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GF International Asset Management Launches First ETF On London Stock Exchange
January 12. 2017--First ETF to track the FTSE Global China A Inclusion Index Series
First ETF from a Chinese asset management firm based in Europe
Growing number of Chinese issuers choosing to list ETFs in London.
First ETF from a Chinese asset management firm based in Europe
Growing number of Chinese issuers choosing to list ETFs in London
Reflects growing investor demand for access to the world’s second largest economy
ESMA calls for consistent application of MiFIR product intervention powers
January 12, 2017--The European Securities and Markets Authority (ESMA) has issued today an Opinion regarding the scope of the product intervention powers under the Markets in Financial Instruments Regulation (MiFIR).
These powers can be exercised by both national competent authorities (NCAs) and ESMA from 3 January 2018.
< a href="https://www.esma.europa.eu/press-news/esma-news/esma-calls-consistent-application-mifir-product-intervention-powers" TARGET="_blank">view more
Source: ESMA
Greater Productivity, Investment in People Can Put Russia Back on Path to Sustainable and Inclusive Growth
January 12, 2017--Increased productivity and greater investment in human capital and services are essential to achieving sustainable and inclusive economic growth to benefit all of Russia's citizens, says the World Bank Group's Systematic Country Diagnostic for the Russian Federation, "Pathways to Inclusive Growth" launched today at the 2017 Gaidar Forum
The Diagnostic provides a comprehensive analysis of the economic conditions, challenges and constraints facing Russia in the short,and medium,term, identifies general causal chains related to Russia's interlinked development challenges and opportunities, and proposes a set of broad policy priorities and actions.
view the Systematic Country Diagnostic for the Russian Federation, "Pathways to Inclusive Growth" report
Source: World Bank
Euro area securities issues statistics
January 11, 2017--Euro Area Securities Issues Statistics: November 2016
The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in November 2016, compared with -0.3% in October.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.9% in November 2016, the same as in October.
The annual growth rate of outstanding debt securities issued by non-financial corporations increased from 6.3% in October 2016 to 7.2% in November.
view more
Source: ECB
Britain's finance industry drops demands for passporting after Brexit
January 11, 2017--Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products.
Banks, insurers and asset managers have come to the conclusion there is no realistic chance of maintaining full passporting rights after Brexit that would allow them to sell all their services across the 28-nation bloc from Britain.
view more Blockchain could streamline regulatory reporting, EU lawmaker says view more
Brexit adds to caution on LSE, Deutsche Boerse merger: Draghi view more Turkish lira plumbs record lows against the dollar on economic and political fears view more If you are looking for a particuliar article and can not find it, please feel free to contact us
January 11, 2017--The European Securities and Markets Authority (ESMA) finds that national regulators are giving greater attention to best execution requirements under the Markets in Financial Instruments Directive (MiFID) in the follow-up report to its Peer Review published in 2015.
Best execution refers to the obligation under article 21 of MiFID for investment firms to execute orders on terms most favourable to their clients as an investor protection measure.
Source: ESMA
January 11, 2017--Securities firms should be allowed to experiment with using blockchain technology to cut the cost of their regulatory reporting, a European Parliament leader said, pressing EU authorities to promote financial technology.
Cora van Nieuwenhuizen also urged more regulators to follow the UK's lead in collaborating with banks and other business
Source: mlexfs-core.com
January 11, 2017--The European Central Bank needs to carefully analyze a proposed merger between London Stock Exchange Group (LSE.L) and Deutsche Boerse (DB1Gn.DE), particularly given Britain's decision to leave the EU, ECB President Mario Draghi said on Wednesday
"When a merger leads to a change in ownership of a euro area bank, as could be the case for entities within Deutsche Boerse and LSE Group that are licensed as banks, the ECB has to analyze it carefully from a prudential perspective," Draghi said in a letter to a member of the European Parliament.
Source: Reuters
January 10, 2017--Turkey,s currency, the lira, hit an all-time low of 3.7790 against the U.S. dollar in early trade on Tuesday, breaking previous record lows plumbed during Monday's session.
The currency, which lost 17 percent against the U.S. dollar during 2016 to claim the title of the second-worst performing emerging market (EM) currency for the year after the Argentine peso, saw its woes increase further following the publication of a critical note from credit rating agency Moody's on Monday.
Source: CNBC.com
