| Cryptoassets Taskforce: final report-continued | |||||
| October 29, 2018--The joint HM Treasury-Financial Conduct Authority-Bank of England Cryptoassets Taskforce report sets out the UK's approach to cryptoassets and distributed ledger technology in financial services. | |||||
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| Source: HM Treasury | |||||
| Europe ETP News |
| UK business leaders urged to upgrade cyber security | |||
| December 10, 2018--International cyber criminals pose as great a threat as Russia, says British spymaster | |||
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| Monday Morning Memo: U.K. Treasury Paves Way for UCITs Funds and a "No-Deal" Brexit | |||
| December 10, 2018--The U.K. treasury has introduced a safety net for mutual funds and alternative investment sub-funds under the UCITs regulations in case of a "no-deal" Brexit. | |||
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| Eurex adds Flow Traders as FX derivatives liquidity provider | |||
| December 10, 2018--Flow Traders will provide liquidity for the Eurex FX futures and rolling spot FX futures products. | |||
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| Flow Traders NV: Dennis Dijkstra proposed for reappointment as sole CEO, CFO Marcel Jongmans steps down | |||
| December 7, 2018--The Supervisory Board has assessed the Management Board's profile and composition following Sjoerd Rietberg's earlier announcement not to opt for reappointment at the 2019 AGM. In consultation with the Management Board, the Supervisory Board has decided to propose to the upcoming AGM to reappoint Mr. Dijkstra as Flow Traders' sole CEO. | |||
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| Financial services exports to EU face 59% fall | |||
| December 7, 2018--Britain's exports of financial services to the EU could fall by almost 59 per cent as a result of leaving the single market, marking a "sea change".. | |||
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| Correction: DMG Mori AKTIENGESELLSCHAFT remains in SDAX | |||
| December 6, 2018--Deutsche Börse announced on Wednesday that DMG Mori AG will be excluded from the SDAX index on 27 December 2018 according to the fast exit rule. This information is not correct; DMG Mori AKTIENGESELLSCHAFT remains in SDAX. | |||
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| Carl Zeiss Meditec AG to be included in MDAX | |||
| December 5, 2018--On Wednesday, Deutsche Börse announced changes to its selection indices, which will become effective on 27 December 2018. The shares of Carl Zeiss Meditec AG will be included in the MDAX index and will replace the shares of CTS Eventim AG & CO. | |||
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| National Statistics: UK official holdings of international reserves: November 2018 | |||
| December 5, 2018--This release details movements in the international reserves of gold and assets held by the UK government. | |||
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| LSEG to shutter EQD business, pivots to interest rate products | |||
| December 5, 2018--The London Stock Exchange Group has decided to shut down some product lines in its equity derivatives business as it focuses on its interest rates offering | |||
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| WisdomTree launches Artificial Intelligence ETF (WTAI) | |||
| December 5, 2018--Tracks a unique index designed in collaboration with AI & technology market experts, Nasdaq and the Consumer Technology Association
Offers focused exposure to exponential AI megatrend WisdomTree, the exchange traded fund ("ETF") and exchange traded product ("ETP") sponsor, has partnered with Nasdaq and the Consumer Technology Association (CTA) to launch an ETF providing unique exposure to the Artificial Intelligence (AI) sector. | |||
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| Commission presents ways to further strengthen the euro's global role | |||
| December 5, 2018--In light of the upcoming European Council and Euro Summit in December, the Commission presents actions to strengthen the role of the euro in a changing world. In his State of the Union Address in September 2018, President Juncker highlighted the strategic importance of the euro and the need to ensure that the single currency can play its full role on the international scene. | |||
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| London's stockbrokers fight for survival | |||
| December 5, 2018--A new game has become popular in the City of London: making bets on which famous stockbroking name will disappear first. | |||
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| Maintaining Stability is Crucial to Russia's Growth and Poverty Reduction Goals, says World Bank Report | |||
| December 4, 2018--Russia's growth prospects remain modest, forecast at between 1.5% and 1.8% for the period 2018-20, says the World Bank's latest Russia Economic Report. Growth momentum increased in the first half of 2018, supported by robust global growth, rising oil prices and a macro policy framework that has promoted stability. | |||
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| The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy | |||
| December 4, 2018--The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions. | |||
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| New UniCredit ETF on Xetra: European Green Bonds | |||
| December 3, 2018--A new UniCredit Exchange Traded Fund has been tradable on Xetra and the Börse Frankfurt venue since Tuesday. | |||
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| Cash markets achieve turnover of 140.4 billion euros in November | |||
| December 3, 2018--Deutsche Börse cash markets generated a turnover of €140.4 billion in November (previous year: €154.2 billion).
