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Bank Breakup Bill Set for Crunch Talks Among EU Nations
June 9, 2015--European Union nations are pushing to reach agreement by the end of the month on a bill intended to tackle too-big-to-fail banks.
Envoys from the bloc's 28 national governments will hold crunch negotiations in Brussels on June 17, with the aim of sending the legislation to finance ministers for approval in Luxembourg two days later, two people with knowledge of the matter said, asking not to be identified because the talks aren't public.
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Source: Bloomberg
CP15/18: Fair, reasonable and non-discriminatory access to regulated benchmarks
June 9, 2015--In an previous Consultation Paper published in December last year, CP14/32 Bringing additional benchmarks into the regulatory and supervisory regime, the UK's Financial Conduct Authority (FCA) received responses raising concerns about the unconstrained ability of benchmark administrators to set the costs of benchmarks to users.
In its response detailed in Policy Statement 15/6: Bringing additional benchmarks into the regulatory and supervisory regime, the FCA stated that it would consider whether additions to the rules in Chapter 8 of the Market Conduct Sourcebook (MAR 8) were necessary.
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Source: rimes.com
MNI Russia Consumer Sentiment Falls to 72.8 in May
Improvement in Outlook for Finances, Inflation and Jobs
June 9, 2015--The MNI Russia Consumer Sentiment Indicator
remained broadly stable at 72.8 in May compared with 73.0 in April.
Though consumer sentiment was
down 17.7% on the year, our survey provides a tentative sign that we have reached a trough in confidence as some measures in our survey appear to have stabilised following January's sharp setback.
In particular, consumers are less pessimistic about their current financial situation than they were at the start of the year, while their expectations for business conditions in five years' time have recovered the ground lost from January's drop.
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Source: MNI
Finansinspektionen-Resilience Continues To Be Sound But Measures Required Resilience continues to be sound but measures required
June 9, 2015--The Swedish financial system is functioning well and the banks' resilience to disruptions is satisfactory. At the same time, measures are required to reduce the risks linked to household indebtedness.
These are two of the conclusions drawn in FI's Stability Report, which is being presented today.
Resilience in the Swedish financial system is satisfactory. The banks have sufficient capital and good access to low-cost funding, which means that they have the capacity to provide both companies and households with loans.
view the summary report-Stability in the financial system
Source: Finansinspektionen
EU to propose lighter capital rules for banks to revive securitised debt
June 8, 2015--The European Commission will propose lighter capital requirements on simple pooled debt instruments, in a bid to free banks to use these so-called securitisation products to help raise more funds to finance economic growth.
Regulators imposed tough capital requirements on banks creating securitised debt after often-complex products based on U.S. home loans became untradable in 2007, triggering the global financial crisis, and the sector in Europe has yet to regain pre-crisis levels
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Source: Reuters
520 European ETFs Rated on TrackInsight
June 8, 2015--Koris International, an innovative investment advisory firm, announces today the launch of the TrackInsightTM ratings of the 520 most significant European ETFs.
These ratings are available for professional investors on www.trackinsight.com, an ETF comparison and selection platform.
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Source: Koris International
BNP, Eurizon selectors scrutinise active funds
June 8, 2015--Two leading European fund selectors are conducting research into the ability of active managers to outperform the market, a move that could have implications for the investment decisions of gatekeepers across Europe.
FundQuest Advisor, the fund selection unit of the BNP Paribas group, and Eurizon Capital, Intesa Sanpaolo's asset management arm...
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Source: FT.com
Bond-Market Volatility Triggers Alarms
U.K.'s debt agency chief raises prospect that swings could cause investors to balk at buying bonds at auction
June 8, 2015--Regulators and government officials are becoming increasingly worried about rising volatility in government bond markets.
Federal Reserve and European Central Bank officials have publicly discussed the issue in recent weeks, and the head of the U.K.'s Debt Management Office raised the prospect that the swings could one day cause investors to balk at buying its bonds at auction.
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Source: Wall Street Journal
EBA publishes final draft standards on assessment methodologies to use Advanced Measurement Approaches for operational risk
June 5, 2015--The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS), which specify the criteria that Competent Authorities need to take into account before granting institutions permission to use advanced measurement approaches (AMA) for calculating their capital requirements for operational risk.
These RTS are part of the overall review of internal models undertaken by the EBA and are part of the Authority's efforts to harmonise practices for the approval of internal models in the area of credit, market and operational risk models across the EU banking sector. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector across the European Union.
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Source: European Banking Authority (EBA)
ESMA issues Q1 risk dashboard for securities markets
June 5, 2015--The European Securities and Markets Authority (ESMA) issued today its second Risk Dashboard 2015 for the EU's securities markets, covering the first quarter of 2015 (1Q15).
In 1Q15, EU systemic stress remained at previous levels. Contagion, liquidity, and credit risk remained high but stable while market risk increased after having partially materialised already in the previous quarter.
view the ESMA Risk Dashboard-No. 2, 2015
Source: ESMA
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