European Commission: Consumer financial services: Commission study identifies remaining hurdles-continued

April 24, 2018--The European Commission has today published a study on consumer financial services identifying obstacles that consumers continue to face in the EU when buying investment funds, investment-driven life insurance or private pension.
By pointing to the remaining impediments, the study illustrates the role of EU legislation, such as MIFID II, PRIIPS and the Insurance Distribution Directive, which have recently entered into application as of this year or will soon apply. Specifically, the study finds that while consumers have access to a large and diverse range of products, they face challenges in collecting and comparing information across the board. It also notes that costs for similar products continue to be very different across Member States. The wide-ranging study also shows that seeking advice from non-independent advisors, such as banks and insurers, remains the norm for the average European investor. Lastly, the study underlined that the potential for new distribution models based on FinTech is promising but must be monitored carefully.

view more

Source: European Commission

Europe ETP News
Monday Morning Memo: 2018 was an outstanding year for ETFs in Europe
January 21, 2019--The year 2018 was an outstanding year for exchange-traded funds even though it was a tough year for the European fund industry overall. The return of volatility caused by uncertainties coming from a possible trade war between the USA and China, the ongoing Brexit discussions, and a possible return of the euro crisis after the forming of a government in Italy led European investors to reduce the risk in their portfolios.
read more
Review of the European ETF Market, December 2018
January 18, 2019--The promoters of ETFs in Europe enjoyed net inflows for December. Nevertheless, the assets under management in the European ETF industry decreased as the inflows were not able to offset the negative performance of the underlying markets. In more detail, the assets under management in the European ETF industry decreased from €666.1 bn as of November 30, 2018, to €633.1 bn at the end of December.
read more
Vanguard moves into Italy with ETF range
January 18, 2019--The world's largest investment group, Vanguard, has announced its expansion into Italy by listing a range of 19 equity and fixed income ETFs on the Borsa Italiana.
read more
European AI platform launches with EUR 20m EU funding
January 17, 2019--The EU's AI4EU artificial intelligence project officially launched Thursday with a view to mobilising Europe's AI community to build the first European on-demand Artificial Intelligence (AI) platform.
read more
SocGen Considers Shutting $4.7 Billion Prop-Trading Unit
January 17, 2019--Executives reviewing future of Descartes division: sources
Crosstown rival BNP shuttered prop-trading unit last week
read more
RBC I&TS extends position in Sweden following appointment by Nordea Markets
January 16, 2019--RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Nordea Markets to provide custody, fund administration, transfer agency and related services for its UCITS Exchange Traded Funds (ETF) business listed in Sweden
read more
Official Statistics: Forecasts for the UK economy: January 2019
January 16, 2019--A comparison of independent forecasts for the UK economy in January 2019
read more
ESMA reports on accepted market practices under MAR
January 16, 2019--The European Securities and Markets Authority (ESMA) has published today its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR).
read more
Lyxor lists Green Bond ETF in Sweden
January 16, 2019--On Tuesday 15th January, Lyxor launched our Green Bond ETF on the Nasdaq OMX Stockholm exchange.
The Lyxor Green Bond (DR) UCITS ETF (listing code LYXGREEN SS) was the world's first green bond ETF, and this is Lyxor's first Swedish listing.
read more
Solactive Global Gold Giants Index launched as underlying for new Harvest Portfolios Group ETF
January 15, 2019--Solactive is pleased to announce the launch of the Solactive Global Gold Giants Index, which will be used as the underlying of Harvest Portfolios Group Inc.'s Harvest Global Gold Giants Index ETF (TSX: HGGG).
read more
Flow Traders releases December 2018 ETP Market statistics
January 15, 2019--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market statistics for December 2018. This refers to general market observations only.
read more
New L&G ETFs on Xetra with focus on sustainability
January 15, 2019--Since Tuesday five new Exchange Traded Funds from L&G are tradable via Xetra and Bö;rse Frankfurt.
