Deutsche Avoids Dodd-Frank Rule -continued

German Bank Restructures U.S. Unit to Avoid New Capital Requirements; Regulators Don't Object.
March 22, 2012--Deutsche Bank AG changed the legal structure of its huge U.S. subsidiary to shield it from new regulations that would have required the German bank to pump new capital into the U.S. arm.
The bank on Feb. 1 reorganized its U.S. subsidiary, known as Taunus Corp., so that it is no longer classified as a "bank-holding company," according to disclosures by the bank and on the U.S. Federal Reserve's website. Deutsche Bank is at least the second large European bank to make such a change, following in the footsteps of the U.K.'s Barclays PLC.

read more

Source: Wall Street Journal

Global ETP News
Asset managers fight 'financial threat' label
April 13, 2014--Big asset managers are fighting hard against being labelled potential threats to the stability of the financial markets. They have urged regulators to focus on heavily indebted institutions instead.
read more
Big asset managers eye new trading venue
April 11, 2014--Several of the world's largest asset managers are discussing the creation of a joint equity trading venue, in an attempt to end the technological arms race sparked by high-frequency trading firms.
read more
ETF Securities expands into the Index Business
ETFS Indices LLC Unveils Four Composite Strategy Indices
April 10, 2014--The ETF Securities Group today announced the launch of ETF Securities' Index unit, ETFS Indices LLC. Led by Dan Raab, Head of Indices and Managed Futures, ETFS Indices will design and publish new futures-based indices.
read more
Infographic: Shared Prosperity in Emerging Europe and Central Asia
April 10, 2014--The first decade of the new millennium saw sustained growth of the incomes of the bottom 40% in Emerging Europe and Central Asia, above average GDP growth.
read more
Capital standard for bank exposures to central counterparties finalised by the Basel Committee
April 10, 2014--The Basel Committee has today published a final standard for calculating regulatory capital for banks' exposures to central counterparties (CCPs).
read more
IMF Report-The Caucasus and Central Asia: Transitioning to Emerging Markets
April 10, 2014--Summary: The countries in the Caucasus and Central Asia (CCA) have recorded significant macroeconomic achievements since independence. These countries have grown more rapidly-on average by 7 percent over 1996-2011-than those in many other regions of the world and poverty has declined.
read more
UBS inks Bloomberg index pact
April 9, 2014--UBS is shifting the management of its commodity indices to data giant Bloomberg, the latest example that large investment banks are reassessing their involvement in an area that has suffered a string of reputational blows.
read more
IMF World Economic Outlook (WEO) - Recovery Strengthens, Remains Uneven, April 2014
April 9, 2014--Global activity has broadly strengthened and is expected to improve further in 2014-15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although downside risks have diminished overall, lower-than-expected inflation poses risks for advanced economies, there is increased financial volatility in emerging market economies, and increases in the cost of capital will likely dampen investment and weigh on growth.
read more
BNY Mellon rejects call to split off asset management arm
April 8, 2014--Bank of New York Mellon faced down shareholder angst over costs, profitability and executive pay at its annual meeting, with Gerald Hassell, its chairman and chief executive, rejecting calls to spin off the company's asset management business
read more
US warns China over currency depreciation
April 8, 2014--The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise "serious concerns" if it signaled a policy shift away from allowing market-determined exchange rates.
read more
STOXX updates rules on country classification
April 7, 2014--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced an update of its country classification rules. The announcement follows a meeting of the STOXX Advisory Board. The updated rulebook is introduced with immediate effect.
read more
UBS sees spike in ETN interest
April 7, 2014--UBS has seen its exchange-traded note program assets more than triple in less than 18 months. The program had approximately USD1 billion at the end of 2012 and now has USD3 billion.
read more
IMF Working paper-Monetary Policy in the New Normal
April 4, 2014--Summary: The proposed SDN would take stock of the current debate on the shape that monetary policy should take after the crisis.
read more
Emerging Markets Can Manage Evolving Mix of Global Investors
Composition of global investors in emerging market stocks, bonds has been changing over the past 15 years
This new mix has made capital flows more sensitive to global financial shocks
Policies to deepen emerging market financial systems can help manage risks
March 31, 2014--The mix of investors in emerging markets stocks and bonds has evolved considerably over the past 15 years, which has made capital flows and asset prices in these countries more sensitive to events outside their own borders, according to new research from the International Monetary Fund.
read more
OTC Derivatives Regulators Issue Report to the G20
March 31, 2014--The Over-the-Counter (OTC) Derivatives Regulators Group (ODRG), which is made up of authorities with responsibility for the regulation of OTC derivatives markets in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland, and the United States, issued a report today that identifies the current list of remaining cross-border implementation issues related to global reform of OTC derivatives markets.
read more
IMF Working paper-Fiscal Limits, External Debt, and Fiscal Policy in Developing Countries
March 31, 2014--Summary: This paper studies fiscal policy effects in developing countries with external debt and sovereign default risks. State-dependent distributions of fiscal limits are simulated based on macroeconomic uncertainty and fiscal policy specifications. The analysis shows that expected future revenue plays an important role in the low fiscal limits of developing countries, relative to those of developed countries.
read more
BNY Mellon Automates Calculation of Collateral Requirements in ETF Marketplace
Designed to Lead to More Efficient, Reliable Market
March 27, 2014--BNY Mellon, a global leader in investment management and investment services, has automated the calculation of collateral requirements in the exchange-traded funds (ETF) marketplace.
read more
Standard Life Investments buys fund manager Ignis for 390m pounds
March 26, 2014--Standard Life Investments, the Edinburgh-based pensions and insurance firm, has bought Ignis Asset Management from life assurer Phoenix Group.
read more
Advisers turn to ETFs to drive down costs
March 25, 2014--Some financial advisers are using exchange traded funds (ETFs) heavily in client portfolios, drawn to the low-cost structure, intraday trading and tax benefits.
read more
Matteo Andreetto joins STOXX Limited as Global Head Of Sales
March 20, 2014--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that Matteo Andreetto has joined the company as global head of sales, effective immediately.
read more