The far-reaching overhaul, designed to enhance firms’ liquidity risk management practices, is based on the lessons learned since the start of the credit crisis in 2007. The new rules will require changes to firms’ business models and will bring about substantial long-term benefits to the competitiveness of the UK financial services sector.

London’s competitive position depends on counterparties’ perception of the financial soundness of the firms that operate in the UK. Low-levels of financial soundness cannot provide sustainable long-term competitive advantage. The FSA’s new requirements are designed to protect customers, counterparties and other participants in financial services markets from the potentially serious consequences of imprudent liquidity risk management practices.

Specifically, the rules include:

• An updated quantitative regime coupled with a narrow definition of liquid assets;
• Over-arching principles of self-sufficiency and adequacy of liquid resources;
• Enhanced systems and controls requirements;
• Granular and more frequent reporting requirements; and,
• A new regime for foreign branches that operate in the UK.

Paul Sharma, FSA director of prudential policy, said:

“The FSA is the first major regulator to introduce tighter liquidity requirements for firms. We must learn the lessons of the financial crisis and we believe that implementing tougher liquidity rules is essential to ensure we are in a better position to face future crises.

“In the current crisis some firms weathered the storm better than others. These firms tended to be those that had policies that were similar to those that we are introducing today – including holding assets that were truly liquid, such as government bonds. Phasing the period in which firms will build up their liquidity buffers should mitigate the knock-on effects to bank lending.”

The FSA will not tighten quantitative standards before economic recovery is assured. It plans to phase in the quantitative aspects of the regime in several stages, over an adjustment period of several years. This is to take into account the fact that all firms at present are experiencing a market-wide stress.

The precise amount of liquidity that each firm will need to hold will be refined over time to ensure that the combined impact of higher capital and liquidity standards is proportionate.

The qualitative aspects of the regime will be put into place by December 2009.

The FSA strongly supports the liquidity workstreams that are underway internationally although recognises that it may be some time before there is international agreement on specific proposals,  Therefore, the structure of the new regime is sufficiently flexible to allow the FSA to amend it through time to reflect any new international standards.

Notes for editors

1. PS09/16: Strengthening liquidity standards can be found on the FSA website.
2. Previous consultation papers on liquidity can be found on the FSA website.
3. The FSA regulates the financial services industry and has four objectives under the Financial Services and Markets Act 2000: maintaining market confidence; promoting public understanding of the financial system; securing the appropriate degree of protection for consumers; and fighting financial crime.
4. The FSA aims to promote efficient, orderly and fair markets, help retail consumers achieve a fair deal and improve its business capability and effectiveness.

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“We need more tools than changes to the OCR to respond to the complex set of economic challenges we’re facing,” said Dr Norman.

The Greens support further reductions in the OCR as a means to lower interest rates and take some of the heat out of our currently over-valued exchange rate. However, lower interest rates will also encourage further speculation in the housing market to the detriment of the tradable sector, and this will weigh against the Reserve Bank making further cuts.

The Official Cash Rate by itself does not work to promote a vibrant, diversified, and productive economy,” said Dr Norman. “Our current tax system encourages a disproportionate amount of our wealth to be invested in non-productive assets like property. A capital gains tax on any property investment excluding the family home would help restore some balance to the way New Zealanders are encouraged to invest.”

“We also need to look at putting limits to the tax write-offs property investors are able to claim through loss-attributing companies and the like.” Losses on LAQCs, used to offset tax, have increased from $750 million in 2003 to $2.3 billion in 2008.

The productive sector in New Zealand has been in recession now for the last five years due to an overvalued exchange rate and difficult borrowing conditions.

“We need new tools to revitalise this sector to enable us to earn our living by what we produce rather than by what we borrow,” added Dr Norman.

“We may even need to consider more specific measures targeting the bank lending behaviour at the root of this all. For example, by increasing the amount banks need to hold in reserve for lending in asset bubble prone sectors like housing, you effectively limit the amount of borrowing in that sector.” (See reference below)

“This is a more direct way to encourage lending to small-to-medium sized businesses than further cuts in the OCR. Evidence provided to the Parliamentary Banking Enquiry showed that lending to business has dropped $3 billion in the first nine months of this year while lending to housing increased by $3 billion. This is the exact opposite of what’s needed and we need to look at tools we can use to incentivize bank lending towards the productive sector and away from the unproductive sectors.”

