EU Budget for 2021-2027: Commission welcomes preliminary agreement on InvestEU
March 20, 2019--The European Commission welcomes the preliminary agreement on InvestEU, the proposed programme to boost private and public investment in Europe in the next long-term EU budget 2021-2027.
This preliminary agreement between the European Parliament, Member States and the Commission is a crucial step towards the creation of the InvestEU programme, which will bring together under one roof the European Fund for Strategic Investments and 13 other EU financial instruments currently supporting investment in the EU, making the financing easier to access.
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Source: European Commission
Official Statistics: Forecasts for the UK economy: March 2019
March 20, 2019--A comparison of independent forecasts for the UK economy in March 2019.
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Source: Gov.uk
Solactive partners with CoinMarketCap to create Cryptocurrency Benchmark Indices
March 20, 2019--Solactive is pleased to announce that internationally renowned cryptocurrency information and data provider CoinMarketCap (CMC) joined forces with the German index provider to create new Cryptocurrency Benchmark Indices, labeled: CMC Crypto 200 Index-powered by Solactive.
Initially, two indices are at the starting line covering 200 crypto currencies, with one index including the top cryptocurrencies by market capitalization and one subversion excluding the most prominent cryptocurrency Bitcoin (BTC).
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Source: Solactive
Two New Metal and Energy ETCs from Boost on Xetra
March 20, 2019--Since Wednesday, two new Exchange Traded Commodities from Boost are tradable via Xetra and Börse Frankfurt.
The ETCs offer investors access to the performance of reference indices denominated in US dollars that track the commodity sectors of industrial metals or energy.
Both indices use an optimised roll mechanism aimed at minimising losses from contango contracts or maximising the benefits from backwardation contracts.
Name: Boost Enhanced Industrial Metals ETC
Asset class: Commodity index ETC
ISIN: DE000A2GCWM6
Ongoing charges: 0.76 per cent
Distribution policy: Accumulating
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Source: Deutsche Börse Group
EBA updates methodological guidance on risk indicators and analysis tools
March 20, 2019--The European Banking Authority (EBA) published today an updated methodological guide on how to compile risk indicators and detailed risk analysis tools.
This guidance, which describes how risk indicators are computed in EBA publications, allows competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments.
view the Revised THE EBA Methodological Guide - Risk Indicatorsand Detailed Risk Analysis Tools
Source: EBA
Europeans Try to Kill MiFID Rule in Brexit Derivatives Fight
March 20, 2019--Exchange-traded derivatives worth 1.3 trillion euros per day
Battle pits Deutsche Boerse against its British rival LSE
The City of London is getting another reminder of how fraught post-Brexit dealings with the European Union could get in the $1.5 trillion-a-day market for exchange-traded derivatives.
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Source: bloomberg.com
EBA publishes updated impact of the final Basel III reforms on EU banks capital and updates on the compliance with liquidity measures in the EU
March 20, 2019--The European Banking Authority (EBA) published today two reports, which measure the impact of implementing the final Basel III reforms and monitor the current implementation of liquidity measures in the EU. The EBA Basel III capital monitoring report includes a preliminary assessment of the impact of the Basel reform package on EU banks, assuming its full implementation.
The report on liquidity measures monitors and evaluates the liquidity coverage requirements currently in place in the EU. Overall, the EBA estimates that the Basel III reforms, once fully implemented, would determine an average increase by 19.1% of EU banks' Tier 1 minimum required capital.
view the EBA Report on Liquidity Measures-2Q 2018
view the Basel III Monitoring Exercise Report-data as of 30 June 2018
Source: European Banking Authority (EBA)
ESMA publishes its Data Operational Plan under a no-deal Brexit scenario
March 19, 2019--The European Securities and Markets Authority (ESMA) has today published a statement in relation to the impact on ESMA's databases and IT systems of a no-deal Brexit scenario on 29 March 2019.
This statement complements the previous statement on the use of UK data in ESMA's databases and performance of MiFID II calculations in case of a no-deal Brexit from 5 February 2019
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Source: ESMA
UniCredit and Axiom AI launch first global CoCo bond ETF
March 19, 2019--UniCredit Bank AG, via its subsidiary Structured Invest S.A., and Axiom Alternative Investments have announced the launch of the UC AXI Global CoCo Bonds UCITS ETF, the first global exchange-traded fund (ETF) to provide a market weighted exposure to the contingent convertible (CoCo) bond market.
The ETF will be listed on Deutsche Börse Xetra under ticker CCNV.
The UC AXI Global CoCo Bonds UCITS ETF (ISIN: LU1873136789) is the first ETF to provide investors with access to the entire liquid CoCo Bond market, including Additional Tier 1 (AT1)* and Restricted Tier 1 (RT1)* capital instruments. The ETF will track the performance of the Solactive AXI Liquid Contingent Capital Global Market TR Index-EUR hedged (SOLAXICC), the first currency hedged market-value weighted index.
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Source: UniCredit
UK to lose 1tn pounds of financial assets to Europe due to Brexit
March 19, 2019--Financial services companies have committed to move about £1tn of assets out of the UK into Europe as the industry triggers its worst-case contingency plans with no Brexit deal in sight, according to consultancy EY.
The estimate by EY-which mainly covers client assets and cash moved out of the UK by banks and fund managers as well as the transfer of balance sheets as operations are relocated — has increased by £200bn since the last survey in January.
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Source: MSN
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