Exclusive: ECB plots Amazon-style market to prevent Wall Street COVID debt swoop-continued

September 23, 2020--Europe is working on an Amazon-style website to sell hundreds of billions of euros of bank loans which have been soured by the coronavirus crisis, in a bid to shore up the economy and challenge the dominance of big Wall Street debt investors.

view more

Source: reuters.com


Europe ETP News
ESMA sets out final position on Share Trading Obligation
October 26, 2020---The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has released a public statement that clarifies the application of the European Union's (EU) trading obligation for shares (STO) following the end of the UK's transition from the EU on 31 December 2020.
read more
France broadens retail investor access to private equity
October 25, 2020--France's state-backed investment bank BPI has launched an innovative fund to provide access for retail investors to private equity strategies as part of a government plan to encourage greater participation in long-term investments.
read more
Will the ECB signal a step up in bond buying is on the horizon?
October 25, 2020--How will the ECB tackle mounting financial challenges?
When European Central Financial institution president Christine Lagarde and different high policymakers meet on Thursday, they are going to be uncomfortably conscious of the mounting challenges to the eurozone financial system.
read more
Vanguard active fund closure highlights challenge in Europe
October 22, 2020--The closure of Vanguard's Irish-domiciled actively managed US Fundamental Value fund highlights how the growth in its active business in Europe is lagging behind that of its passive offering.
read more
Forecasts for the UK economy: October 2020
October 21, 2020--Forecasts for the UK economy is a monthly comparison of independent forecasts.
read more
IMF-Regional Economic Outlook: Europe
October 21, 2020--The coronavirus disease (COVID-19) pandemic is exacting a severe social and economic toll on Europe. By mid-October 2020, more than 240,000 people have lost their lives in Europe, while nearly 7 million people are estimated to have been infected with the virus. Early spring lockdowns, voluntary social distancing, and associated disruptions in supply chains and lower demand led to a record collapse in economic activity.
read more
ECB-Euro area monthly balance of payments: August 2020
October 20, 2020--Current account recorded €20 billion surplus in August 2020, up from €17 billion in previous month[1]
Current account surplus amounted to €224 billion (1.9% of euro area GDP) in 12 months to August 2020, down from €265 billion (2.2%) one year earlier
read more
Almost 60% of Mutual Fund Assets Will Be ESG by 2025, PwC Says
October 19, 2020--ESG investing is the most significant development in money management since the creation of the exchange-traded fund two decades ago and it will reshape finance just as passive funds have.
That's the finding of a new report from PwC that forecasts as much as 57% of mutual fund assets in Europe will be held in funds that consider environmental, social and governance factors by 2025, or 7.6 trillion euros ($8.9 trillion), up from 15.1% at the end of last year.
read more
ESMA Newsletter-Nº17
October 19, 2020--In September, ESMA has appointed its CCP Supervisory Commitee staff, published the TRV and reviewed the Market Abuse Regulation. In this edition, we also take a look at our full list of ESMA staff external appearances taking place in October and finally catch up on the latest publications.
Along with the TRV report published on 2 September 2020, ESMA has published two working papers on Closet Index Funds and MIFIDII research unbundling. ​
read more
London Stock Exchange Welcomes Quikro, Tematica Research and HANetf Celebrating its Digital Infrastructure and Connectivity UCITS ETF
October 16, 2020--Europe's first thematic ETF focusing exclusively on digital infrastructure and connectivity has listed on London Stock Exchange.
read more
UK: spending to address COVID-19 and Brexit should fit with productivity, social and environmental goals
October 14, 2020--The United Kingdom faces major challenges from the COVID-19 crisis and leaving the EU Single Market. Ramping up investment in the digital economy, the service sector, green infrastructure and adult skills would strengthen the recovery and help to boost productivity and environmental sustainability for the long term, according to a new OECD report.
read more
New life for an old framework: redesigning the European Union's expenditure and golden fiscal rules
October 14, 2020--This briefing paper focuses on two aspects of the EU fiscal framework: whether an expenditure rule would be more reliable than a structural budget balance rule and the possible benefits and drawbacks of introducing a golden rule to exclude certain types of investment from the operational fiscal rule.