Of the €140.4 billion, €129.0 billion were attributable to Xetra (previous year: €138.0 billion), bringing the average daily Xetra trading volume to €5.9 billion. | |||
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| Monday Morning Memo: Are active managers scared by the success of ETFs? | |||
| December 3, 2018--Sometimes it is quite fun to observe the European fund industry, especially pertaining to the active-versus-passive discussion. One of these fun topics is the fact that the more market share ETFs gain from net inflows, the more active managers start to talk about the risks of investing in ETFs. | |||
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| Calastone switches mutual fund trades to blockchain | |||
| December 2, 2018--Move is one of industry's biggest in terms of using online ledger to settle orders. | |||
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| ETFs set for sector inclusion by Investment Association | |||
| November 30, 2018--The Investment Association, the trade body representing the UK's asset management industry, has launched a consultation to determine whether exchange traded funds should be included in the IA's fund sector classification. | |||
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| New Lyxor ETFs on Xetra: Inflation-linked government bonds | |||
| November 30, 2018--The Lyxor Inverse USD 10Y Inflation Expectations UCITS ETF gives investors access to the break-even inflation of ten-year US Treasuries by combining short positions in inflation-indexed US Treasuries and long positions in US Treasuries with adjacent durations. | |||
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| ESMA sees rising market nervousness and sensitivity linked to Brexit risks | |||
| November 29, 2018--The European Securities and Markets Authority (ESMA) has issued today the latest iteration of its Risk Dashboard covering risks in the EU's securities markets for Q3 2018. ESMA's overall risk assessment remains unchanged from Q2 2018 at high levels. | |||
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| ESAs propose to amend bilateral margin requirements to assist Brexit preparations for OTC derivative contracts | |||
| November 29, 2018--The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), together the European Supervisory Authorities (ESA), have today published a final report with draft regulatory technical standards (RTS) proposing to amend the Commission Delegated Regulation on the risk mitigation techniques for OTC derivatives not cleared by a CCP (bilateral margin requirements) under the European Market Infrastructure Regulation (EMIR). | |||
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| BOE-Financial Stability Report November 2018 | |||
| November 28, 2018--The House of Commons Treasury Committee has requested that the Bank of England publish analysis of how leaving the European Union (EU) would affect its ability to deliver its objectives for monetary and financial stability.1 | |||
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| BOE-Financial Stability Report and Stress Test results-November 2018 | |||
| November 28, 2018--The 2018 stress test shows the UK banking system is resilient to deep simultaneous recessions in the UK and global economies that are more severe overall than the global financial crisis and that are combined with large falls in asset prices and a separate stress of misconduct costs. | |||
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| Bank of England says 'disorderly' Brexit worse for UK than global financial crisis | |||
| November 28, 2018--The Bank of England has published its 2018 U.K. bank stress tests and Brexit report. Earlier, the U.K. government admitted that all Brexit scenarios would slow the economy. | |||
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| Monday Morning Memo: European Investors sell-off Long-Term Mutual Funds in October | |||
| November 26, 2018--European investors pulled further away from long-term mutual funds as the market environment and general sentiment remained negative. As a consequence October was the sixth month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows. | |||
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| Fixed-income hedging set to climb as rates rise | |||
| November 25, 2018--Trading in European fixed-income derivatives is rising rapidly but still only covers half the amount of fixed-income assets that may need to be hedged as investors prepare for rises in interest rates. | |||
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| Managing risks of a no-deal Brexit in the area of central clearing | |||
| November 23, 2018--The European Securities and Markets Authority (ESMA) is publishing this Public Statement to address the risks of a no-deal Brexit scenario in the area of central clearing. The ESMA Board of Supervisors supports the continued access to UK CCPs to limit the risk of disruption in central clearing and to avoid negatively impacting EU financial market stability. | |||
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| ECB-Account of the monetary policy meeting of the Governing Council of the European Central Bank | |||
| November 22, 2018--Held in Frankfurt am Main on Wednesday and Thursday, 24-25 October 2018
1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Cœuré reviewed the latest financial market developments. | |||
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| he Juncker Plan at work: bringing investment back on track in Europe | |||
| November 22, 2018--In a Communication published today, the Commission reveals how the Investment Plan for Europe-the Juncker Plan-has helped bring investment back to a sustainable level in Europe, four years after its launch. The Investment Plan has exceeded its initial target and expectations and has now mobilised €360 billion worth of investments, two-thirds of which come from private resources | |||
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| STOXX Introduces ESG-X Version of STOXX Europe 600 Index | |||
| November 21, 2018--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has launched the STOXX(R) Europe 600 ESG-X Index. The index was developed based on feedback of asset owners, in order to accommodate their need for a version of Europe's key benchmark that is in line with the exclusion criteria of their responsible-investing policy. | |||
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| Unscheduled free-float adjustment of VTG AG in SDAX | |||
| November 21, 201--On Wednesday, Deutsche Börse announced an unscheduled change to the SDAX index. Due to the acquisition of VTG AG (DE000VTG9999) by Warwick Holding GmbH the free float of VTG AG changed by more than 10 percentage points. | |||
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| European Semester Autumn Package: Bolstering inclusive and sustainable growth | |||
| November 21, 2018--Commission sets out EU's economic and social priorities for 2019, presents Opinions on Draft Budgetary Plans and confirms the existence of particularly serious non-compliance with the Stability and Growth Pact in the case of Italy; Greece is integrated into the European Semester for the first time. | |||
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| Official Statistics: Forecasts for the UK economy: November 2018 | |||
| November 21, 2018--A comparison of independent forecasts for the UK economy in November 2018. | |||
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| IMF Country Report-Spain: Selected Issues | |||
| November 21, 2018--DIFFERENCES IN REGIONAL PRODUCTIVITY: WHAT IS BEHIND IT?1, 2 Recent studies of income convergence among Spanish regions suggest that the convergence has been slow since 1980 reflecting persistent regional disparities in total factor productivity. Our empirical analysis-employing stochastic frontier models-finds that, among other factors, differences in regions' skills mismatch and technology absorption capacity could be behind the disparities. | |||
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| Monday Morning Memo: Review of the European ETF Market, October 2018 | |||
| October 19, 2018--The promoters of ETFs in Europe enjoyed net inflows for October. Since the inflows were rather small, they couldn't offset the negative performance of the underlying markets, which led to decreased assets under management in the European ETF industry. | |||
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| Switzerland Approves to First Crypto Exchange Traded Product | |||
| While all eyes are still glued to the Securities and Exchange Commission in the United States to give a verdict on the first Bitcoin ETF, the Swiss regulators have just raced ahead. According to the latest updates coming from Switzerland, the main stock exchange has given a green light to the world's first exchange-traded product tracking multiple cryptocurrencies. | |||
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