WireTap 1300 21/12/11

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WireTap 1300 21/12/11

A round-up of the top stories across the specialist financial media, including a Euromoney exclusive with the International Monetary Fund's Manmohan Singh




Exclusive: IMF’s Singh warns of collateral drought threat to global liquidity

IMF senior economist Manmohan Singh says the shadow-banking system is a necessary part of the monetary universe, and therefore something that regulators and policymakers must thoroughly understand if they are to have any success in improving economic performance.

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Exclusive - N.Korea military, uncle to share power with Kim heir

North Korea will shift to collective rule from a strongman dictatorship after last week's death of Kim Jong-il, although his untested young son will be at the head of the ruling coterie, a source with close ties to Pyongyang and Beijing said.

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CFTC "got it wrong" on block trade threshold rule

Large swap definition to be re-proposed following industry backlash

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ECB Digs Deep to Shore Up Banks

The European Central Bank allotted €489.19 billion in the first of two three-year refinancing operations, beating market expectations in a sign that banks expect other sources of funding to remain tight through 2012.

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Who made money from China in 2011?

To get an idea of what's in store for China in 2012, Craig Stephen takes a look at how money was made, and lost, in 2011.

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