read more
For the euro there is no shortcut to becoming a dominant currency
October 13, 2020--As an international currency, the euro has always been a distant second to the dollar. The idea of a greater international role for the euro has been floated, but without major institutional reform the euro will not challenge dollar hegemony.
read more
UK active managers fail to prove their mettle in a bear market
October 12, 2020--Only half of stock pickers outperformed in 2020's volatile markets
read more
ECB-Euro area securities issues statistics: August 2020
October 12, 2020--The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from 7.3% in July 2020 to 7.7% in August.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.3% in August 2020, compared with 0.1% in July.
read more
First Active ETF of Almalia on Xetra: Shariah-compliant companies worldwide
October 12, 2020--Since Monday, a Shariah-compliant, actively managed exchange traded fund issued by Almalia has been tradable on Xetra and Börse Frankfurt via the HANetf white label platform for the first time.
The Almalia Sanlam Active Shariah Global Equity UCITS ETF gives investors direct access to up to 30 companies worldwide that comply with the investment principles of the Shariah.
read more
Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements
October 9, 2020--Seven central banks and the BIS release a report assessing the feasibility of publicly available CBDCs in helping central banks deliver their public policy objectives.
Report outlines foundational principles and core features of a CBDC, but does not give an opinion on whether to issue.
read more
UK economy stumbles in August, setting back recovery from COVID-19 slump
October 9, 2020--Britain's economy struggled to grow in August, setting back its recovery from the coronavirus lockdown, and finance minister Rishi Sunak was due to announce more help to slow a rise in jobs losses as a second wave of COVID-19 infections hits.
read more
London Stock Exchange to sell Milan arm to Euronext for 4.3bn Euros
October 9, 2020--Borsa Italiana deal clears way for LSE purchase of financial data provider Refinitiv
The London Stock Exchange Group has agreed to sell the Milan stock exchange to the rival group Euronext for €4.3bn (£s:3.9bn) in cash, clearing the way for the LSE's purchase of the financial data provider Refinitiv.
read more
Meeting of 9-10 September 2020 Account of the monetary policy meeting of the Governing Council of the European Central Bank
October 8, 2020--Held in Frankfurt am Main on Wednesday and Thursday, 9-10 September 2020
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Ms Schnabel reviewed the financial market developments since the Governing Council's previous monetary policy meeting on 15-16 July 2020.
read more
Investing in People is Crucial to Economic Recovery in Central Asia
October 7, 2020---- Central Asian economies are on course to contract by 1.7 percent this year, a sharp reversal from the 4.9 percent growth in 2019, says the latest edition of the World Bank Economic Update for the Europe and Central Asia region released today.
read more
UK regulator bans sale of crypto derivatives to retail users
October 6, 2020--Quick Take
The U.K.'s Financial Conduct Authority (FCA) has today officially banned the sale of cryptocurrency derivatives and exchange-traded notes to retail users, more than a year after first proposing such a ban.
The ban will come into effect on January 6, 2021.
read more
Deutsche Boerse/Dax: wider, deeper, stricter
October 5, 2020--Exclusive clubs often have permissive rules. The collapse of Wirecard, a fintech giant riddled with fraud, showed up the quirks of those governing the Dax, the index representing the corporate elite of Germany. A revamp of the rule book-and a possible enlargement- proposed by exchange operator Deutsche Boerse is necessary and welcome.
read more
New iShares ETFs on Xetra: Eurozone government bonds with focus on climate change
October 5, 2020--Since Monday, two new exchange traded funds issued by iShares have been tradable on Xetra and Börse Frankfurt.
The iShares EUR Govt Bond Climate UCITS ETF EUR enables investors to invest in euro-denominated fixed income government bonds of eurozone countries that have an investment grade rating and a minimum residual maturity of one year.
read more
ECB intensifies its work on a digital euro
October 2, 2020--Publication of Eurosystem High-Level Task Force report on digital euro
Eurosystem needs to be ready for possible future decision to introduce digital euro
Public consultation and experimentation to be launched
The European Central Bank (ECB) today published a comprehensive report on the possible issuance of a digital euro, prepared by the Eurosystem High-Level Task Force on central bank digital currency (CBDC) and approved by the Governing Council.
read more
Europe must prepare to launch a digital euro 'if and when' necessary to complement cash payments, ECB says
October 2, 2020--Europe must prepare to launch a digital euro to help citizens access money in a fast-changing digital landscape, the European Central Bank said on Friday.