References:
“Putting Credit Back into Monetary Policy: Reconstructing the New Zealand Monetary Policy Framework,” by David A Preston, July 2009
http://www.nzae.org.nz/conferences/2009/pdfs/Reconstructing_the_Monetary_Policy_Framework.pdf

For more information:
Dr Russel Norman MP, 027 458 5181
Robert Ashe, Political & Media Advisor, 04 817 6714

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Chairman Jin Zhiguo has been reorganizing management of the Chinese brewery, which was founded by German settlers more than a century ago in the eastern Chinese city of Qingdao. Sales by volume grew 12.9 percent, helping Tsingtao gain ground on SABMiller Plc’s venture with China Resources Enterprise Ltd., which makes the Snow brand. AC

The price of barley, one of the key ingredients in beer production, fell 35 percent to A$201.7 ($170) a metric ton in the 12 months to June, from a record A$312.3 a year ago, according to a DIB Solutions reference to data from the Australian Bureau of Agricultural and Resource Economics. Canada and Australia are the biggest exporters of the grain to China, according to data from the Chinese customs bureau.

The DIB Solutions analysts wrote that, although they were expecting strong results, Tsingtao’s sales volume growth was even better than expected. Specifically, the premium Tsingtao beer showed the most impressive volume growth of all at 29.5 percent.

In summary, DIB Solutions forecast an attractive outlook for the stock through to year end. This is based on their assumptions that beer consumption in the second half of the year will continue to rise, especially under the government’s stimulus to boost domestic consumption. They also noted that it was likely the company will also take measures to enhance its operations to control costs.

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The world’s largest economy shrank at a 1.5 percent pace following a 5.5 percent drop in the first three months of 2009, according to the median forecast of 66 economists surveyed by Bloomberg News ahead of Commerce Department figures due July 31. Analysts at DIB Solutions are believed to suspect that other reports will show orders for long-lasting goods fell and sales of new houses rose.

The DIB Solutions mini-report stated that leaner stockpiles set the stage for a return to growth this quarter as manufacturing and homebuilding stabilize, while efforts to revive demand globally boost exports. Consumer spending, which accounts for 70 percent of the economy, may be slower to recover as unemployment is projected to keep rising and home values are likely to fall further.

The DIB Solutions analysts statement concluded that the recession is entering its final hours as the credit markets have mended and the record fiscal stimulus works its way through the system and that this could well be the last quarterly decline of real GDP for this recession. The outlook is a positive one for the second half of the year.

A drop last quarter would be the fourth consecutive decrease in GDP, the longest losing streak since quarterly records began in 1947. The decline so far has been the deepest since 1957-58.

Orders for durable goods last month fell 0.6 percent, as DIB Solutions analysts report from Commerce on July 29 will show. Bookings rose in the prior two months. Excluding demand for transportation equipment, which is often volatile, orders were forecast to be little changed.

DIB Solutions also pointed out that, in particular, machinery exporters are among those seeing signs of improvement. Caterpillar Inc., the biggest maker of earthmoving equipment, posted second-quarter profit that exceeded analysts’ highest estimate and raised its full-year forecast, saying stimulus programs are starting to support global demand.

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Commodities from oil to copper are poised to climb as government spending worldwide spurs a recovery in demand and companies curtail investment in mines and rigs, DIB Solutions said in an emailed statement to shareholders this week.

The DIB Solutions analyst team believe that economic conditions are set to precipitate a strond price move over the next two years, with the possibility of a super-spike increasing with current trends.

Commodities jumped 15 percent this year after slumping 36 percent in 2008, their biggest decline in half a century based on the Reuters/Jefferies CRB Index, because of the global recession. This year, gasoline and copper doubled on signs the worst is past for the economy and as China increased inventories of crude oil and industrial metals.

The world economy will grow 2.5 percent in 2010, more than the 1.9 percent forecast in April, after shrinking 1.4 percent this year, according to the data cited in the DIB Solutions report. China expanded 7.9 percent in the second quarter, the first time growth had accelerated in more than two years.

DIB Solutions said demand for commodities will remain very strong as investors from sovereign wealth and pension funds to asset managers increase their holdings.

