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ESMA publishes its 2019 Risk Assessment Work Programme
February 7, 2019--The European Securities and Markets Authority today publishes its Risk Assessment Work Programme , providing an overview of the analytical, research, data and statistical activities that ESMA will carry out in 2019.
ESMA's 2019 risk assessment agenda is focused on further developing ESMA's proprietary data sources and their analytical exploitation:
Market Data-as market data collected under its AIFMD, MiFID and EMIR mandates and others becomes available, ESMA is-in cooperation with the National Competent Authorities (NCAs)-finalising the framework for their processing, management and analysis.
Swiss Stock Exchange SIX Plans Blockchain Platform in H2 view more New EU derivatives rules to reduce costs and regulatory burdens view more Launch of the First Polish ETF AgioFunds TFI is the ETF's issuer. Dom Maklerski BOŚ is the offeror and market maker. Beta Securities Poland participates as co-ordinator in the development of Poland's ETF market. view more Nasdaq Copenhagen Welcomes XACT OMXC25 ETF view more Winter 2019 Economic Forecast: growth moderates amid global uncertainties view more HANetf completes second oversubscribed funding round ESMA publishes supervisory briefing on the supervision of non-EU branches of EU firms view more ESMA SETS OUT 2019 PRIORITIES FOR SUPERVISORY CONVERGENCE view more
IMF Staff Country Reports-Italy: Selected Issues view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: ESMA
February 7, 2019--Switzerland's top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year.
Reuters reported Feb. 6 that SIX chairman Romeo Lacher said the planned new SIX Digital Exchange (SDX) will initially operate alongside the existing SIX platform.
Source: coindesk.com
February 7, 2019--The EU Parliament and states reached political agreement Tuesday on rules applying to non-financial counterparties, small financial counterparties and pension funds using financial derivative products.
The targeted reform of the European Market Infrastructure Regulation (EMIR) introduces simpler rules for derivatives, which is expected to reduce costs and regulatory burdens for market participants.
Source: eubusiness.com
January 7, 2019--A new WIG20TR ETF has been added to GPW's offer of financial products
The new Beta ETF is the first Polish ETF listed on GPW
Beta ETF WIG20TR, the first 100% Polish ETF in the history of the Warsaw Stock Exchange, established under Polish law, developed and managed by Polish experts, has been newly listed on GPW’s Main Market today.
Beta ETF WIG20TR, the first 100% Polish ETF in the history of the Warsaw Stock Exchange, established under Polish law, developed and managed by Polish experts, has been newly listed on GPW’s Main Market today.
Source: GPW Main Market
February 7, 2019--Nasdaq (Nasdaq: NDAQ) announced today that trading in the Xact OMXC25 ETF (UCITS ETF) commences on Nasdaq Copenhagen*. Xact C25 ETF is issued by Xact Kapitalförvaltning AB and distributed by Handelsbanken Denmark. Xact C25 ETF is traded under ISIN code SE0011452127, has the Trading Code XACTC25, and is the first ETF to be accepted for trading on the Nasdaq Copenhagen exchange.
Xact Kapitalförvaltning AB is a Swedish fund company specializing in index management. Already in 2000, Xact launched the first ETF in Sweden and thus became the first in the Nordic region to offer ETFs. Today, approximately SEK 30 billion is under management in 15 ETFs, making Xact the Nordic region's leading provider of ETFs.
Source: Nasdaq Nordic
February 7, 2019--The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State. The pace of growth overall is projected to moderate compared to the high rates of recent years and the outlook is subject to large uncertainty.
Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: "All EU countries are expected to continue to grow in 2019, which means more jobs and prosperity. Yet our forecast is revised downwards, in particular for the largest euro area economies. This reflects external factors, such as trade tensions and the slowdown in emerging markets, notably in China."
Source: European Commission
February 6, 2019--HANetf, Europe's first independent "white-label" UCITS ETF platform, has completed its second oversubscribed funding round, bringing on a number of experienced industry figures.
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Source: MRN-london.com
February 6, 2019--The European Securities and Markets Authority (ESMA) has today published a MiFID II supervisory briefing on the supervision of non-European Union (EU) branches of EU firms providing investment services and activities.
The supervisory briefing has been designed to assist national competent authorities (NCAs) in their supervision of the establishment by EU firms of branches in non-EU countries.
Source: ESMA
February 6, 2018--The European Securities and Markets Authority (ESMA) has published today its 2019 Supervisory Convergence Work Programme (SCWP), which sets out ESMA's work streams to promote sound, efficient and consistent supervision across the European Union (EU).
For 2019, the following priorities for supervisory convergence were identified:
Ensuring supervisory convergence in the context of the UK's decision to withdraw from the EU;
Making data and its use more robust and consistent by developing and further clarifying reporting methodologies and providing guidance to ensure complete and high-quality data;
Source: ESMA
February 6, 2019--REFORMING ITALY'S SOCIAL WELFARE SYSTEM AND LOWERING TAXES ON LABOR: SOME CONSIDERATIONS2
The Italian authorities are keen to improve Italy's social welfare system. They plan to introduce a new citizenship income program, aimed at assisting the poor and facilitating their reintegration into the labor market.
They also plan to gradually lower taxes on labor income. With a social safety net centered on pensions and the elderly and an array of income support schemes as well as a heavy tax burden falling on labor income, there is significant scope to improve Italy's system of taxes and transfers to promote growth and inclusion. This note uses the tax-benefit microsimulation model for the European Union (EUROMOD) to evaluate possible reforms to modernize Italy's social safety net as well as ways to lower the tax wedge on labor.
Source: IMF
