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ESMA provides guidance on the new EMIR Refit regime for the clearing obligation
March 28, 2019--The European Securities and Markets Authority (ESMA) has published today a statement on the Implementation of the new EMIR Refit regime for the clearing obligation for financial and non-financial counterparties.
This statement is addressed to all financial and non-financial counterparties subject to Regulation (EU) No 648/2012 (EMIR).
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Source: ESMA
Turkey's Problems Appear to Be Ring-Fenced
March 27, 2019--Last year, Turkey's economic woes contributed to a febrile international climate that undermined investor confidence in emerging market currencies generally. While the lira's slump at the end of last week shows the nation's challenges persist, this time the issues are ring-fenced, making the drama a purely domestic affair. For now, at least.
There are two big differences that should prevent any new weakness in the lira from becoming contagious. The country's runaway inflation, which peaked at 25 percent, is now back below 20 percent and its huge current account deficit has all but disappeared. Just as important, the central bank has been swift to act after Friday's selloff.
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Source: Washington Post
ESMA publishes the first Q&As relating to the Prospectus Regulation
March 27, 2019--The European Securities and Markets Authority (ESMA) has today published a new document containing nine Q&As relating to Regulation (EU) 2017/1129 (Prospectus Regulation).
The Q&As provide clarification on the following issues in relation to the Prospectus Regulation:
The scope of the grandfathering of prospectuses approved under the national laws of Member States implementing Directive 2003/71/EC (Prospectus Directive).
The applicability of the current level 3 guidance concerning the Prospectus Directive after the entry into application of the Prospectus Regulation.
view more Boerse Stuttgart, Axel Springer and finanzen.net develop a joint offering for the digital financial world view more MPs reject all alternative Brexit options view more Mifid II? Use-cases for Mifid II data prove elusive view more WisdomTree launches Europe's first floating rate US treasury ETF view more ESMA responds to EC consultation on update of reporting guidelines to reflect climate-related disclosures view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Strong job creation reduced unemployment to a post‑crisis low of 6.2 percent, but wage rises remained subdued at 2.6 percent in 2018. Headline inflation at around the 2 percent target rate in 2017-18 partly reflected rising energy prices, but core CPIF inflation remained below target at an average rate of 1.5 percent in 2018, broadly unchanged from 2016. The Riksbank deferred its first interest rate increase until late 2018, raising the repo rate by 25 basis points to -0.25 percent, and the Swedish krona depreciated 4.3 percent in effective terms in 2018.
Source: IMF
March 27, 2019--Information and trading on one platform //Joint venture company planned
Boerse Stuttgart Group and Axel Springer SE with its finanzen.net portal will be working together in future.
The partners want to use blockchain technology to provide investors with direct and easy access to digital assets such as crypto currencies, thereby setting a benchmark for this new market underway.
Source: Boerse Stuttgart
March 27, 2019--None of eight indicative votes gains majority, with customs union option coming closest
A first attempt by MPs to find a consensus route forward for Brexit has ended in deadlock and confusion after the Commons rejected every option put forward, albeit with a near-even split on the idea of joining a customs union.
Source: theguardian.com
March 27, 2019--Banks running market share analysis from trade reports, but data quality hampering other projects
If Jerome Sabah had his way, any time a client changed their trading patterns, he would get a tap on the shoulder, so he could call them and find out what they need. Data, he says, could give him that tap.
"Let's say an investor trades something on a regular basis and I define a series of something relevant -trading times, amounts or instruments," says Sabah, global head of rates, credit and forex sales for financial institutions at Societe Generale. "Any time that series diverges by 50%, I'd....
Source: risk.net
March 26, 2019--WisdomTree has launched a floating rates treasury bond ETF, which will seek to expand its developed world fixed income fund range.
The USD Floating Rate Treasury Bond Ucits ETF (USFR), which is listed on the London Stock Exchange, marks the first time European investors have been able to access the market through an ETF.
Source: citywireselector.com
March 26, 2019--The European Securities and Markets Authority (ESMA) welcomes the European Commission's proposal to update the non-binding Guidelines on non-financial reporting with the introduction of a specific supplement addressing climate-related disclosures.
ESMA takes the opportunity to make some recommendations on how the Guidelines can be further developed to promote higher quality disclosures.
Source: ESMA
