Finland’s financial regulator is questioning a government proposal to enforce a more lenient cap on mortgages than the International Monetary Fund says is needed to support the Nordic region’s only euro member.
China’s first default is prompting investors to discriminate against privately-owned companies, boosting demand for local government bonds even as the central bank warns of the dangers of a $2.9 trillion pile of debt.
The U.S. Securities and Exchange Commission’s authority to regulate mutual funds is being undercut by a panel of regulators assigned to examine threats to the broader economy, Commissioner Luis A. Aguilar said today.
In today’s “rigged” U.S. stock market, large investors such as Greenlight Capital Inc.’s David Einhorn are like “dumb tourists” led to a casino where the card games are fixed, according to Michael Lewis, whose book “Flash Boys” has touched off a national debate about high- frequency trading.
The ban on proprietary trading proposed by European Union officials needs revision since it will add to systemic risk by cutting the amount of liquid assets that banks can hold, Denmark’s central bank said.