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ESMA tells fund managers to improve readiness for future adverse shocks
November 13, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published a Report on the preparedness of investment funds with significant exposures to corporate debt and real estate assets, for potential future adverse liquidity and valuation shocks. The Report identifies five priority areas for action which would enhance the preparedness of these fund categories.
The priority areas identified to enhance the preparedness of the funds are ongoing supervision of the alignment of the funds' investment strategy, liquidity profile and redemption policy; ongoing supervision of liquidity risk assessment; fund liquidity profile reporting; increase of the availability and use of Liquidity Management Tools (LMTs); and supervision of valuation processes in a context of valuation uncertainty.
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Source: ESMA
Labour calls for UK pension funds to be carbon neutral by 2050
November 12, 2020--Opposition party in push to align retirement schemes with Paris climate agreement.
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Source: FT.com
ESMA publishes third annual report on use of sanctions for UCITS
November 12, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes its 2019 report on the use of supervisory sanctions by National Competent Authorities (NCAs) under the Undertakings for Collective Investments in Transferrable Securities (UCITS) Directive.
While the number of NCAs issuing sanctions (penalties and measures) remains stable at 15, compared to the previous report for the period 2016-2018, the financial amount of penalties issued decreased slightly based on a year on year comparison.
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Source: ESMA
City regulator warns on three Brexit 'cliff-edge' risks
November 12, 2020--UK-EU trade bargain cannot counterbalance interruption to economic solutions on January 1, states FCA director.
The United Kingdom monetary regulators mind of Brexit arrangements has actually cautioned that banks and financial investment firms nonetheless face three cliff-edge risks as soon as the change duration for leaving the EU expires in seven months.
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Source: newsoninvest.com
ESMA publishes first report on use of sanctions under the AIFMD
November 12, 2020--The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its first annual report on the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD).
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Source: ESMA
ESMA publishes third annual report on use of sanctions for UCITS
November 12, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes its 2019 report on the use of supervisory sanctions by National Competent Authorities (NCAs) under the Undertakings for Collective Investments in Transferrable Securities (UCITS) Directive.
While the number of NCAs issuing sanctions (penalties and measures) remains stable at 15, compared to the previous report for the period 2016-2018, the financial amount of penalties issued decreased slightly based on a year on year comparison. The data gathered under the sanction reports published so far shows that the sanctioning powers are not equally used among NCAs and, except for certain NCAs, the number and amount of sanctions issued at national level seems relatively low.
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Source: ESMA
86 % Of Bitcoin Addresses Breaking Even, Confidence In Cryptocurrencies Remains At Historic Low
November 11, 2020--Around 86% of all Bitcoin addresses have turned a profit. Regardless of this performance, just 16% of Germans have faith in the price stability of digital currencies- back in 2017 twice as many were confident about the integrity of such currencies, according to a new infographic from Kryptoszene.de
The proportion of people making transactions using cryptocurrencies has also decreased sharply. According to a survey conducted by "Bearing Point", 4% of Germans actively use cryptocurrencies, compared to 11% in the year 2017.
While digital currencies are generally regarded critically, 86% of German citizens have faith in national currencies. Only gold enjoys a higher degree of trust, with 87% putting their trust in the precious metal.
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Source: kryptoszene.de
New Amundi ETF on Xetra: Sustainable US companies with currency hedge
November 11, 2020--Since Tuesday, a new Exchange Traded Fund of Amundi can be traded via Xetra and Börse Frankfurt.
The Amundi MSCI USA ESG Leaders Select UCITS ETF DR- hedged EUR (C) enables investors to participate in the performance of large and medium-sized US companies. Based on the MSCI USA, only shares with the highest ESG rating are selected for each sector.
Companies with business activities in the areas of alcohol, tobacco, gambling, weapons or power plant coal are excluded. In addition, the weighting of a title is limited to a maximum of 5 per cent. Currency risks to the euro are minimised.
Name: Amundi MSCI USA ESG Leaders Select UCITS ETF DR -hedged EUR (C)
Asset class: Equity ETF
ISIN: LU2153616326
Ongoing charges: 0.17 per cent
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Source: Deutsche Börse
New L&G ETF on Xetra: Renewable energies worldwide
November 11, 2020--Since Wednesday a new Exchange Traded Fund of Legal & General Investment Management is tradable on Xetra and Börse Frankfurt.
With the L&G Clean Energy UCITS ETF investors invest in companies with a focus on sustainable energy production worldwide.
Not only producers of renewable energies are considered, but also all participants along the value chain such as suppliers and electricity providers in the areas of wind, solar, hydro and geothermal energy.
The individual companies are equally weighted at the time of the index adjustment.
Name: L&G Clean Energy UCITS ETF
Asset class: Equity ETF
ISIN: IE00BK5BCH80
Ongoing charges: 0.49 per cent
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Source: Deutsche Börse
ESMA updates Brexit statements for the end of UK transition period
November 10, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has updated three statements which address the impact on reporting under EMIR and SFTR and on the operation of ESMA databases and IT systems after 31 December 2020, the end of the UK's transition from the EU.
Previously published in preparation for a no-deal Brexit scenario in 2019, the following statements have now been updated:
Statement on issues affecting EMIR and SFTR reporting-covering issues affecting reporting, recordkeeping, reconciliation, data access, portability and aggregation of derivatives under Article 9 EMIR and of securities financing transactions reported under Article 4 of SFTR;
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Source: ESMA
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