03 Aug '12, 5pm

Analysis: Banks face valuation losses as Libor discarded: SINGAPORE (Reuters) - Global banks are delaying what w...

Analysis: Banks face valuation losses as Libor discarded: SINGAPORE (Reuters) - Global banks are delaying what w...

By Vidya Ranganathan SINGAPORE | Fri Aug 3, 2012 1:16pm EDT SINGAPORE (Reuters) - Global banks are delaying what will be an inevitable shift to valuing unsecured derivative positions at market rates because it could hit their bottom lines, but new global prudential regulations next year are set to force their hands. Traders and accountants have known for some time what is only becoming apparent to the public now -- the London Interbank Offered Rate or Libor, the interbank funding rate now at the center of a rigging scandal, is not the appropriate price to value most derivative deals on banks' books. Most banks switched to overnight-indexed-swap rates for valuing secured deals -- those backed by collateral -- over the past three years, after the financial crisis exposed Libor's unsuitability as a benchmark. Now it's the turn of the unsecured deals, for instance swaps and op...

Full article: http://www.reuters.com/article/2012/08/03/us-banks-accoun...

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Analysis: Banks face valuation losses as Libor discarded: SINGAPORE (Reuters) - Global banks are delaying what w...

Analysis: Banks face valuation losses as Libor ...

reuters.com 02 Aug '12, 9pm

By Vidya Ranganathan SINGAPORE | Thu Aug 2, 2012 5:01pm EDT SINGAPORE (Reuters) - Global banks are delaying what will be a...

Sunblock for Face

Sunblock for Face

ohsofickle.blogspot.com 05 Aug '12, 1pm

This is the best sunblock! Biore UV Perfect Face Milk. I have never enjoyed putting sunblock on (but still had to because ...

Some courses are pretty. Others, like these, change the face of the industry:

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golfdigest.com 03 Aug '12, 6am

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Pretty ingenious! Occupy The Banks - Hash #OTB:...

occupythebanks.com 04 Aug '12, 4pm

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In today's news roundup: Malcolm Gladwell's Race Face; @ryanhall3 packs for London; and more.

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rwdaily.runnersworld.com 03 Aug '12, 11pm

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superadrianme.com 12 Aug '12, 11am

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