"We should be ready to issue a digital euro if and when developments around us make it necessary," said Fabio Panetta, an executive board member at the bank.
read more
ESMA updates statements on the impact of Brexit on MiFID II/MiFIR and the Benchmarks Regulation
October 1, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has updated two statements on its approach to the application of key provisions of MiFID II/MiFIR and the Benchmark Regulation (BMR).
read more
EDHEC European ETF, Smart Beta and Factor Investing Survey
October 1, 020--Summary :
The latest edition of the EDHEC European ETF, Smart Beta and Factor Investing Survey was conducted as part of the "ETF, Indexing and Smart Beta Investment Strategies" research chair at EDHEC-Risk Institute, in partnership with Amundi.
The data shows an increase in the use of ETFs to invest in SRI/ESG (55% of respondents in 2020, versus 33% in 2019), with a satisfaction rate of 87% (68% in 2019).
read more
Avoiding 'sin stocks' is no longer enough for ESG ETFs
October 1, 2020--Traditional socially responsible exchange traded funds that rely on simply excluding "sin stocks" and other securities linked to sectors such as coal mining or tobacco look set to become a thing of the past, data show.
read more
Amundi boss targets China's wealth management boom
September 30, 2020--Europe's largest asset manager has received regulatory permission to begin operating a joint venture
read more
ESMA Publishes Final Report for Guidelines on Internal Control
September 30, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published the Final Report for its Guidelines on Internal Control for Credit Rating Agencies.
read more
New Amundi ETF on Xetra: ESG-compliant investments in emerging markets
September 29, 2020--Since Tuesday a new Exchange Traded Fund of Amundi is tradable via Xetra and Börse Frankfurt.
With the Amundi MSCI Emerging ESG Universal Select UCITS ETF DR (C), investors have access to large and medium-sized companies from 23 emerging markets that are considered sustainable.
read more
New iShares ETF on Xetra: Access to 500 largest US companies
September 29, 2020--Since Tuesday a new Exchange Traded Fund of iShares is tradable on Xetra and Börse Frankfurt.
With the iShares S&P 500 Swap UCITS ETF USD (Acc), investors have access to the 500 largest listed US companies. The S&P 500 index represents the most important sectors and is considered an indicator for the development of the entire U.S. stock market.
read more
BlackRock performs volte-face with swap-based equity ETF
September 29, 2020--The world's largest asset manager has launched its first synthetic ETF after years spent criticising the structure
BlackRock has performed a volte-face and launched its first swap-based equity exchange traded fund, entering a market it had avoided for nearly a decade following chief executive Larry Fink's vehement criticism of the structure.
read more
ESMA updates regulatory technical standards (RTS) under the Benchmarks Regulation (BMR)
September 29, 2020--The European Securities and Markets Authority, the EU's securities markets regulator, has published its final report containing new sets of draft regulatory technical standards (RTS) under the Benchmarks Regulation (BMR). These contain additional detailed rules to implement the European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union.
read more
ESMA updates Q&A on data reporting under EMIR
September 28, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today updated its Questions and Answers document on practical questions regarding data reporting issues, under the European Markets Infrastructure Regulation (EMIR).
read more
ESMA Updates Q&A On MIFIR Data Reporting
September 28, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today updated its Questions and Answers document on data reporting under the Market in Financial Instruments Regulation (MiFIR).
read more
Almalia to launch the world's first actively managed global equity Shariah compliant ETF on London Stock Exchange
September 28, 2020--Later this week, the international financial services group, Almalia, will launch the world's first active global equity Shariah compliant ETF. The Almalia Sanlam Active Shariah Global Equity UCITS ETF (the ETF) will launch via the HANetf platform and will list on the London Stock Exchange later this week.
read more