ESMA provides guidance on the compliance function under MiFID II
June 5, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes the final guidelines on the MiFID II compliance function.
These guidelines replace the ESMA guidelines on the same topic issued in 2012 and include updates that enhance clarity and foster greater convergence in the implementation, and supervision, of the new MiFID II compliance function requirements.
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Source: ESMA
Active funds lead the way in UK market recovery
June 5, 2020--£4bn inflows to retail funds in April after record outflows in March
"Investors are backing active fund managers to help navigate the volatile markets," said Laura Suter, personal finance analyst at investment...
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Source: FT.com
Sweden: Will COVID-19 Economics be Different?
June 4, 2020--Sweden's less restrictive containment strategy may have resulted in a milder economic contraction at the onset of the crisis, but uncertainty remains about its implications for the rest of the year.
Other factors, including falling external demand, will heavily weigh on growth. Concerns have also been raised about the country's death rate which, although lower than in Europe's worst-affected countries, is a multiple of its Nordic neighbors.
view Eurozone in fresh emergency action to boost economy
The move will keep borrowing costs low for countries and firms as they face huge budget deficits and recessions. view more ESMA promotes convergence in the supervision of costs in UCITS and AIFs ESMA's first annual statistical report in January 2019 on costs and performance of retail investment products, showed the significant impact of costs on the final returns for investors. view more EU-China trade and investment relations in challenging times
Trade continues to be the least problematic aspect of the EU-China economic relationship, although challenges need to be dealt with in a number of areas. view more New Vanguard ETF on Xetra: Above-average dividend yield worldwide
Name: Vanguard FTSE All-World High Dividend Yield UCITS ETF-USD Acc
view more UK official holdings of international reserves: May 2020 New Xtrackers ETC on Xetra: Direct access to platinum
Name: Xtrackers IE Physical Platinum EUR Hedged ETC Securities
view more Cut World's Longest Trading Hours, Survey Respondents Tell LSE view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: IMF
June 4, 2020--The European Central Bank has taken further dramatic measures try to boost the eurozone economies, amid their biggest recession since World War Two.
Just months after emergency measures, the central bank said it would increase the size of its bond buying programme by €600bn (£546bn) to €1.35tn.
The programme will run until June 2021, six months longer than planned.
Source: bbc.com
June 4, 2020--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published today a supervisory briefing on the supervision by National Competent Authorities (NCAs) of costs applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs).
This briefing comes in response to the need to improve convergence across NCAs in the approach to undue costs.
Source: ESMA
June 4, 2020--This report examines key aspects of the European Union-China economic relationship, including trade, investment and China's key strategic project overseas, the Belt and Road Initiative (BRI). We conclude that China is, and will continue to be, a major trade and investment partner for EU countries.
In this context, it seems clear that regardless of the direction of the United States-China relationship, the EU needs to explore options for fruitful co-existence with China.
Source: bruegel.org
June 3, 2020--Since Wednesday a new Exchange Traded Fund issued by Vanguard is tradable on Xetra and Börse Frankfurt.
The Vanguard FTSE All-World High Dividend Yield UCITS ETF (Acc) gives investors the opportunity to invest specifically in large and mid-sized companies worldwide with an above-average dividend yield.
The underlying index comprises both developed and emerging markets. Only real estate investment funds (REITs) are excluded from the investment universe. Any dividend income is reinvested.
Asset class: Equity ETF
ISIN: IE00BK5BR626
Source: Deutsche Börse
June 3, 2020--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: HM Treasury
June 2, 2020--Since Tuesday a new Exchange Traded Commodity (ETC) issued by Xtrackers ETC is tradable via Xetra and Börse Frankfurt.
Xtrackers IE Physical Platinum EUR Hedged ETC Securities gives investors the opportunity to participate in the performance of the platinum price.
It is an exchange-traded bond that is backed by physically deposited platinum. Investors are hedged against currency risks against the Euro.
Asset class: Commodity-ETC
ISIN: DE000A2UDH63
Source: Deutsche B&ounl;rse
June 1, 2020--Most U.K. stock market participants want a reduction in the world'’s longest trading hours, which they say can improve liquidity and industry diversity, according to the results of a London Stock Exchange survey.
"A significant majority of respondents were sympathetic to the arguments that a reduction of market hours could lead to improvements in diversity and wellbeing," the LSE said as it released the outcome of its consultation, without disclosing the percentage of those favoring shorter hours.
Source: bnnbloomberg.ca