Sueblimely

And Mike all of this of course happening odds -- Janet Yellen the new fed chairs the first day not a welcome she was expecting. No not at all you know there actually is kind of an old -- on Wall Street that new Fed Chairman. Tend to get tested before too long usually that means -- -- economic crisis or some kind of big decision. That they have to make. You know relatively soon after getting.

The Philippine peso and Malaysian ringgit both fell to their lowest levels since 2010 on Monday as emerging market assets came under pressure across the board. "The market is definitely focusing on EM, particularly the weak EM countries," said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.5 percent to four-and-a-half month low, after losing more than 1.0 percent on Friday. Hong Kong's Hang Seng Index tumbled 2.1 percent to a five-month low. Japan's Nikkei share average surrendered the 15,000-level and ended down 2.5 percent at a two-month low. Expectations of continued stimulus withdrawal by the U.S.

Finally! The stock market gets a reality check

Was it earnings? Was it China? Was it the Federal Reserve ? How about a little bit of everything. News of a potential default in China along with a weak report on Chinese manufacturing (the Markit/HSBC purchasing managers' index) causes investors around the world to re-assess risk. Then, the Fed floated the idea of increased taper at next week's Federal Open Market Committee meeting to test the anxiety of investors and see how the market would react. As investors digested the news, it only accentuates the weakness in earnings the weakness that many investors previously paid no attention to because as long as the Fed supports, then investors seem to be at ease. But once investors get the sense that the Fed is pulling out because the economy is so much better they all of a sudden need to reassess.

Financial Crimes Unit Attorney General Expects More Criminal Prosecutions for Large-Scale Financial Crimes By Updated Jan. 17, 2014 3:16 p.m. ET New York's top prosecutor is looking to bring more criminal cases for major financial crimes. Attorney General Eric T. Schneiderman on Friday named Gary Fishman, a veteran financial crimes prosecutor, to head the newly formed state Criminal Enforcement and Financial Crimes Bureau. The unit, which expands the office's former Criminal...

Islamic Finance Education

This growth has not only been due to the impressive stability that Islamic financial institutions displayed during the financial crisis but also because of the critical mass they have attained (with assets now exceeding 1.7 trillion dollars). Islamic banks provide unique financial services that cater to the needs of a growing segment of investors and credit seekers in many parts of the world. This has meant increasing internationalisation of Islamic banks striving to break out of their home markets and gain footholds in more competitive and bigger financial markets. The growth of Islamic finance, however, has its own challenges. Confined essentially to their home markets for decades, and playing largely their Islamic card, many Islamic banks have become complacent. In order to enter competitive new markets, Islamic banks need to shrug off this complacency and develop new ways of understanding both these markets and their own capabilities. Accordingly, this two-day programme seeks to expose participants to the essential dynamics of competing in the Islamic finance environment. During the programme participants will learn how to take a structured and strategic approach to understanding competitive dynamics in Islamic finance and banking, and identify the myriad business opportunities and challenges that lie in this field.

For smaller banks, the incremental costs are more significant. What you actually have to do is allocate resources in some cases from customer-facing positions to back office compliance positions. And your choice at the end of the day is, do you hire more staff or do you reduce staff in other areas to offset and compensate for needs in the compliance area? While from bank to bank that may vary, its a balancing act for any financial institution that has to deal with it when it comes to staffing. What does the increased oversight mean for consumers? For consumer lending in particular, because of certain requirements, there are things placed on banks that are going to limit their flexibility in individual situations to make loans. There are much stricter criteria than ever before. Now some of those guidelines are starting to loosen up somewhat as the economy gets better and values come back, but youre still faced with challenges.