The London Stock Exchange Group £32bn takeover bid from its Hong Kong counterpart
September 13, 2019--London Stock Exchange mentions protests in Hong Kong among reasons for rejection and says it sees no merit in further talks.
The London Stock Exchange Group has soundly rejected a £32bn takeover bid from its Hong Kong counterpart, listing a host of reasons including the protracted protests in Hong Kong.
Hong Kong Exchanges and Clearing (HKEX) surprised markets on Wednesday by announcing that it had offered to buy the London group. Analysts said it is likely the move was partly driven by the weakness of the pound.
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Source: independent.co.uk
EU financial regulators highlight risks of a no-deal Brexit and search for yield
September 12, 2019--The European Union's (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on "Risks and Vulnerabilities in the EU Financial System" published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows.
The 2019 Autumn ESAs' report highlights the following risks as potential sources of instability:
Uncertainties around the terms of the United Kingdom's withdrawal from the European Union
Persistently low interest rates, which combined with flattening yield curves, put pressure on the profitability and returns of financial institutions, incentivise search-for-yield strategies and increase valuation risks.
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Source: ESMA
Hong Kong bourse proposes 32bn pound merger with London Stock Exchange
September 11, 2019--Hong Kong Exchanges and Clearing (HKEX) has made a surprise proposal to buy the London Stock Exchange (LSE) in a 30bn pound tie-up, it said this morning.
Yet it said the deal is subject to LSE's mammoth £27bn (£22bn) merger with financial data provider Refinitiv falling through.
The London Stock Exchange agreed to buy Refinitiv at the end of July in a deal that aims to expand the group's reach around the world and set it up as a rival to data provider Bloomberg.
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Source: cityam.com
ECB Euro area securities issues statistics: July 2019
September 11, 2019--Euro area securities issues statistics: July 2019
The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 2.9% in July 2019, compared with 2.8% in June.
For the outstanding amount of listed shares issued by euro area residents, the annual rate of change was -0.1% in July 2019, compared with 0.0% in June.
Debt securities
New issuance of debt securities by euro area residents totalled EUR 705.6 billion in July 2019. Redemptions amounted to EUR 637.5 billion and net issues to EUR 68.1 billion. The annual growth rate of outstanding debt securities issued by euro area residents was 2.9% in July 2019, compared with 2.8% in June.
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Source: ECB
A Capital Market Union for Europe: Why It's Needed and How to Get There
September 10, 2019--When savers and firms invest and borrow beyond their national borders, they enjoy opportunities to diversify their portfolios and lower their funding costs, respectively. In Europe, this idea-of an integrated financial system that offers a richness of financing choice-remains an elusive goal: capital markets are far from integrated.
Our recent research finds that European finance is still sharply segmented along national lines, with savers and investors depending heavily on national banking systems. Although the landscape is dotted with many different types of investors and intermediaries, their focus is mostly domestic-"home bias" is pervasive.
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Source: IMF
HANetf and the Royal Mint sign historic agreement to develop gold ETC
September 10, 2019--Gold ETC will become The Royal Mint's 1st listed financial product
Product to launch via HANetf's unique White-Label Platform
Physical gold to be custodied at The Royal Mint's highly secure vault
The gold backed ETC will be available in the UK, Italy and Germany from early 2020
HANetf, Europe's first independent 'white label' UCITS ETF issuer is delighted to announce a historic collaboration with The Royal Mint to develop and launch a physically-backed gold ETC.
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Source: presshalo.com
ESMA-Investors face increasing risks amid renewed market volatility
September 10, 2019--The European Securities and Markets Authority (ESMA), the EU's securities regulator, has published the second Trends, Risks and Vulnerabilities (TRV) report for 2019.
and Markets Authority (ESMA), the EU's securities regulator, has published the second Trends, Risks and Vulnerabilities (TRV) report for 2019. The report identifies a deteriorating outlook for the asset management industry and continued very high market risk. Recent trade tensions have triggered renewed volatility, and concerns over a no-deal Brexit remain key risk drivers for the second half of 2019.
Investors are facing very high market risk, as they navigate an environment of potentially inflated asset valuations, subdued economic growth prospects, and flattening yield curves.
view the ESMA report on trends, risks and vulnerabilities no.2 2019
Source: ESMA
ESMA Risk Dashboard No. 3 2019
September 10, 2019--EMA has published the ESMA Risk Dashboard No. 3 2019.
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Source: ESMA
ESMA publishes stress simulation framework for investment funds
September 5, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets' regulator, has developed a framework to be used for stress simulations for the investment fund sector.
The method developed by ESMA is presented in detail in its Economic Report published today, and is accompanied by a case study where it is applied to 6,000 UCITS bond funds.
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Source: ESMA
ESMA publishes stress simulation framework for investment funds
September 5, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets' regulator, has developed a framework to be used for stress simulations for the investment fund sector.
The method developed by ESMA is presented in detail in its Economic Report published today, and is accompanied by a case study where it is applied to 6,000 UCITS bond funds.
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Source: ESMA
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