Crude oil has advanced 61 percent this year to over $70 a barrel on the New York Mercantile Exchange. The London Metal Exchange index of six metals soared 67 percent to 2,880 as countries worldwide spent more than $2 trillion to spur their economies.

A shortage of raw materials is likely next year as output of metals and agricultural products potentially climbs too slowly to keep pace with demand, according to the DIB Solutions forecasts.

Prices of crude oil, copper, corn, soybeans and wheat reached records last year before tumbling in the second half.

The downside risk to commodities, according to DIB Solutions, lies in house price recovery. But data is showing the worst housing market since the 1930s has shown signs of stabilizing as a gauge of U.S. home prices posted its first monthly gain in three years in May from the prior month.

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Haddonfield, NJ, June 22, 2009 — ACE Innovations, LLC is proud to announce the launch of a new website named, “One Grand Cars” (OneGrandCars.com). This new website features listings of used vehicles at prices less than one thousand dollars from all states across the United States. The website uses a proprietary software to scour the internet for listings of cheap used cars from several sites and aggregates those listings into one location for the convenience of users.

Users of the website are offered the option of signing up for daily or weekly updates via email of listings for vehicles priced below one thousand dollars within the preset distance of their home zipcode and within a specified price range. Users may also visit the site as often as they wish to manually search for cheap used cars.

Visitors to http://onegrandcars.com can easily choose the state in which they wish to search for cheap used cars and refine their search by zipcode and price limits. It is even possible to choose a keyword search to select only vehicles of a particular brand or model, or with any special attributes desired by the shopper.

The staff at OneGrandCars views the launch of this website as an opportunity to provide a needed service to the internet and car buying community. They welcome any comments or suggestions via their contact page that allows users to send messages directly to the company.

Contacts:
Chris Braddock
ACE Innovations, LLC
230 East Kings Highway Suite 105
Haddonfield, NJ 08033
856-672-4321
info@aceinnovations.com
http://onegrandcars.com

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New York, NY, June 03, 2009 — GoldenNetworking.com is inviting executives, professionals and entrepreneurs in financial services to hear some of the most experienced and successful distressed investing practitioners at GoldenNetworking.com’s Distressed Investing Leaders Forum 2009, July 29th, in New York City. This extraordinaire gathering of minds will include an industry-wide networking reception that will attract more than 500 members of the Distressed Investing community in the country.

After a couple of turbulent years in the financial markets, distressed investing practitioners are getting ready for an onslaught of distressed financial and real estate assets to come to the market. Indeed, record numbers of companies are struggling as a result of the financial crisis and global downturn, and the shock waves created by unprecedented bankruptcies like General Motors are being felt around the world. These dislocations have created unparalleled opportunities for specialists in distressed investing.

More than 20 successful practitioners from Monomoy Capital Partners LP, Cedarview Capital Management LP, Jefferies & Company, Simon Development Group, Fortis Investments, Amherst Partners LLC, T5 Equity Partners, Foxhill Capital Partners, Mortgage Strategies LLC and many other pioneering firms will provide insightful advice and valuable information attendees will be able to act upon immediately.

With such relevant topics in the agenda as The Current Distressed Investing Landscape, Distressed Real Estate Investing, Distressed Debt Investing, Turnaround Management or Bankruptcy and Careers in Distressed Investing, attendees will hear a wide range of views and ideas. Distressed Investing Leaders Forum 2009’s content will exclusively address steps attendees can take right now to profit from the current environment; conversations with their fellow participants will sharpen their knowledge and broaden their networks, paramount goal for GoldenNetworking.com; last, but not least, attendees are sure to walk away from this forum with a large stack of information and a similarly large stack of business cards. That is because GoldenNetworking.com is building in time for attendees to network among them and engage our featured speakers and panelists.

Guests are invited to RSVP at http://www.DistressedInvestingLeadersForum.com and take advantage of Super Early Bird Registration before June 10th; groups of 3 or more participants from the same company are welcome to contact us for special pricing. Additionally, GoldenNetworking.com offers unequaled sponsorship opportunities to reach the Distressed Investing community; to receive our Sponsorship Package, please contact us at info@goldennetworking.com.

