yields in developed markets are pushing investors to search for higher yields.
“For 2012, issuance of emerging-market bonds denominated in the U.S. dollar soared to about $375 billion, marking a record high since data provider Dealogic began tracking the data in 1995. Issuance far outpaced the previous year, when emerging-market issuers sold $235.5 billion in new debt.