Infographic-Brexit Fever Spreads: Austria and Holland are Next Up to Leave EU
June 30, 2016--Europe's got a fever,and the only prescription is...more referendums.
Eurasia Group, a geopolitical risk consultancy, shared this map today after analyzing EU countries for the potential of further Brexit-like events:
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Source: visualcapitalist.com
IMF-Germany:Financial Sector Assessment Program-Fund Management: Regulation, Supervision and Systemic Risk Monitoring-Technical Notes
June 29, 2016--Summary: The sector is the third-largest in Europe, as measured by all managed assets, and comprises a broad range of management companies and funds. Full account is taken of the requirements set out in EU legislation and the standards and principles developed by IOSCO, with some adjustments to reflect the specificities of the German market and priorities of the main supervisor of the sector, BaFin.
Bafin is seen as a well-respected and authoritative body which understands the asset management industry well and supervises it in a firm but fair manner. BaFin is sufficiently well-resourced that it can maintain close contact with asset managers and depositaries. This contact could be intensified even further through a program of more frequent on-site inspections.
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Source: IMF
Trading spiked 550% on platform founded by Brexit backer
June 28, 2016--Co-founder of Hargreaves Lansdown had backed the 'Leave' campaign to the tune of £3.2 million.
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Source: Financial News
Crystal Palace fan wants to make Vanguard a European champion
June 28, 2016--US investment giant is building a UK retail platform that could take it up the league table.
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Source: Financial News
Monday Morning Memo: Review of the European ETF Market, May 2016
June 27, 2016--After a rough start for the year 2016 the assets under management in the European exchange-traded fund (ETF) industry recovered during April (+€8.1 bn) and May (+€9.0 bn) to €454.6 bn. The increase of €9.0 bn for May was mainly driven by the performance of the underlying markets (+€8.7 bn), while net sales contributed only €0.3 bn to the overall growth in assets under management in the ETF segment.
With regard to the overall number of products, it was not surprising that equity funds (€306.6 bn) held the majority of the assets, followed by bond funds (€122.6 bn), commodity products (€14.5 bn), "other" funds (€6.7 bn), money market funds (€3.4 bn), mixed-asset funds (€0.4 bn), and alternative UCITS products (€0.4 bn).
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Source: Lipper
S&P strips Britain of perfect AAA credit rating
June 27, 2016--S&P Global Ratings has cut the UK's top credit grade by two levels after the country voted to leave the European Union last week.
UK Referendum on Membership of the European Union: Questions & Answers
June 24, 2016--The European Commission takes note of the outcome of the UK Referendum.
Now that the UK has voted to leave the European Union, what happens next?
The European Commission takes note of the outcome of the UK Referendum. Proceedings under Article 50 of the Treaty on European Union will have to be launched.
The terms of the UK Settlement agreed at the European Council of 18-19 February 2016 have ceased to exist.
During negotiations under Article 50, European Union Treaties and law continue to apply to the UK. If no agreement is reached within 2 years of the UK activating Article 50, the UK would leave the EU without any new agreement being in place.
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Source: European Commission
Joint statement by Deutsche Boerse and London Stock Exchange Group
June 24, 2016--Deutsche Börse AG
("Deutsche Börse") and London Stock Exchange Group plc ("LSEG") note the result of the UK Referendum which recorded a majority of votes in favour of leaving the European Union.
As stated in the shareholder documents published on 1 June 2016, the recommended all-share merger of LSEG and Deutsche Börse (the "Merger") is not conditional on the outcome of the Referendum.
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Source: Deutsche Börse
EU referendum results live: Brexit wins as Britain votes to leave European Union
June 24, 2016--Britain has voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote.
David Cameron, who will address the nation shortly, is now facing calls to resign as Prime Minister.
While England voted overwhelmingly for Brexit, Scotland and Northern Ireland backed Remain.
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Source: The Telegraph
Infographic-Is Brexit the First of Many Dominoes?
June 24, 2016--UK and the Rest of Europe Brace for an Uncertain Future
Markets have been turned upside down by a surprise Brexit result and the resignation of David Cameron.
While there is looming uncertainty around how this will affect the United Kingdom and Europe from an economic perspective, it might be just the tip of the iceberg in terms of long-run consequences.
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Source: visualcapitalist.com
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