Capital Eyes on the Market – Tuesday 5th February 2013

We take a look at some of the recent activity and events taking place in the UK and globally. For a more in-depth insight into how things may impact on your own financial planning priorities, please do get in touch. Enjoy a financial conversation as part of your regular financial planning review at SewellBrydenGunn.

Europe’s bankers face 20%pc bonus cut in the investment banking divisions widening the pay gap compared to US banks, it is reported…..

More Private Equity moves into securities underwriting to generate new sources of fee income…..

UK banks risk regulatory break up if they do not fully comply with new rules to protect retail banking operations, it is reported….

SEPA – Not long to go – less than 12 months – preparations by businesses should be well under way for the introduction of the Single European Payments Area (SEPA) (deadline 1 February 2014 for euro area and 31 October 2016 for non-euro area Member States) which will fundamentally change the way payments are made and accounted for throughout Europe.

SEPA – an area in which individuals and businesses can make and receive card and electronic payments in euro across Europe simply cheaply and efficiently regardless of their location.

In other words SEPA defines the creation of an integrated euro payments market, with a geographical scope that extends beyond the eurozone to encompass all EU member states (including UK) as well as Norway, Iceland, Liechtenstein, Switzerland and Monaco – following on from the introduction of euro notes and coins in 2002, it is viewed as a natural evolution of economic and monetary union, marking a further step towards the creation of a Single Market for Europe……

Introduction of the Euro has been cited as a big benefit for German manufacturers selling into the rest of Europe, especially German car manufacturers – it is reported – virtually one in two cars produced in western Europe this year are expected to be made in Germany. The introduction of the single currency enabled greater competitive advantage for German manufacturers because it immediately removed regional countries’ ability to devalue local currency to restore local competitive advantage…..

The market “strobes” on with “green for up” market values this week following “red for down” market values last week. Watching a “blow by blow” “by the minute” market story unfold is clearly not for the faint hearted – it could be easy to forget that the FTSE 100 has actually risen above 6000 at the turn of the year…..

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