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Crypto-assets need common EU-wide approach to ensure investor protection
January 9, 2019--The European Securities and Markets Authority (ESMA) today publishes its Advice to the European Union (EU) Institutions-Commission, Council and Parliament-on initial coin offerings and crypto-assets.
The Advice clarifies the existing EU rules applicable to crypto-assets that qualify as financial instruments, and provides ESMA's position on any gaps and issues in the current EU financial regulatory framework for consideration by EU policymakers
ESMA has been working with National Competent Authorities (NCAs) on analysing the different business models of crypto-assets, the risks and potential benefits that they may introduce, and how they fit within the existing regulatory framework.
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Source: ESMA
ESMA provides standards on supervisory cooperation under the Securitisation Regulation
January 8, 2019--The European Securities and Markets Authority (ESMA) has issued today its final Regulatory Technical Standards (RTS) regarding cooperation between competent authorities (CAs) and the European Supervisory Authorities (ESAs) under Regulation (EU) 2017/2402 (the Securitisation Regulation).
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Source: ESMA
$1 Trillion Fleeing London Because of Brexit
January 7, 2019--Banks, insurers and money managers are planning to move about 800 billion pounds ($1 trillion) of assets from the U.K. to the rest of Europe as Brexit uncertainty takes its toll, according to a survey conducted by EY.
Key Insights
Consulting firm EY said its estimate may be low, because many firms haven't publicly declared the value of assets being transferred. According to another group's estimate, as much as 800 billion euros of balance-sheet assets could move to Frankfurt alone. EY said its "conservative" estimate is based on statements from 20 companies that have announced a transfer of assets out of London.
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Source: Bloomberg
Monday Morning Memo: Performance Review of Long-Term Mutual Funds Registered for Sale in Europe, Year End 2018
January 7, 2019--The year 2018 was a bumpy ride for the global securities markets as investors faced fears about a global trade war, geopolitical uncertainties and corporate scandals, as well as increasing interest rates. The resulting sluggish performance of the securities markets is also reflected in the average returns of long-term mutual funds registered for sale in Europe (-5.68%) for the year 2018.
That said, a view on the average results does hide that some funds were able to generate solid positive results, even as the respective classification average might be negative.
Real estate funds (+1.54%) had on average the best performance of all long-term mutual funds registered for sale in Europe, followed by bond funds (+1.09%), while all other asset types showed on average negative returns. Equity funds (-10.01%) showed the weakest returns, bettered by commodity funds (-8.09%) and mixed asset funds (-6.86%).
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Source: Refinitiv
Investment banks muscle in on Europe's ETF battle
January 6, 2019--Global lenders beef up staffing and technology to try to gain trading edge
Europe's exchange traded fund market has become a global battleground, with some of the largest investment banks busily honing their ETF trading capabilities.
Société Générale, Citigroup, JPMorgan, Goldman Sachs, HSBC and BNP Paribas have all hired staff and invested in new facilities to respond to institutional clients' appetite for ETFs.
Name: Ossiam World ESG Machine Learning UCITS ETF-1A (EUR) Equity ETF view more Xetra-Gold holdings rise to 181.47 tonnes at year-end view more Cash Market achieves highest trading volume since 2008Cash Market achieves highest trading volume since 2008 view more If you are looking for a particuliar article and can not find it, please feel free to contact us
ISIN: IE00BF4Q4063
Source: Deutsche Börse Group
January 3, 2019--The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) increased to 181.47 tonnes at the end of the year 2018. This is a plus of more than seven tonnes over the course of the year.
At the beginning of 2018, 174.24 tonnes of gold were stored in the central vault for German securities in Frankfurt. The assets under custody currently amount to 6.6 billion euros. Xetra-Gold is thus the leading physically backed gold security in Europe. Xetra-Gold holdings always increase when investors buy Xetra-Gold shares via the stock market. Exactly one gram of gold is deposited in the central safe for each share certificate.
Source: Deutsche Börse Group
January 2, 2019--In 2018, Cash Market of Deutsche Börse achieved an order book turnover of €1.72 trillion-the highest trading volume since 2008 and an increase of 17 per cent compared to the previous year (€1.47 trillion).
Of this amount, €1.57 trillion were attributable to Xetra, €40.11 billion to the Börse Frankfurt venue and €105.81 billion to Tradegate Exchange. The shares with the highest turnover in 2018 on Xetra (split by main indices) were Bayer AG with €75.43 billion (DAX index), Osram Licht AG with €7.41 billion (MDAX index), Puma SE with €1.92 billion (SDAX index) and Wirecard AG with €26.16 billion (TecDAX index).
Source: Deutsche Börse Group
