Gfma : News on the global financial markets

Some Deutsche Boerse shareholders lose confidence in NYSE deal
Some of the largest investors in Deutsche Boerse are losing confidence that the proposed merger with NYSE Euronext will be completed. Shareholders are concerned that the tie-up won't receive approval from EU antitrust authorities. Some NYSE Euronext shareholders also have expressed concern about the deal. The Wall Street Journal(05 Jan.)

IMF conducts stress tests on Japanese banks
The International Monetary Fund is assessing Japanese banks' vulnerability to a potential decline in the value of the country's sovereign debt, sources said. The stress tests could focus investors on the threat that Japanese debt poses to the economy. The Wall Street Journal(06 Jan.)

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European banks start off new year planning to cut jobs
The New York Times (tiered subscription model)/DealBook blog (05 Jan.)

EFSF bond sale will test Europe's rescue programme
The Wall Street Journal (05 Jan.)

Regulatory Roundup

UK and France are poised for another clash over transaction tax
French officials are pushing a financial-transaction tax that is expected to pit Paris against London. French President Nicolas Sarkozy wants to include the tax on the next EU summit agenda. Financial Times(tiered subscription model)(05 Jan.)

EU lawmaker aims to ensure level regulatory playing field
Othmar Karas, a leading EU lawmaker, said European banks might not have to comply with Basel III rules on capital and liquidity if the US delays implementation. Karas wrote a report about the implementation of Basel III that notes a number of changes that are expected to be controversial. Reuters(05 Jan.)

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