One Of Bitcoin Most Renowned ETP Launches On Deutsche Boerse
July 1, 2020--Further enhances investor protection being centrally cleared (CCP)
The world-leading issuer of crypto ETPs, 21Shares AG, is officially listing its 21Shares Bitcoin ETP on the official market of Deutsche Börse's Xetra electronic venue on Thursday July 2nd 2020. 21Shares AG has been present in the German market since the dual listing of seven of its ETPs on Börse Stuttgart since January 2020.
ABTC -with a track record of over 1.5 years and charging a low 1.49% management fee-leaped institutional acceptance of the digital asset industry forward by being the first ETP listed on a regulated stock exchange (the largest Swiss stock exchange). Inspired by the pioneering work from the 21Shares team, other issuers followed suit with similar structures replicating the original Bitcoin ETP issued by 21Shares.
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Source: 21Shares
How index investing can drive sustainable finance transition
July 1, 2020-A well-informed decarbonisation trajectory calls for a quantitative investment approach via indices.
The Covid-19 crisis is a stark reminder of the vulnerability of human societies and our dependence on the balance of natural systems. It is true for health issues but also for biodiversity and climate issues.
Some observers even argue that climate change could foster the emergence of future pandemics, as global warming could facilitate the spread of viruses held in check by colder temperatures.
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Source: FT.com
How index investing can drive sustainable finance transition
July 1, 2020-A well-informed decarbonisation trajectory calls for a quantitative investment approach via indices.
The Covid-19 crisis is a stark reminder of the vulnerability of human societies and our dependence on the balance of natural systems. It is true for health issues but also for biodiversity and climate issues.
Some observers even argue that climate change could foster the emergence of future pandemics, as global warming could facilitate the spread of viruses held in check by colder temperatures.
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Source: FT.com
Deutsche Boerse Resolves Second Major Trading Outage of 2020
July 1, 2020--Stock exchanges from Frankfurt to Zagreb were down for hours
Bug-prone third-party software, now fixed, caused the halt
Deutsche Boerse AG's electronic trading system was unavailable due to a technical glitch throughout Wednesday morning, the exchange’s second major outage this year, disrupting derivatives and stock markets in several central and eastern European countries and hampering bond sales in the region.
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Source: bloomberg.com
Contagion can spread via cross-asset links, ECB study shows
July 1, 2020-- Research throws more light on the hidden risks of central clearing
Financial stress can move between central counterparties, clearing members and their clients more widely than previously thought, recent research suggests.
A study by two European Central Bank (ECB) market infrastructure specialists uses network theory to build a picture of the complex latticework of links between derivatives clearing participants in the eurozone. The research echoes the findings of earlier work in showing a concentration of risk among a few members.
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Source: risk.net
New Amundi ETF on Xetra: Sustainable investments in emerging markets
June 30, 2020--Since Tuesday a new Exchange Traded Fund issued by Amundi is tradable via Xetra and Börse Frankfurt.
With the Amundi MSCI Emerging ESG Leaders UCITS ETF DR (C), investors invest in large and medium-sized companies from 26 emerging markets in accordance with sustainability criteria.
Companies with significant business activities in the fields of nuclear energy, tobacco, steam coal, alcohol, gambling, weapons and genetically modified organisms are excluded from the index. The weighting of a stock is limited to a maximum of five per cent. Dividends are reinvested. The annual costs amount to 0.18 per cent.
Name: Amundi MSCI Emerging ESG Leaders UCITS ETF DR(C)
Asset class: Equity ETF
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Source: Deutsche Börse
ECB-Euro money market statistics: third maintenance period 2020
June 30, 2020--Daily average borrowing turnover in the unsecured segment decreased from €152 billion in the second maintenance period of 2020 to €145 billion in the third maintenance period of 2020.
Weighted average overnight rate on borrowing transactions in the unsecured segment decreased from-0.50% to-0.51% for the wholesale sector, and decreased from -0.53% to -0.54% for the interbank sector
Daily average borrowing turnover in the secured segment increased from €333 to €341 billion, with a weighted average overnight rate of -0.52%
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Source: ECB
The Wirecard debacle calls for a rethink of EU, not just German, financial reporting supervision
June 30, 2020--The spectacular collapse of Wirecard AG should serve as a wake-up call for the European Union on the need to pool the relevant supervisory mandates at EU level.
Wirecard AG, the Munich-based payments and financial services company that was a member of the DAX index of Germany's 30 leading blue chip stocks, collapsed spectacularly and filed for insolvency on June 25, 2020.
Among many lessons, this disaster has revealed major gaps in audit regulation and accounting enforcement in Germany and by extension in the European Union (EU). Like in other areas of financial supervision, having oversight over financial reporting in an integrated EU market only at the national level generates perverse incentives that impair supervisory effectiveness. The policy response to this challenge should be to pool the relevant supervisory mandates at the EU level.
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Source: bruegel.org
European exchanges reject London's plan for shorter trading day
June 30, 2020--Shorter hours would not be in the best interests of investors or stock markets, European bourses said on Wednesday, dashing hopes at banks and investment companies in London of cutting 90 minutes from the trading day.
The Federation of European Securities Exchanges (FESE) said shorter hours would be a move in the wrong direction. The current European trading day is 0900-1730 continental European time, longer than in Asia or Wall Street.
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Source: reuters.com
Solactive releases 'Solactive right, 2 Degree-Aligned Europe Index' based on right, based on Science's XDC Economic Climate Impact Model
June 29, 2020--With numerous regulatory initiatives concerning sustainable finance, the European Union is currently setting the course for the area's transition towards the <2°C scenario captured in the Paris Agreement. This shift creates a quest for innovative data to shape the investment solutions supporting this transition not only in Europe but on a global scale.
Now Solactive, with the support of climate metrics and software provider right. based on science, developed a benchmark index, the Solactive right. 2 Degree-Aligned Europe Index, a broad portfolio of sector-leading European companies aligned with a 2°C global warming scenario through 2050.
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Source: Solactive AG
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