The five new equity ETFs give investors the opportunity to participate in the performance of large and medium-sized companies from a) various industrialised countries in the Pacific region excluding Japan, b) European industrialised countries excluding Great Britain, c) Japan, d) USA or e) worldwide.
read more
British Parliament rejects Theresa May's Brexit deal, leaving withdrawal from E.U. and prime minister's political future in doubt
January 15, 2019--With just 73 days to go until Britain is scheduled to leave the European Union, lawmakers Tuesday overwhelmingly rejected-by a vote of 432 to 202-the withdrawal deal painstakingly negotiated between Prime Minister Theresa May and her European counterparts.
read more
Invesco joins low-cost ETFs arms race with US funds
January 14, 2019--Invesco has stepped up its efforts in Europe's increasingly competitive low-cost ETFs market with the launch of a range of US Treasury Bond ETFs with ongoing fund charges of 0.6% to 0.10%.
read more
Tabula Launches European High Yield ETF
January 14, 2019--New European Credit UCITS ETF offers liquid exposure to 75 Crossover credits
Unlike traditional cash bond funds, exposed to minimal interest rate risk
Equal weighting avoids large sector biases, focusing mainly on corporates
read more
Brexit spells trouble for Europe's 660tn Euros derivatives market
January 14, 2019--Reclassification of futures contracts could push up margin requirements
As investors wait for the UK's vote on the Brexit withdrawal agreement, banks and brokers have already accepted that, from March 29, Europe will be split into two distinct capital markets.
read more
EU approves new rules on occupational pensions
January 14, 2019--The EU agreed new rules for work pension funds Thursday, in a bid to improve the way they are governed and to enhance clarity in the information that is provided to pension savers.
The EU Parliament, Council and the Commission agreed on a proposal for a revised Directive on occupational pension funds, known as IORP2.
read more
Monday Morning Memo: ETFs- Another Strong Year Ahead
January 14, 2019--A view on the overall fund flows in mutual funds for the year 2018 in Europe revealed it was rather a tough year for the fund industry. A more detailed view shows there were different trends driving fund flows.
read more
New WisdomTree-ETF on Xetra with focus on artificial intelligence
January 11, 2019--Since Friday, a new Exchange Traded Fund of the issuer WisdomTree is tradable via Xetra and Börse Frankfurt.
The WisdomTree Artificial Intelligence UCITS ETF gives investors the opportunity to participate in the performance of companies that are active in the field of artificial intelligence and are classified by the Consumer Technology Association (CTA) as Enablers, Developers or Enhancers.
read more
New iShares ETF on investment grade bonds from companies with good sustainability ratings
January 11, 2019--Since Friday, a new Exchange Traded Fund of iShares is tradable via Xetra and Börse Frankfurt.
With the iShares USD Corp Bond SRI 0-3yr UCITS Hedged (Acc) ETF, investors can participate in the performance of US dollar-denominated fixed-income bonds.
read more
ESMA report finds investment product performance highly impacted by charges
January 10, 2019--The European Securities and Markets Authority (ESMA) today publishes its first Annual Statistical Report (Report) on the cost and performance of retail investment products.
read more
IMF-Turkey Economic Monitor: Steadying the Ship
January 10, 2019--Taking Stock
Over the past six months, Emerging Markets and Developing Economies (EMDEs) have faced headwinds from declining capital flows, slowing global trade, and commodity price volatility.
read more
Account of the monetary policy meeting of the Governing Council of the European Central Bank
January 10, 2019--Held in Frankfurt am Main on Wednesday and Thursday, 12-13 December 2018
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Mr Cœuré reviewed the latest financial market developments. Since the Governing Council's previous monetary policy meeting on 24-25 October 2018, there were growing signs that investors were becoming more concerned about the global growth outlook, reflecting both the weakness in recent economic data in many jurisdictions and continuing geopolitical tensions.
read more
Turkey Economic Monitor: Steadying the Ship
January 10, 2019--Taking Stock
Over the past six months, Emerging Markets and Developing Economies (EMDEs) have faced headwinds from declining capital flows, slowing global trade, and commodity price volatility. In Turkey, these factors have combined with macro imbalances, perceived policy weaknesses, and international tensions to trigger a Lira sell-off and capital outflows.
