Deborah Fuhr: understanding the counterparty risks-continued

March 29, 2012--We have seen over the past two years a significant increase in regulatory concerns due to the rapid growth in exchange traded funds (ETFs) and other types of exchange traded products (ETPs).
Broadly, those concerns may be categorised under four headings. First, ETFs that use derivatives to replicate their index and especially so where the product provider and the derivative counterpart are part of the same corporate group. Second, the risks associated with securities lending, which is more typically confined to physically replicating funds, and third, the increased complexity of products and exposures, especially leveraged and inverse offerings.

Fourth, and to a significantly lesser emphasis, the risks associated with unregulated exchange traded products.

read more

Source: CityWire

Global ETP News
OPEC makes last-ditch bid to save oil deal as tensions grow
November 28, 2016--Saudis say market can rebalance without oil deal
Algerian, Venezuelan ministers fly to Moscow for talks
Mood subdued as OPEC experts gather in Vienna
read more
5 trends that will shape business for the next 5 years
November 25, 2016--Trends include Populism which will continue to expand
Latin America is on the rise
Consumer behaviour will continue to shift and change
read more
Green investors get ready for a change in the investment climate
November 23, 2016--The election of Donald Trump poses a challenge to ESG investment-but many managers still feel the trend will be in their favour.
read more
WGC-Gold: valuable reserve amid unprecedented policy environment
November 22, 2016--Unprecedented monetary policies (including quantitative easing and negative nominal interest rates) have had the unintended consequence of dramatically reducing the pool of investable assets available to reserve managers.
read more
BIS-Further details on the assessment of global systemically important banks
November 21, 2016--In connection with today's publication by the Financial Stability Board of the updated list of global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision has released further information related to the 2016 G-SIB assessment.
read more
World Bank Raises 2017 Oil Price Forecast
OPEC agreement to limit production seen sending prices higher
October 20, 2016--The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long period of unrestrained output.
read more
LSE buys data firm to boost FTSE Russell index business
November 20, 2016--US-based Mergent provides data that can be used to build smart beta and custom indices.
read more
Saudi energy minister urges OPEC to cut oil output to 32.5m bpd
November 17, 2016-- OPEC has agreed to cut oil output to 32.5m bpd
OPEC energy ministers are likely to meet informally in Doha on Friday
read more
Global economic growth to hit "historically low levels in 2017"
November 17, 2016--Global economic growth will be at historically low levels in 2017
Credit conditions will remain uneven despite growth stabilizing
Heightened political uncertainty likely to affect economic and credit outcomes.
read more
Emerging markets run risk of capital outflows-Moody's
November 14, 2016--Emerging market economies, especially commodity export countries, could face a reversal in capital flows, ratings agency Moody's has warned.
read more
Dollar replaces VIX as gauge of banks'appetite for leverage-BIS's Hyun Song Shin
November 15, 2016--The dollar has ousted the VIX index as a barometer of the banking sector's appetite for leverage, with bank lending coming under pressure when the dollar appreciates, Bank for International Settlements Economic Adviser and Head of Research Hyun Song Shin said on Tuesday.
read more
Natural Disasters Force 26 Million People into Poverty and Cost $520bn in Losses Every Year, New World Bank Analysis Finds
Human and economic costs of disasters underestimated by up to 60 percent
November 14, 2016--The impact of extreme natural disasters is equivalent to a global $520 billion loss in annual consumption, and forces some 26 million people into poverty each year, a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) reveals.
read more
Deutsche sets sight on smart beta for ETF inflows
November 14, 2016--German bank's exchange-traded funds business has had a year to forget so far, suffering heavy outflows.
read more
Values and the Fourth Industrial Revolution: Connecting the Dots Between Value, Values, Profit and Purpose
November 14, 2016--Today, society faces the mammoth task of creating 1.5 billion new livelihoods by 2050 while at the same time exceeding the planet's crucial ecological limits.
read more
Big banks lead way in FX blockchain patent filings
November 14, 2016--'Small steps' may lead to large cost savings further down the road.
read more
Nasdaq has crowned one of the most senior women on Wall Street
November 14, 2016--Nasdaq has a new CEO.
The exchange group has named Adena Friedman as chief executive, replacing Bob Greifeld, who will become chairman of the board.
read more
Artificial Intelligence, Robotics Top List of Technologies in Need of Better Governance
November 12, 2016--While technology holds great promise of improving quality of life and addressing global challenges, action is needed to put in place governance that enables them to achieve their full potential
read more
OPEC-Monthly Oil Market Report November 2016
November 11, 2016--Oil market highlights
Crude Oil Price Movements-The OPEC Reference Basket rose by $4.98 in October, to average $47.87/b. ICE Brent and NYMEX WTI also surged, up by $4.15 and $4.71, to average $51.39/b and $49.94/b, respectively.
read more
UK-China 8th Economic and Financial Dialogue: financial services
November 10, 2016--The London-Shanghai Stock Connect-the first of its kind outside China-will proceed to the next stage, the Chancellor of the Exchequer, Philip Hammond, announced today (10 November 2016).
read more
The global climate 2011-2015: hot and wild
Extreme weather increasingly linked to global warming
November 8, 2016--The World Meteorological Organization has published a detailed analysis of the global climate 2011-2015-the hottest five-year period on record-and the increasingly visible human footprint on extreme weather and climate events with dangerous and costly impacts.
read more
IMF Working paper-Spillovers from the Maturing of China's Economy
November 8, 2016-- Summary: China's transition to a new growth model continues and the impact has been felt across the globe. Several trends contribute to the 'maturing' of China's economy: i) structural slowing on the convergence path; ii) on-shoring deepening; and iii) demand rebalancing from investment towards consumption.
read more
IMF Working Paper-Oil Prices and the Global Economy: Is It Different This Time Around?
November 8, 2016--Summary: The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower interest rates and inflation in most countries, and increase global real equity prices.
read more
World Bank-State and Trends of Carbon Pricing 2016
November 7, 2016--This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including national and subnational initiatives
read more
WGC-Gold Demand Trends Q3 2016
November 7, 2016--Global gold demand amounted to 993t in Q3 2016 (-10%), as high gold prices discouraged consumers.
read more
IOSCO consults on Other CRA Products and their use by market participants
November 7, 2016--The Board of the International Organization of Securities Commissions (IOSCO) today published a consultation report titled Other CRA Products, which seeks further insight into how market participants use non-traditional, products or services offered by credit rating agencies (CRAs).
read more
Asset managers confront ethnic diversity problem
November 6, 2016--Fund houses tackle chronic underrepresentation of minorities in their industry.
read more
Paris climate agreement enters into force
November 5, 2016--The Paris Agreement on climate change entered legally into force Friday following the EU's ratification, just days before the start of the UN climate conference in Marrakesh, Morocco.
read more
WGC-Market Update: Gold price rallies ahead of US election
November 2, 2016--On November 2, 2016 the gold price broke above US$1,300/oz for the first time since early October, as the surprise announcement last Friday October 28th by the FBI relating to Clinton's email probe, injected a new wave of uncertainty into the presidential election.
read more