|World Economic Outlook Update Global Recovery Stalls, Downside Risks Intensify -continued|
|January 24, 2012--The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated. Global output is projected to expand by 3¼ percent in 2012 -a downward revision of about ¾ percentage point relative to the September 2011 World Economic Outlook (WEO).|
|This is largely because the euro area economy is now expected to go into a mild recession in 2012 as a result of the rise in sovereign yields, the effects of bank deleveraging on the real economy, and the impact of additional fiscal consolidation. Growth in emerging and developing economies is also expected to slow because of the worsening external environment and a weakening of internal demand.
The most immediate policy challenge is to restore confidence and put an end to the crisis in the euro area by supporting growth, while sustaining adjustment, containing deleveraging, and providing more liquidity and monetary accommodation. In other major advanced economies, the key policy requirements are to address medium-term fiscal imbalances and to repair and reform financial systems, while sustaining the recovery. In emerging and developing economies, near-term policy should focus on responding to moderating domestic growth and to slowing external demand from advanced economies.
Financial risks escalate, global growth decelerates
Global growth prospects dimmed and risks sharply escalated during the fourth quarter of 2011, as the euro area crisis entered a perilous new phase. Activity remained relatively robust throughout the third quarter, with global GDP expanding at an annualized rate of 3½ percent—only slightly worse than forecast in the September 2011 WEO.
|Global ETP News|
|Statement on Variation Margin Implementation|
|February 23, 2017--The Board of the International Organization of Securities Commissions (IOSCO) acknowledges the challenges facing some market participants working to complete the necessary documentation and processes to be in full compliance with variation margin requirements, which are scheduled to take effect by 1 March 2017 in accordance with minimum standards established by IOSCO and the Basel Committee on Banking Supervision (BCBS) and implemented under domestic laws in various jurisdictions.|
|Policy Uncertainty Weighs on World Trade|
|New evidence links policy uncertainties in developed countries to anemic trade in 2016
February 21, 2017--Global trade growth continued to be slow for the fifth consecutive year, with 2016 showing the weakest trade performance since the 2008-2009 global financial crisis.
|New Report Outlines Actions to Leverage Islamic Finance for Development|
|February 21, 2017--The World Bank Group and the Islamic Development Bank published the first Global Report on Islamic Finance, which details the prospects for the global Islamic finance industry and its potential to help reduce worldwide income inequality, enhance sharing prosperity, and achieve the Sustainable Development Goals.|
|Regulators urged to close share trade loophole|
|February 21, 2017--Fears that new rule will backfire to promote dark pools instead of public exchanges|
|IMF-Ensuring Financial Stability in Countries with Islamic Banking|
|February 21, 2017--Islamic banking (IB) continues to grow rapidly, in size and complexity, posing a challenge to supervisory authorities and central banks. While accounting for a small share of global financial assets, IB has established a presence in more than 60 countries and has become systemically important in 14 jurisdictions.|
|IOSCO issues report on Loan Funds – important niche products to fund the real economy|
|February 20, 2017--The Board of the International Organization of Securities Commissions (IOSCO) today published the report Findings of the Survey on Loan Funds, which describes how the market for Loan Funds has evolved in different jurisdictions and explains how regulators are addressing the risks associated with these funds.|
|Blockchain funding plummeted 54% in 2016|
|February 20, 2017--Despite strong growth in the first quarter from firms like Digital Asset Holdings, funding for blockchain companies decreased significantly in 2016.|
|Emerging market ETFs and the jaws of death|
|February 17, 2017--Huge inflows have gone into the largest companies-but they are not good companies.|
|ERI Scientific Beta Newsletter-January/February 2017|
|February 17, 2017--Live is Better
Since 2013, with the Smart Beta 2.0 framework, EDHEC-Risk Institute has created Scientific Beta multi-smart-factor indices that are well diversified and exposed to rewarded factors.
|World Bank-Global Fisheries' Sunken Billions|
|February 14, 2017--Billions of dollars are lost at sea but different paths to fisheries reform show promising results
New economic analysis reveals that, because of overfishing, global fisheries forego more than $80 billion a year, compared to an optimal scenario.
|Passive grew 4.5 times faster than active in 2016|
|February 12, 2017--Investors concerned over high fees and disappointing performance vote with their feet.|
|IOSCO analyzes potential of tech-driven change in the securities market industry|
|February 8, 2017--A new report published today highlights the increasingly important intersection between financial technology (Fintech) and securities market regulation, and describes the impact it has on investors and financial services.|
|IOSCO report shows progress made in implementation of Benchmark Principles|
|February 7, 2017--The Board of the International Organization of Securities Commissions (IOSCO) today published the Second Review of the Implementation of IOSCO's Principles for Financial Benchmarks in respect of the WM/Reuters 4 p.m. Closing Spot Rate.|
|PWC-The Long View: How will the global economic order change by 2050?|
|February 6, 2017--Foreword|
After a year of major political shocks with the Brexit vote and the election of President Trump, it might seem brave to opine on economic prospects for 2017, let alone 2050.
|Passive investing advances on US bond market|
|February 5, 2017--Exchange traded funds and index-trackers control over a fifth of fixed-income market.|
|IMF-Measure up: A Better Way to Calculate GDP|
|February 2, 2017--To derive real GDP, the System of National Accounts 2008 (2008 SNA) recommends a technique called double deflation. Some countries use single deflation techniques, which fail to capture important relative price changes and introduce estimation errors in official GDP growth.|
|World Gold Council-Gold Demand Trends Full Year 2016|
|February 2, 2017--A four-year high in investment drove price gains and demand growth|
2016 full-year gold demand gained 2% to reach a 3-year high of 4,308.7t.
|Passive investing set to claim half of markets|
|February 2, 2017--Prediction of near-parity from 2021 as active managers battle to give superior returns|
|Global foreign direct investment fell 13% in 2016, but modest recovery expected in 2017-new figures|
|February 1, 2017--GITM Global flows of foreign direct investment (FDI) fell 13% in 2016 to an estimated $1.52 trillion as global economic growth remained weak and world trade volumes posted anemic gains, according to the latest UNCTAD Global Investment Trends Monitor.|
|ETF Securities Investment Insights January 2017-The growing case for commodities|
|January 31, 2017--Summary
Amid heightened geopolitical uncertainty and stretched valuations in traditional assets, commodities may serve as a key alternative investment and source of diversification.
|Fixed income trading primed for evolutionary leap|
|January 30, 2017--This year will see data science and analytics fuel 'smart trading', says Tradeweb chief.|
|Improving Governance Is Key to Ensuring Equitable Growth in Developing Countries|
|January 30, 2017--A new World Bank policy report urges developing countries and international development agencies to rethink their approach to governance, as a key to overcoming challenges related to security, growth, and equity.|
|Renminbi internationalisation remains elusive|
|January 30, 2017--Offshore rate against the dollar has been stronger than its onshore counterpart|
|IMF Working paper-Oil Prices and the Global Economy|
|January 27, 2017--This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses.|
|Frequently asked questions on market risk capital requirements published by the Basel Committee|
|January 26, 2017--The Basel Committee on Banking Supervision today published responses to frequently asked questions (FAQs) on the standard Minimum capital requirements for market risk.|
|BlackRock and Vanguard crush smaller ETF rivals|
|January 26, 2017--Record-breaking year for exchange traded funds benefited fund giants that slashed fees.|