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  • FIG
    The dawn of 2012 brings new hope — and new fears. The sense of foreboding in financial markets is pervasive, but sentiment is self-fulfilling. Investors, bankers and funding officials alike must approach the year with determination and calmness, or the troubles besetting markets will only get worse. There are many good reasons to feel confident, as well as to worry. EuroWeek highlights five of each.
  • Forget the Mayan predictions, 2012 is not going to be the end of the world. Asian investors in particular have a lot to be optimistic about. But as the Asia Pacific region adjusts to changing economic conditions in other parts of the world, bond investors and issuers alike will have to change too.
  • The EFSF is the right borrower to bring the first SSA trade of the year. But anything less than a smooth print this week for the bail-out fund will be a missed opportunity to set much needed calm market conditions for the rest of the month and possibly even, rest of the year.
  • FIG
    The ECB is going to be the only bank that grows this year. It therefore needs to start acting like one. That means getting its vast warehouse of repo collateral back out to a market that desperately needs it.
  • FIG
    Investment bankers at RBS might once have been able to argue that building a global investment bank was the best deal for taxpayers. Not any more. In the current climate, ditching that ambition is the right thing to do.
  • FIG
    The Basel Committee is right to warn local regulators about capital relief deals that seek to game the system. But more transparency in the market would be a big step towards safety, without restricting legitimate risk transfer.