BlackRock to buy software firm eFront for $1.3bn-continued

March 22, 2019--BlackRock will pay $1.3 billion in cash for French software firm eFront, an end-to-end alternative investment management software firm.
BlackRock is to buy alternative investments-focused French software provider eFront for $1.3bn. The asset manager will combine e-Front with its Aladdin risk analytics platform...

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Europe ETP News
Monday Morning Memo: Review of the European ETF Market, September 2019
October 14, 2019--After outflows in August, the promoters of ETFs in Europe enjoyed above average inflows in September. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management in the European ETF industry from €757.0 bn as of August 31, 2019, to €795.5 bn at the end of September.
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New WisdomTree ETF on Xetra: Cloud technology companies
October 14, 2019--Since Monday, a new WisdomTree ETF is tradable via Xetra and Börse Frankfurt.
The WisdomTree Cloud Computing UCITS ETF-USD Acc gives investors the opportunity to invest in cloud technology companies. The ETF aims to track the price and return performance of the BVP Nasdaq Emerging Cloud Index before fees and expenses.
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LuxSE releases Guide to ESG Reporting
October 14, 2019--In line with its stated objective to promote transparent capital markets, the Luxembourg Stock Exchange (LuxSE) has published a set of comprehensive guidelines for reporting on Environmental, Social and Governance aspects (ESG).
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LSE lays down tougher rules for green bond reporting
October 11, 2019--Exchanges push out series of initiatives aimed at facilitating sustainable investments
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Euro area securities issues statistics: August 2019
October 11, 2019--The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 3.2% in August 2019, compared with 3.0% in July.
For the outstanding amount of listed shares issued by euro area residents, the annual rate of change was-0.1% in August 2019, the same as in July.
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ECB-Account of the monetary policy meeting
October 10, 2019--of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 11-12 September 2019
October 10, 2019--1. Review of financial, economic and monetary developments and policy options
Financial market developments
Mr Cœuré reviewed the financial market developments since the Governing Council's previous monetary policy meeting on 24-25 July 2019. Global financial markets had undergone a strong correction over the summer, which bore a close resemblance to the episode observed during the spring.
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New SPDR-ETF on Xetra: Global Bond Market
October 10, 2019--Since Thursday a new Exchange Traded Fund of State Street Global Advisors is tradable via Xetra and Börse Frankfurt.
SPDR Bloomberg Barclays Global Aggregate Bond USD Hdg UCITS ETF (Acc) offers investors the opportunity to invest in the global bond market.
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Growth Slows Across Europe and Central Asia Amid Weakening Trade and Flagging Industrial Activity
October 9, 2019--Economic growth across Europe and Central Asia is slowing, with regional growth estimated at 1.8% for 2019, according to the latest World Bank Economic Update for Europe and Central Asia.
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Long term real interest rates fell below zero in all euro area countries
October 8, 2019--The 10-year real government bond yield, which is the nominal yield deflated by expected inflation, has fallen below zero in Italy and Greece, boosted by increased market confidence for their new governments.
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European Commission-Blockchain now and tomorrow: assessing the impact of distributed ledger technologies
October 8, 2019--It's the technology behind bitcoin and other cryptocurrency, but blockchain has the potential to transform the way we exchange a much wider range of assets.
It could enable the secure transfer of money, contracts, land titles, data, services and other assets digitally, with few or no intermediaries.
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Deutsche Boerse welcomes Goldman Sachs Asset Management as new ETF issuer-1,500 ETFs listed on Xetra for the first time
October 8, 2019--Since Tuesday, an Exchange Traded Fund (ETF) by Goldman Sachs Asset Management has been tradable via Xetra and Börse Frankfurt for the first time. With the new product, the number of ETFs in Xetra trading reaches the 1,500 mark.
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Natixis and EDHECinfra team up to evaluate the impact of ESG on infrastructure investing
October 7, 2019--Infrastructure benchmark pioneers to create measures and indices of the increasingly significant impact of ESG (Environmental, Social, Governance) factors on infrastructure investments
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ESMA Newsletter-No.8
October 7, 2019--The eighth edition of ESMA's newsletter is available.
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ESMA-Update on the UK's withdrawal from the European Union-preparations for a possible no-deal Brexit scenario on 31 October 2019
October 7, 2019--On 29 March 2017, the United Kingdom of Great Britain and Northern Ireland (UK) invoked Article 50 of the Treaty on European Union (TEU) which triggered the process for its withdrawal from the European Union (EU), or Brexit. The invocation procedure provides that after a negotiation period of up to two years, the TEU cease to apply to the Member State which invoked Article 50.
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ESMA updates Q&A on MiFIR data reporting
October 7, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on data reporting under the Market in Financial Instruments Regulation (MiFIR).
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ESMA adopts MAR standards on supervisory cooperation
October 8, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has issued today its final report on a set of Regulatory Technical Standards (RTS) on the application of the Market Abuse Regulation (MAR).
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Monday Morning Memo: Index Funds Are On the Rise
October 7, 2019--With the rise of ETFs, index mutual funds had been out favour with European investors until the year 2015. But even as index funds got some positive momentum since 2016, ETFs still experienced higher inflows.
