Global ETF News Older than One Year
IMF Working paper-Financial Stability Analysis: What are the Data Needs?
June 10, 2017--Summary:
The growing incidences of financial crises and their damage to the economy has led policy makers to sharpen the focus on financial stability analysis (FSA), crisis prevention and management over the past 10-15 years.
The statistical world has reacted with a number of initiatives, but does more need to be done? Taking a holistic view, based on a review of experiences of policy makers and analysts, this paper identifies common international threads in the data needed for FSA and suggests ways to address these. While there has been an encouragingly constructive response by statisticians, not least through the G-20 Data Gaps Initiative, more work is needed, including with regard to shadow banking, capital flows, corporate borrowing, and granular data. Further, to support FSA, the paper identifies potential enhancements to the conceptual advice in statistical manuals including with regard to foreign currency and remaining maturity.
view the IMF Working paper-Financial Stability Analysis: What are the Data Needs?
Source: IMF
TradeWeb Reports Record Volume in 2nd Quarter
July 8, 2017--More than $6.3 Trillion Traded Electronically-Up 32% over same period last year
TradeWeb Corporates Also Building Strong Momentum
TradeWeb, the leading network of online fixed-income markets, today announced record volumes for the second quarter of 2004. Investors traded a record $6.3 trillion in fixed,income securities on TradeWeb's global platform, up 32% from the same period last year and a 17% increase on the first quarter of 2004.
Source: Tradeweb
BlackRock exchange traded funds hit new record inflows of $140bn
July 8, 2017--First six months of 2017 beat whole of last year for asset manager
BlackRock pulled more cash into its exchange traded fund arm in the first six months of 2017 than over the whole of last year, when the world's largest asset manager attracted record ETF inflows.
Source: FT.com
Transparency Pays: Emerging Markets Share More Data
July 7, 2017--If sunlight is the best disinfectant, as US Supreme Court Justice Louis Brandeis once famously said, can it also be a money maker? We have tried to quantify the financial gains from greater transparency that emerging market countries can achieve.
Our new research shows that greater data transparency leads to a 15 percent reduction in the spreads on emerging market government bonds one year after the transparency improvements are made.
view moreview the IMF Working paper-The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads
Source: IMF
World Gold Council-Gold Investor, June 2017
July 6, 2017--Welcome to the summer edition of Gold Investor, where leading commentators and market participants discuss new developments for gold and its evolving global role.
Source: World Gold Council
IOSCO consults on recommendations and good practices in liquidity risk management for funds
July 6, 2017--The International Organization of Securities Commissions (IOSCO) published today the consultation paper titled Recommendations of Liquidity Risk Management for Collective Investment Schemes, which seeks to address structural vulnerabilities arising from asset management activities, as part of its mission to protect investors and mitigate systemic risk in global financial markets.
IOSCO also published today another consultation paper that provides practical information, examples and good practices regarding open-ended fund liquidity risk management, to supplement its recommendations.
view the Consultation on CIS Liquidity Risk Management Recommendations paper
Source: IOSCO
New World Economic Forum Investment Model Set to Transform Digital Adoption
July 6, 2017--Policy levers can transform an unsustainable business case into a financially sound investment, as demonstrated in East Africa's Northern Corridor
By deploying targeted policy levers, the cost of bringing 25 million new users online in Africa's Northern Corridor can be reduced by 23% or $400 million
New tool allows users to calculate core metrics associated with closing the digital gap in any country, including the total amount of investment required
The World Economic Forum today announced the launch of a second White Paper on "An Investment Framework for Digital Adoption". Published in collaboration with the Boston Consulting Group, it illustrates an investment model that can be used to quantify the costs to achieve universal internet access and adoption.
Source: WEF (World Economic Forum)
Criteria for identifying simple, transparent and comparable short-term securitisations proposed by BCBS and IOSCO
July 6, 2017--The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) today released the consultative document Criteria for identifying simple, transparent and comparable short-term securitisations (the short-term STC criteria), which is available on the BCBS and IOSCO websites.
The short-term STC criteria maintain and build on the principles in the Criteria for identifying simple, transparent and comparable securitisations issued by BCBS-IOSCO in July 2015.
Source: BIS
BIS-Capital treatment for simple, transparent and comparable short-term securitisations proposed by the Basel Committee
July 6, 2017--The Basel Committee on Banking Supervision today released the consultative document Capital treatment for simple, transparent and comparable short-term securitisations.
The Committee's proposed capital treatment supplements the consultative document Criteria for identifying simple, transparent and comparable short-term securitisations issued jointly with the International Organization of Securities Commissions (IOSCO).
The consultative document sets out additional guidance and requirements for the purpose of applying preferential regulatory capital treatment for banks acting as investors in or as sponsors of simple, transparent and comparable (STC) short-term securitisations, typically in asset-backed commercial paper (ABCP) structures. The additional guidance and requirements include that:
investors have access to key monthly information on the performance and key characteristics of the ABCP structure;
the redemption risk of the underlying assets is addressed from the sponsor's perspective; and...
Source: BIS
Explosion in money flowing into ETFs may lead to a market liquidity problem, Bank of America says
July 6, 2017--Bank of America Merrill Lynch warns of liquidity problems caused by ETFs.
There is now $4 trillion invested in ETFs.
"ETF fads can drive massive PE distortions," says the report.
Source: CNBC.com