read more
EBA reports on crypto-assets
January 9, 2019--The European Banking Authority (EBA) published today the results of its assessment of the applicability and suitability of EU law to crypto-assets. Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that are not addressed at the EU level.
read more
Crypto-assets need common EU-wide approach to ensure investor protection
January 9, 2019--The European Securities and Markets Authority (ESMA) today publishes its Advice to the European Union (EU) Institutions-Commission, Council and Parliament-on initial coin offerings and crypto-assets.
read more
ESMA provides standards on supervisory cooperation under the Securitisation Regulation
January 8, 2019--The European Securities and Markets Authority (ESMA) has issued today its final Regulatory Technical Standards (RTS) regarding cooperation between competent authorities (CAs) and the European Supervisory Authorities (ESAs) under Regulation (EU) 2017/2402 (the Securitisation Regulation).
read more
$1 Trillion Fleeing London Because of Brexit
January 7, 2019--Banks, insurers and money managers are planning to move about 800 billion pounds ($1 trillion) of assets from the U.K. to the rest of Europe as Brexit uncertainty takes its toll, according to a survey conducted by EY.
read more
Monday Morning Memo: Performance Review of Long-Term Mutual Funds Registered for Sale in Europe, Year End 2018
January 7, 2019--The year 2018 was a bumpy ride for the global securities markets as investors faced fears about a global trade war, geopolitical uncertainties and corporate scandals, as well as increasing interest rates. The resulting sluggish performance of the securities markets is also reflected in the average returns of long-term mutual funds registered for sale in Europe (-5.68%) for the year 2018.
read more
Investment banks muscle in on Europe's ETF battle
January 6, 2019--Global lenders beef up staffing and technology to try to gain trading edge
Europe's exchange traded fund market has become a global battleground, with some of the largest investment banks busily honing their ETF trading capabilities.
read more
ESMA updates its Q&As on MiFID II and MiFIR commodity derivatives topics
January 4, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on MiFID II and MiFIR commodity derivatives topics. These Q&As provide clarification on issues related to the MiFID II/MiFIR regime for commodity derivatives, including on position limits, position reporting and ancillary activity.
read more
ESMA updates its Q&As on MiFID II and MiFIR transparency topics
January 4, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
read more
New Ossiam Active ETFs on Xetra: Companies with good sustainability ratings
January 3, 2019--The two Ossiam World ESG Machine Learning UCITS ETFs offer investors the opportunity to participate in an active investment strategy with equities of large and medium-sized companies from developed countries worldwide.
read more
Xetra-Gold holdings rise to 181.47 tonnes at year-end
January 3, 2019--The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) increased to 181.47 tonnes at the end of the year 2018. This is a plus of more than seven tonnes over the course of the year.
read more
Cash Market achieves highest trading volume since 2008Cash Market achieves highest trading volume since 2008
January 2, 2019--In 2018, Cash Market of Deutsche Börse achieved an order book turnover of €1.72 trillion-the highest trading volume since 2008 and an increase of 17 per cent compared to the previous year (€1.47 trillion).
read more
Germany SLOWDOWN: Merkel's economy dented as manufacturing falls at fastest rate for 4yrs
January 2, 2019--GERMANY'S economy was dented again as the manufacturing sector slowed once more with new orders falling at the fastest rate in four years, a survey showed today.
read more
The UK FCA is Investigating 18 Companies Involved in Crypto Transactions
December 31, 2018--The UK's financial regulatory body, the FCA (Financial Conduct Authority), has revealed that it is has ongoing investigations into 18 companies with respect to cryptocurrency transactions.
read more
Euro celebrates its 20th birthday
December 31, 2018--The euro, Europe's common currency, turns 20 on 1 January 2019. Exactly 20 years ago, on 1 January 1999, 11 EU countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank.
read more
European Investors sell-off Mutual Funds in November 2018
December 27, 2018--After unexpectedly high outflows in October, European investors pulled further away from long-term mutual funds in November as the market environment and general sentiment remained negative. As a consequence, November was the seventh month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows.
read more