{"id":33306,"date":"2016-03-06T18:29:07","date_gmt":"2016-03-06T17:29:07","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=33306"},"modified":"2016-03-06T18:31:51","modified_gmt":"2016-03-06T17:31:51","slug":"33306-2","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/33306-2\/","title":{"rendered":"Roiling News Items"},"content":{"rendered":"

Brexit<\/strong> \u00a0Wolfgang Sch\u00e4uble was on a mini-roadshow in London, appearing at a couple of events\u00a0to push the anti-Brexit case with characteristic toughness but uncharacteristic emotion.<\/p>\n

First,\u00a0the German finance minister appeared alongside George Osborne at a panel. Asked about his reaction should Britain decide to leave, he said: \u201cWe would cry \u2026 and I hope that we will not.\u201d<\/p>\n

Then, at a conference organized by the German British Forum, he urged Britain to go for \u201csplendid integration\u201d rather than \u201csplendid isolation.\u201d<\/p>\n

\u201cIf the U.K. were to leave the EU, it would be very dangerous for the European Union, it would weaken the European Union \u2026 I can\u2019t see that it\u2019s in Britain\u2019s interest for the EU to be weakened,\u201d\u00a0Sch\u00e4uble said. \u201cSo please don\u2019t.\u201d<\/p>\n

\u201cBritain\u2019s future lies in Europe,\u201d he pleaded to an audience of British and German grandees before ending with a very British exhortation: \u201cGo on, lead Europe!\u201d<\/p>\n

The prime minister\u2019s biggest headache on Brexit is not Boris Johnson but \u201cRed Jez\u201d, as some papers call the left-wing leader of the Labour Party, according to professor Matthew Goodwin writing for POLITICO. His thesis is that, in order to win the referendum, Cameron needs to win over voters that are not natural Conservative supporters.<\/p>\n

Changing Securitization in Europe<\/strong> \u00a0Four trade associations have issued a paper pushing for a swift reform of the moribund securitization market.<\/p>\n

The four, the\u00a0Association for Financial Markets in Europe (AFME), the European Fund and Asset Management Association (EFAMA), the International Capital Market Association (ICMA) and Insurance Europe, are broadly supportive of the European Commission\u2019s efforts to revive the market but want more clarity and details on issues such as asset-backed commercial paper, disclosure and third-country deals.<\/p>\n

Remember: The US subprime mortgage crisis began with the securitization of mortgages.<\/p>\n

UK Life Insurers<\/strong> \u00a0\u00a0The Financial Conduct Authority is concerned about the treatment of long-term customers who wanted to make changes to their policies. Here\u2019s Sky News: \u201cPrudential, Old Mutual, Abbey Life, Scottish Widows, Countrywide and Police Mutual are to be investigated by the Financial Conduct Authority.<\/p>\n

\u201cThe FCA has been monitoring whether insurers have treated customers who are locked into pensions and other savings plans fairly, compared with new customers.\u00a0Tracey McDermott, the FCA\u2019s acting chief executive, said: \u2018The practices at some firms appear to have been poor.’<\/p>\n","protected":false},"excerpt":{"rendered":"

Brexit \u00a0Wolfgang Sch\u00e4uble was on a mini-roadshow in London, appearing at a couple of events\u00a0to push the anti-Brexit case with characteristic toughness but uncharacteristic emotion. First,\u00a0the German finance minister appeared alongside George Osborne at a panel. Asked about his reaction … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-33306","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t