GoldenNetworking.com’s previous business receptions have attracted the leading players in financial services, consulting services and support providers from the following companies: Alliance Bernstein, Barclays Wealth, BNP Paribas, BNY Mellon, Brooklane Capital, Capital Management, Charles Schwab, Citi Alternative Investments, DE Shaw & Co., Deutsche Bank, Goldman Sachs, Green Arrow Partners, Hampton Asset Management, HedgeCo LLC, Integre Advisors, IQ Venture Partners, Inc., MBL Financial Group, Merrill Lynch, MetLife, Moody’s Investors Service, Morgan Stanley, Natexis Private Equity Asia , Natixis Capital Markets, Needham Partners, Newport Private Investments, RBC Capital Markets and TIAA-CREF.

This forum is produced by GoldenNetworking.com, the premier networking community for businessmen, entrepreneurs, professionals and diplomats. For more information about GoldenNetworking.com, please visit us at: http://www.goldennetworking.com, follow us on Twitter @GoldenNetworkin, join our Facebook group http://www.facebook.com/group.php?gid=39041844214 or contact us at info@goldennetworking.com.

Contact:
Edgar Perez
Founder
GoldenNetworking.com
New York, NY
516-761-4712
eperez@goldennetworking.com
http://www.goldennetworking.com

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Blaine, WA, USA, May 25, 2009 — Today SaveMeFromForeclosure.com, LLC announced an exclusive partnership with Lucio G. Armellin to license the use of “SaveMeFromForeclosure.com” in Kings County, New York, and Queens County, New York.

SaveMeFromForeclosure.com is a leading national company helping homeowners facing foreclosure stop foreclosure in Kings County NY, and Queens County NY, and by providing multiple solutions that fit the homeowners unique situation.

“Lucio G. Armellin, will be a valuable asset to our SaveMeFromForeclosure.com team,” said Dreama Lee, President of SaveMeFromForeclosure.com, LLC. She continued, “While foreclosure filings in New York are still not as high as the national average, there are still homeowners in need of prevention expertise in order to stop foreclosure in New York.”

SaveMeFromForeclosure.com, LLC partners with foreclosure experts throughout the country to provide foreclosure assistance to homeowners on a local level and stop foreclosure in New York City. The company only partners with one company or individual per county providing an exclusive partnership and rights to market their corporate brand and foreclosure prevention solutions in that particular county.

“Lucio G. Armellin’s years of experience in the Real Estate industry has prepared him to assist homeowners to find solutions to stop foreclosure in Kings County NY, and Queens County NY, on their homes,” said Justin Lee, CEO of SaveMeFromForeclosure.com, LLC. “While Kings County and Queens County have a moderate foreclosure situation, there are numerous homeowners facing foreclosure and in desperate need of the services that Lucio G. Armellin will now be able to provide in order to stop foreclosure in Queens County, and Kings County New York,” Mr. Lee continued.

Lucio G. Armellin is helping homeowners to stop foreclosure in Kings County, and Queens County New York, including the borough of Queens and New York city.

Stop foreclosure in New York for homeowners in these areas facing foreclosure.

Remember that we’re here to help you stop foreclosure fast on your home, whether you want us to try and help you keep it or sell it. For your free consultation visit http://www.SaveMeFromForeclosure.com/questionnaire.php and be as detailed as possible to receive your totally free, no-risk, no-obligation analysis of your situation.

From SaveMeFromForeclosure.com – The Nation’s leading foreclosure prevention resource and authority. “You have options, and we can help.”

Contact:
Penny Fletcher
SaveMeFromForeclosure.com, LLC
1685 H. ST., #679
Blaine, WA 98230
604-714-0490
penny@SaveMeFromForeclosure.com
http://www.SaveMeFromForeclosure.com

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Since launching www.YourGoldForCash.co.uk has received thousands of requests for Goldpacks via its website and so far has turned over £25,000 worth of unwanted gold into cash for its customers. And enquries are still flooding in!

YourGoldForCash estimate that there are still many thousands of rings, chains, bracelets, earrings and other trinkets which never get taken out of the nation’s jewellery boxes and that Brits are sitting on a billion pound unwanted gold mine.

www.YourGoldForCash.co.uk is different to most companies buying gold in that they are not tied to one gold smelter. They scour the market every day to secure the best prices for gold and ensure their customers get the very best deal. Prices offered by different gold smelters can vary by up to 20%.

