STOXX Launches Bond Version of EURO STOXX 50 Index
April 7, 2016--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today introduced the EURO STOXX 50 Corporate Bond Index which is the only of its kind, tracking the corporate debt of the EURO STOXX 50 companies.
As such, the EURO STOXX 50 Corporate Bond Index is the fixed income equivalent of the EURO STOXX 50 including the bonds of the top-flight blue-chip companies in the Eurozone.
ESMA finds room for improvement in national supervision of investment advice to retail clients
April 7, 2016--The European Securities and Markets Authority (ESMA) has today published a peer review on how national regulators assess compliance with MiFID's suitability requirements when firms provide investment advice to retail clients.
These requirements are designed to ensure that firms only recommend suitable investment products, based on the investor's profile.
view more
Source: ESMA
ESAs finalise Key Information Documents for retail investors in the EU
April 7, 2016--The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA-ESAs) has finalised its proposal for regulatory technical standards (RTS) on Key Information Documents (KIDs) for Packaged Retail and Insurance-based Investment Products (PRIIPs).
The proposed KIDs provide retail investors for the first time across the EU with simple and comparable information on investment products in the banking, insurance and securities sectors
view more
Source: ESMA
FCA-TR16/3: Meeting investors' expectations
April 7, 2016--We are reporting the findings of our thematic review that considered how firms ensure they manage funds and segregated mandates as they say they will. We also considered how firms monitor the appropriate distribution of their funds.
In our Business Plan 2015/16, we said we would be conducting a thematic review to assess whether UK authorised investment funds and segregated mandates are operated in line with investors' expectations as set by marketing and disclosure material, and investment mandates. Investors make decisions on whether to invest in authorised investment funds based on marketing material, disclosure material and investment mandates so it is important that they are accurate and clear.
view more
Source: FCA.org.uk
World Bank-Russia Economic Report 35: The Long Journey to Recovery
April 6, 2016--Russia's anticipated economic recovery has been delayed, and the country continues to adjust to an adverse external environment of lower oil prices and international sanctions.
In 2015, the consequences of these twin shocks caused real GDP to contract 3.7 percent, the World Bank said in its latest Russia Economic Report launched in Moscow today.
view the Russia Monthly Economic Developments
Source: World Bank
Benchmarks: restoring confidence in the financial markets
April 6, 2016--Benchmarks are widely used to track market developments. As many financial transactions are linked to them, they can determine who benefits from investing in a particular financial product.
However, financial scandals involving benchmarks such as Libor and Eurobibor have shown that they are susceptible to manipulation.On 7 April the economic affairs committee votes on new rules to ensure the full transparency of all benchmarks used in the EU.
view more
Source: European Parliament
National Statistics: UK official holdings of international reserves: March 2016
April 6, 2016--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets.
These consist of gold, foreign currency assets and International Monetary Fund assets.
view
Source: HM Treasury
ESMA publishes Discussion Paper on UCITS share classes
April 6, 2016--The European Securities and Markets Authority (ESMA) has today published a discussion paper on UCITS share classes (the DP).
The Undertakings for Collective Investment in Transferable Securities (UCITS) Directive recognises the possibility for UCITS to offer different share classes to investors but it does not prescribe whether, and to what extent, share classes of a given UCITS can differ from one another. ESMA has identified diverging national practices in Europe regarding the types of share class that are permitted and therefore proposes establishing a common regulatory framework for share classes in the EU.
view the ESMA Discussion Paper on UCITS share classes
Source: ESMA
First smart beta ETF from NASDAQ AlphaDEX index family issued by First Trust on Xetra
April 6, 2016--The first equity index ETF from First Trust has been tradable via Xetra and Bürse Frankfurt since Wednesday. Smart beta ETFs enable European investors to participate in the performance of the NASDAQ AlphaDEX Germany Index with the aim of generating positive alpha compared to indices traditionally weighted by market capitalisation.
The NASDAQ AlphaDEX Germany Index comprises 40 companies with registered offices in Germany that are included in the underlying NASDAQ Germany Index. Companies
ESMA publishes updated AIFMD Q&A
April 5, 2016--The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD).
The Q&A includes a new question and answer on notification requirements relating to additional investment in existing Alternative Investment Funds (AIFs).
view more
Source: ESMA
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.