Bank of England should promote alternatives to banks-Kohn
June 5, 2015-The Bank of England should make it easier for businesses and households to borrow money safely from capital markets and lenders other than banks, a central bank policymaker said in a speech published on Friday.
Don Kohn, a member of the BoE's Financial Policy Committee and former vice-chairman of the U.S. Federal Reserve, said British banks' reluctance to lend after the financial crisis showed the need for alternative sources of funds.
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Source: Reuters
Europe's Bond Shockwaves Magnified by Liquidity Drain-Analysts
June 4, 2015--The sharp selloff in German government bonds is being exacerbated by a liquidity shortage, analysts say, a recurring theme for bond markets lately.
Yields on 10-year German government bonds rose by about 0.3 percentage point in two days to touch 0.99% Thursday, a sharp move for that market.
Nordea Bank Finland Plc issues Equity Linked Notes-Aktiebevis Europæiske Ejendomsselskaber 2019
June 4, 2015--Nordea Bank Finland Plc (the "Issuer") issues a series (A967) of Equity Linked Notes due 21 June 2019, Aktiebevis Europæiske Ejendomsselskaber 2019, denominated in euro ("EUR") with ISIN Code DK0030361977 and Common Code 124122961 (the "Notes").
The Notes are to be issued on 25 June 2015 and will be redeemed on 21 June 2019 in accordance with performance structure "Booster Long".
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Source: Nordea Bank Finland Plc.
WisdomTree signs up 12 Authorised Participants
June 4, 2015--Capital Markets Initiative Underscores Company's Commitment to Best-In-Class ETF Execution
WisdomTree, an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor, and pioneer of dividend-weighted smart beta ETFs, is pleased to announce that it has signed up 12 Authorised Participants (APs) to support WisdomTree Europe's range of UCITS ETFs.
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Source: WisdomTree
IMF allows Greece to bundle June debt payments
June 4, 2015--Athens has bought more time to strike a critical aid-for-reforms deal with its bailout lenders after the International Monetary Fund agreed that the cash-starved country can repay debts due in June in one lump sum.
The International Monetary Fund (IMF) said Thursday that the government in Athens had asked the global lender to be allowed to pay back its debt maturing in June in a single payment to be made on June 30.
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Source: Deutsche Welle
UK official holdings of international reserves: May 2015
June 3, 2015--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: HM Treasury
ECB says no talk of exiting bond purchase programme yet
June 3, 2015--European Central Bank president Mario Draghi said Wednesday that the ECB is a "long way" from considering phasing out its controversial bond purchase programme any time soon.
Asked whether the ECB was currently considering an "exit strategy" from a raft of unconventional policy measures, Draghi told a news conference: "No. The answer is no. We're really far from that."
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Source: EUbusiness
UK watchdog proposes new rules to avoid excessive fees for benchmarks
June 3, 2015-Britain's financial watchdog has proposed rules to ensure that widely-followed market benchmarks like Libor interest rates, gold or oil are available to all at a fair price.
After banks were fined for trying to rig the Libor interest rate benchmark and currency markets, Britain has required eight major market benchmarks to be run by an independent administrator to reduce the chances of manipulation.
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Source: Reuters
Zalando SE to be included in MDAX
Deutsche Börse reviews index composition/Unscheduled adjustments in SDAX
June 3, 2015--On Wednesday Deutsche Börse decided on changes in its selection indices which will become effective on 22 June 2015.
The following changes will be made to MDAX: The shares of Zalando SE will be included in MDAX and will replace the shares of Bertrandt AG, which will move to SDAX.
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Source: Deutsche Börse
Source's new CEO plays down flows slump
June 3, 2015--The new chief executive officer of exchange traded fund provider Source has played down a recent slump in European flows, blaming "profit taking" on a handful of products.
Peter Thompson, however, says Source will launch more physical ETFs in future as analysts believe that the provider's product mix is to blame for the poor sales.
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Source: FT.com
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