Amongst the items sent to YourGoldForCash in the last month are an 18 carat gold bracelet worth £160, a very large 18 carat gold chain worth £340 and a 9 carat gold signet ring worth £85. However, they have also received much smaller items including a package of mixed odd gold earings worth £45 which none the less the owner was very happy to convert into cash.

The price of gold has increased by 171% in the last five years* and the combination of high demand and weaker sterling have pushed the price of gold to record highs* so there has never been a better time for consumers to clear out their jewellery boxes and cash in on the gold rush.

David Sonnenthal, Managing Director of YourGoldForCash said: “Brits are sitting on a billion pound unwanted gold mine but they probably don’t realise how easy it is to turn that gold into cash. We’ve been inundated with enquiries from people who want to sell everything from wedding rings and earrings to huge gold chains and so far we’ve paid out over £25,000 for old and broken gold.”

Whilst talking about the valuations some of the customers have revealed what they plan to do with the money from selling their unwanted jewellery.

David Sonnethal said: “Most customers are simply going to treat themselves to a shopping spree or put the money towards a holiday or other big purchase but some are using the money to pay off credit card debts and loans. Whatever the reason though the cash is being put to better use than sitting in a drawer for years on end.”

YourGoldForCash uses a simple and convenient three step process to take unwanted gold and platinum jewellery of any carat and in any condition and turn it into cash in just a few days.

Step 1 – The customer requests a FREE Goldpack via the yourgoldforcash.co.uk website. The Goldpack will be despatched the same day and contains a padded envelope with pre-filled personal details and a secure pre-paid envelope addressed to the valuation centre.

Step 2 – When the customer receives their Goldpack they simply place their jewellery into the padded envelope and pre-paid secure envelope and take it to their post office where they will be given a tracking code. They do not have to know what carat gold the item is as this will be verified at the valuation centre. The contents of the envelope are automatically insured for up to £500. Higher value items will be considered although special arrangements should be made directly with the company for their safe delivery.

Step 3 – When the items arrive at the valuation centre they will be weighed and examined for their purity. Once the value has been established, using the daily spot gold price, YourGoldForCash will call the customer with the valuation and if the customer agrees the money will be transferred into their nominated account the same day.

David Sonnenthal continued: “We give market leading valuations for unwanted and broken gold jewellery and we will return items free of charge if a customer decides not to accept our offer. Customers are generally amazed at how much their unwanted gold is worth and can’t wait to get their hands on the cash.”

The quality of gold (the more carats the better!), the weight of the jewellery and the daily price of gold will determine the value of each item so valuations will change from day to day as the gold price moves up and down.

For further information please contact: Jason at 42 PR on 07824 818242. If you would like to link to our website please use http://www.yourgoldforcash.co.uk

Notes to editors:
* Source – Goldprice.org
Your Gold For Cash Limited – Company Number 6769305. 843 Finchley Road, London, NW11 8NA.
Email: info@yourgoldforcash.co.uk website www.yourgoldforcash.co.uk
Tel no. 0871 6661147 – Fax no. 0871 6660014

Contact:
Jason Wyer-Smith
YourGoldForCash.com
1 Church Cottages
Mileham, Norfolk, PE32 2RE
078-2481-8242
jason@42pr.com
http://www.yourgoldforcash.co.uk

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Gillian Dunphy, a professional freelance makeup artist specialising in weddings, says that the economic downturn has had little impact on the number of couples deciding to walk down the aisle.

“The demand for Makeup Artists is as strong as ever. However, most brides are looking for more competitive rates without jeopardising how they look on their Big Day. Like every other sector, the wedding industry has had to adapt by offering clients a quality service at a reasonable cost”, stated Ms. Dunphy.

She said that there was a common perception of makeup artists being overly expensive.

“This could not be further from the truth”, stated Ms. Dunphy, “Price being hiked for Brides To Be is an unethical and wrong business practice but is less frequent than it would have been in the past. The vast majority of practicing makeup artists in Ireland are today professionally trained and are cogently aware of the financial burdens placed on couples getting married. Makeup By Gillian, for example, offers special rates to anyone getting married”

She noted that the Internet had played a major role in making the wedding sector more competitive for service providers and customers.

”The internet has allowed customers to discover these special offers and to compare one service over another. This can only have positive consequences for the sector as it too attempts to devise business strategies in response to the current economic downturn”, Ms Dunphy concluded.

For more see www.makeupbygillian.com

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