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ROBO-STOX opens London Stock Exchange trading
October 27, 2014-- 'iiwa' the robot, opens London trading
Marks the launch of ROBO-STOX Global Robotics and Automation ETF
First European ETF providing exposure to the global robotics and automation sector.
London Stock Exchange today welcomes the first global robotics and automation ETF to its markets. The ROBO-STOX(R) Global Robotics and Automation GO UCITS ETF launched by ETF Securities, and ROBO-STOX(R), the robotics and automation investment research company, gives investors the opportunity to gain exposure to a new and rapidly evolving industry sector.
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Source: London Stock Exchange Group
Change at the top of Deutsche Borse AG Chief Executive Officer Reto Francioni will hand over his tasks to his successor after the Annual General Meeting 2015
Carsten Kengeter takes over the position of Chief Executive Officer from 1 June 2015-Deputy CEO Andreas Preuss extends contract
October 27, 2014--After 17 years on the Executive Board of Deutsche Börse AG, almost ten of which as CEO, Reto Francioni will hand over his post to his designated successor, Carsten Kengeter, after Deutsche Börse AG's Annual General Meeting on 13 May 2015.
Reto Francioni will turn 60 in August 2015. Over the past months the Chairman of the Supervisory Board, Joachim Faber, and the respective Supervisory Board committees have identified an suitable successor in an extensive process and with the accompanying support of the CEO, Reto Francioni. Carsten Kengeter, who will already join as a member of the Executive Board in April 2015 at the latest, will take over the position of CEO effective 1 June 2015 after the Annual General Meeting 2015. The current Deputy CEO, Andreas Preuss, will extend his mandate until 31 May 2018. The relevant decisions were taken by the Supervisory Board in its meeting today.
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Source: Deutsche Börse
New London gold benchmark to go live in early first quarter 2015-LBMA
October 27, 2014--A new electronic gold price mechanism is expected to be in operation early in the first quarter of 2015, replacing the century-old gold benchmark, the London Bullion Market Association said on Monday.
The gold industry group said it has launched a survey to request further feedback from market participants on the proposed solutions. Participants will be asked to confirm which solution they will be willing to participate in, the LBMA said.
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Source: Reuters
EBA publishes 2014 EU-wide stress test results
October 26, 2014--The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking sector and increase confidence.
On average, EU banks' common equity ratio (CET1) drops by 260 basis points, from 11.1% at the start of the exercise, after the asset quality reviews’ (AQRs) adjustment, to 8.5% after the stress. By disclosing these results, the EBA is providing unparalleled transparency into EU banks’ balance sheets, with up to 12,000 data points per bank, an essential step towards enhancing market discipline in the EU.
view the Results of 2014
EU‐wide stress test
Source: EBA
ECB's in-depth review shows banks need to take further action
October 26, 2014--Key results of comprehensive assessment of 130 largest euro area banks:
Capital shortfall of €25 billion detected at 25 participant banks
Banks' asset values need to be adjusted by €48 billion, €37 billion of which did not generate capital shortfall
Shortfall of €25 billion and asset value adjustment of €37 billion implies overall impact of €62 billion on banks
Additional €136 billion found in non-performing exposures
Adverse stress scenario would deplete banks' capital by €263 billion, reducing median CET1 ratio by 4 percentage points from 12.4% to 8.3%
Exercise delivers high level of transparency, consistency and equal treatment
Rigorous exercise is milestone for the Single Supervisory Mechanism starting in November
view the Aggregate report on the comprehensive assessment
Source: ECB
ESMA publishes updated EMIR Q&A
October 24, 2014--The European Securities and Markets Authority (ESMA) has today issued the 11th update of its Q&A document on the implementation of the European Markets Infrastructure Regulation (EMIR).
The Q&As provide answers and guidance related to questions receveid regarding the implementation of EMIR.
view the 11th-Q&A document on the implementation of the European Markets Infrastructure Regulation (EMIR)
Source: ESMA
Forecasts for the UK economy: October 2014
October 15, 2014--Forecasts for the UK economy is a monthly comparison of independent forecasts. This edition contains forecasts to 2018.
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.
< a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/363808/Forecomp_201410.pdf" TARGET="_top">view the Forecasts for the UK economy: October 2014
Source: HM Treasury
SPDR Thomson Reuters Global Convertible Bond UCITS ETF launched on Xetra
SPDR Thomson Reuters Global Convertible Bond UCITS ETF launched on Xetra
ETF tracks the global market for convertible bonds for the first time
October 15, 2014--A new bond index fund from the ETF offering issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra since Wednesday.
ETF name: SPDR Thomson Reuters Global Convertible Bond UCITS ETF
Asset class: convertible bonds
ISIN: IE00BNH72088
Total expense ratio: 0.50 percent
Distribution policy: distributing
Benchmark: Thomson Reuters Qualified Global Convertible Index
The SPDR Thomson Reuters Global Convertible Bond UCITS ETF offers investors the opportunity to participate for the first time in the performance of the global market for convertible bonds.
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Source: Xetra
UK government successfully issues a sovereign bond in China's currency, the renminbi (RMB).
October 14, 2014--The UK government has today successfully issued a sovereign bond in China's currency, the renminbi (RMB), becoming the first western country to do so and issuing the largest ever non-Chinese RMB bond.
The RMB 3 billion bond, which is equivalent to approximately £300 million, has a maturity of 3 years and delivers on the Chancellor's announcement at the recent annual UK-China economic summit in London that the government intended to issue an RMB bond.
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Source: HM Treasury
Four new iShares ETFs launched on Xetra
ETFs offer access to strategy indices on MSCI World
October 13, 2014--Four new iShares equity index ETFs from BlackRock's product offering have been tradable in Deutsche Börse's XTF segment on Xetra.
All four iShares ETFs track the performance of stock corporations included in the MSCI World Index. Selection and weighting of the stocks differ depending on the selected strategy approach according to the company size, company value, momentum and earnings quality.
The quality-based strategy is used for the iShares MSCI World Quality Factor UCITS ETF. The selection of stock corporations is based on three factors intended to reflect the earnings quality: dividend yields, low debt and stable earnings power. The reference index currently contains 301 companies from 23 industrialised nations.
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Source: Xetra
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