New iShares ETF on Japanese companies with focus on sustainability launched on Xetra
May 23, 2016--A new iShares equity index ETF from BlackRock's product offering has been tradable on Xetra and Börse Frankfurt since Monday, 23 May.
Name: iShares Sustainable MSCI Japan SRI EUR Hedged UCITS ETF
Asset class: equity index ETF
ISIN: IE00BYVJRQ85
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Benchmark: MSCI Japan SRI Hedged to EUR Index
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Source: Deutsche Börse Cash Market
Research and analysis: HM Treasury analysis: the immediate economic impact of leaving the EU
May 23, 2016--This document assesses the immediate economic impact of a vote for the UK to leave the EU.
A vote to leave would cause a profound economic shock creating instability and uncertainty which would be compounded by the complex and interdependent negotiations that would follow.
The central conclusion of the analysis is that the effect of this profound shock would be to push the UK into recession and lead to a sharp rise in unemployment.
Two scenarios have been modelled to provide analysis of the adverse impact on the economy: a 'shock' to the economy, and a 'severe shock'.
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Source: HM Treasury
Green light for EU-wide cybersecurity rules
May 19, 2016--New rules to strengthen the security of network and information systems throughout Europe are due to enter into force in August, after the EU formally gave its green light on Tuesday.
The network and information security (NIS) directive will increase cooperation between member states on the vital issue of cybersecurity.
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Source: EUbusiness
EU toughens rules to stop rigging of market benchmarks
May 18, 2016-The EU adopted new rules Tuesday aimed at restoring trust in interest rate benchmarks and avoiding the kind of manipulation of such instruments seen in the recent Libor and Euribor scandals.
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Source: EUbusiness
One year delay for MiFID II directive
May 18, 2016--The EU confirmed Wednesday a one-year delay to the MiFID directive, new securities market rules which regulate firms providing share-dealing services, after a Council agreement with the European Parliament.
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Source: EUbusiness
Blame Brexit, as fund managers flee U.K. stocks
May 18, 2016--Allocations into U.K. stocks have plunged to the lowest level since November 2008, as fund managers shun British assets over fears an exit from the European Union would wreck the country's economy.
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Source: MarketWatch
Official Statistics: Forecasts for the UK economy: May 2016
May 18, 2016--Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that Forecasts for the UK economy is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury's own views. It contains only a selection of forecasters, which is subject to review.
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Source: HM Treasury
Spring 2016 European Semester package: Commission issues country-specific recommendations
May 18, 2016--Member States are making progress with reforms and addressing macroeconomic imbalances, but more is needed to consolidate Europe's recovery.
The European Commission today proposes its 2016 country-specific recommendations (CSRs), setting out its economic policy guidance for individual Member States for the next 12 to 18 months. In addition to efforts already identified and ongoing at European level, this guidance focuses on priority reforms to strengthen the recovery of Member States' economies by boosting investment,, implementing structural reforms and pursuing fiscal responsibility.
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Source: European Commission
Changes to the Executive Board of Eurex
May 13, 2016--The Board of Directors of Eurex Zürich AG and the Supervisory Board of Eurex Frankfurt AG have appointed Dr. Randolf Roth as a new member of the Eurex Executive Board.
Roth will be responsible for the newly created Market Design department. His responsibilities include oversight of the evolution of Eurex's market model, regulatory and functional design as well as the development of the rules and regulations of Eurex.
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Source: Eurex
ESAs clarify their position on technical standards on the credit quality steps for ECAIs' credit assessments
May 12, 2016--The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA-ESAs) published today its Opinion on the European Commission's (EC) intention to amend the draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions' (ECAIs) credit assessments under the Capital Requirements Regulation (CRR) and Solvency II Directive. The Opinion was produced in response to the EC's proposed amendments to these draft ITS.
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Source: ESMA