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ESMA Opinion clarifies application of pre-trade transparency and price determination in frequent batch auctions
October 4, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, as today published an opinion on frequent batch auctions (FBAs) and the double volume cap mechanism. ESMA's Opinion reflects the conclusions of its Final Report on Periodic Auctions (June 2019) which identified several shortcomings of FBA systems in the area of pre-trade transparency and the price determination.
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ESMA publishes updates its Q&As on investor protection issues
October 4, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).
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ESMA updates EMIR Q&A
October 2, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding data reporting issues, stemming from the European Markets Infrastructure Regulation (EMIR).
The Q&As clarify:
OTC Question 2(h) on when counterparties that start taking positions in OTC derivatives need to notify the relevant NCAs and ESMA;
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ESMA updates its CSDR Q&As
October 2, 2019--October 2, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding the implementation of the Central Securities Depository Regulation (CSDR).
The updated Q&As provide answers to questions regarding practical issues on the implementation of the new CSDR regime.
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Financial advisers and the 'wealth tax' toll
October 1, 2019--A wealth tax has always been anathema to UK governments. The closest was Labour's capital transfer tax, which ran from 1974 to 1986.
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FCA eyes liquidity reforms to avert replay of Woodford crisis
October 1, 2019--The UK regulator has fired the starting gun on a shake-up of investment fund liquidity rules following a number of high-profile fund suspensions-a move that could have far-reaching consequences for the future of daily traded investment funds.
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ESMA prepares for new responsibilities in 2020
October 1, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published its 2020 Work Programme (WP), setting out its priorities and areas of focus for the next 12 months in support of its mission to enhance investor protection and promote stable and orderly financial markets.
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ESMA analyses use of derivatives by UCITS equity funds
September 30, 2019--The European Securities and Markets Authority (ESMA), the EU's securities market regulator, has conducted a study on the use of derivatives by UCITS equity funds in collaboration with researchers from the Technical University of Munich (TUM).
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ESMA study finds high impact of costs on performance, especially for active equity funds
September 27, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has carried out a study of the performance of active equity funds as compared to passive equity funds, ETFs and relevant benchmarks.
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ECB-Monetary developments in the euro area: August 2019
September 26, 2019--Annual growth rate of broad monetary aggregate M3 increased to 5.7% in August 2019 from 5.1% in July (revised from 5.2%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 8.4% in August from 7.8% in July
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IHS Markit Launches First Global Index for Carbon Credits
September 25, 2019--Global Carbon Index combines proprietary information and futures markets data to produce the first benchmark for the global price of carbon
IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it has launched the IHS Markit Global Carbon Index, the first benchmark for the global price of carbon credits.
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Goldman Sachs enters European ETF battle
September 25, 2019--The debut marks the entry of another aggressive US group into Europe's $890bn ETF market where Vanguard, Invesco and JPMorgan are all racing against European rivals to compete with BlackRock, the world's largest ETF manager.
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Challenges ahead for the European Central Bank: Navigating in the dark?
September 25, 2019--Since the second half of 2018, signs of a slowdown have been piling up in the euro area. The ECB will face major challenges in this potentially difficult period: its main tools are nearly exhausted, the monetary union in which it operates is still incomplete, and it lacks the understanding of what the 'new normal' looks like.
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Trading costs rise after Switzerland's loss of EU access rights
September 24, 2019--Price of trading shares in small and mid-cap companies has increased by a fifth, analysis shows.
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ESMA publishes study on the exposure of the EU fund industry to CLOs
September 24, 2019--Following the significant pickup in the issuance of leveraged loans and collateralised loan obligations (CLOs) in the US and EU, supervisors have expressed concerns about the potential risk to investors.
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iSTOXX(R) Global Cities of Tomorrow Select 30 Index licensed to Citi
September 24, 2019--Qontigo's global index provider STOXX Ltd. has licensed the iSTOXX(R) Global Cities of Tomorrow Select 30 Index to Citi to serve as an underlying for structured products.
The index allows a targeted investment in the sustainable smart city megatrend.
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Boerse Stuttgart Launches Regulated Digital Exchange
September 23, 2019--Fully regulated under the German Banking Act
In a Sept. 23 news release, the Boerse Stuttgart Group-Germany's second-largest stock exchange-announced that trading has begun.
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BNP's prime brokerage deal with Deutsche may transfer up to 1,000 staff
September 23, 2019--A deal to transfer Deutsche Bank's (DBKGn.DE) prime brokerage business to BNP Paribas (BNPP.PA) could see up to 1,000 staff move from the German lender to the French bank, BNP said on Monday.
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ECB to publish new unsecured overnight interest rate
September 21, 2019--Overnight benchmark interest rates important for financial markets and monetary policy implementation
ECB overnight rate will complement existing benchmark rates produced by the private sector and serve as a backstop to private sector benchmark rates
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Commerzbank to Slash 4,300 Jobs as Zielke Steps Up Cost Cuts
September 20, 2019--Lender to sell Polish mBank unit to help pay for job cuts
New measures also include closing 200 Commerzbank branches
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