Super High Margins required on Bitcoin Futures

In my opinion the collateral required to back up futures trading - but also all over-the-counter derivatives trading - is way too low and not sufficient to withstand a market crash like the one in October 1987 or during the GFC (Great Financial Crisis).
2%, even 8% margin as suggested in this article are never going to be sufficient when markets move 10, 20 per cent of more within days.
The outcome can only be described as truly catastrophic, not only for market participants, but for society and the economy as a whole. It would drive a stake right through the heart of Capitalism.
Why Interactive Broker's Founder fears Bitcoin Futures (Barron's, Pay Wall)

MIFID: Now the Tax Man wants to have his cut

Just when you thought the 1000+ pages MIFID nonsense could not get any worse this news hits the wire. Could it be that it was all along the main purpose of this unnecessary and counterproductive EU edict to create new tax raising opportunities for the voracious appetite that quasi-democratic politicians so desperately are looking for? Just one more reason to make it more attractive for the Financial Service Industry to decamp to friendlier climes, such as New York, Dubai, Singapore. Maybe a successful Brexit will make Britain to abolish this convolut.
Bloomberg

Deutsche Bank: Lacks top managers

This article points to a weakness in the bank's staff development program. It should be one of the key - if not the key - responsibilities of Top Management to make sure that enough talented managers are moving through the ranks.
Temple Associates is able to conduct a 'Talent Audit' and put 40 years of experience at the disposal of your company.

Manager Magazin