Settlement houses team up to streamline Europe's funding market
June 15, 2013--Two long-standing rivals Euroclear and Deutsche Boerse are to work together to help improve the supply of short-term funding for banks, an important step towards a Europe-wide capital market and to boost lending.
Brussels-based Euroclear and Deutsche Boerse's Clearstream and Eurex Clearing agreed on Monday to pool their highly-rated government bonds and similar assets to create an easily accessible supply of collateral that banks use to get short-term funding in the financial markets.
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Source: Reuters
FESE European Equity Market Report-June 2013 Figures Results of the June 2013 ECB survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets ESMA begins detailing central clearing of OTC derivatives
EMIR introduced provisions to improve transparency, establish common rules for central counterparties (CCPs) and for trade repositories (TRs) and to reduce the risks associated with the OTC derivatives market. It provides for the obligation to centrally clear OTC derivative contracts or to apply risk mitigation techniques such as the exchange of collateral. Steven Maijoor, ESMA Chair, said:
“Our consultation is a first important step in shaping the details of how central clearing of OTC derivatives will work in the European Union. Having these trades centrally cleared and ultimately making post-trade data available to investors will increase the robustness, transparency and stability of the financial system.”
view more AMF publishes 2013 Risk and Trend Mapping for Financial Markets and Savings
Financial institutions moved ahead with efforts to adapt to a highly uncertain economic environment.
Regarding household saving, 2012 saw net outflows from life insurance and a loss of public interest in
equity funds. view the AMF-2013 Risk and Trend Mapping for Financial Markets and Savings report France wants changes to EU financial transaction tax view more Exchange-Traded Products Based on NASDAQ OMX Commodity Indexes are Introduced "The introduction of these commodity ETPs reaffirms the success of our index construction and our rules-based, objective and transparent index methodology," said John Jacobs, NASDAQ OMX EVP and Head of NASDAQ OMX Global Indexes. "BOOST ETP has again succeeded in leveraging our indexes to quickly and efficiently develop innovative products for a wide range of investors."
view more DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review request report Turkey's hot money exodus sends currency wars into reverse view more Euro area securities issues statistics Redemptions stood at EUR 716 billion and net issues amounted to EUR 105 billion.1 The annual rate of change of outstanding debt securities issued by euro area residents was -0.1% in
May 2013, compared with -0.3% in April (see Table 1 and Charts 1 and 3).
The annual rate of change of outstanding short-term debt securities was -8.3% in May 2013,
compared with -9.2% in April. For long-term debt securities, the annual growth rate was 0.8% in May 2013, compared with 0.6% in April. The annual growth rate of outstanding fixed rate longterm
debt securities was 3.6% in May 2013, compared with 3.7% in April. The annual rate of change of outstanding variable rate long-term debt securities was -7.8% in May 2013, the same
as in April. view more If you are looking for a particuliar article and can not find it, please feel free to contact us
July 12, 2013--The FESE European Equity Market Report June 2013 is now available.
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Source: FESE
July 12, 2013--The European Central Bank (ECB) is today publishing a report on the results of the June 2013 qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD).
The survey is conducted four times a year, covering changes in credit terms and conditions over the three-month reference periods ending in February, May, August and November.
July 12, 2013--The European Securities and Markets Authority (ESMA) has launched a Discussion Paper to prepare the regulatory technical standards (RTS) which will implement provisions of the European Markets Infrastructure Regulation (EMIR) regarding the obligation to centrally clear OTC derivatives.
The consultation is aimed at assisting ESMA in developing its approach to determining which classes of OTC derivatives need to be centrally cleared and the phase-in periods for the counterparties concerned.
Source: ESMA
July 11, 2013--On July 4, 2013 the French financial regulator, the AMF, has inventoried the main risks facing financial markets in mid-2013, more than five years after the crisis began. From this perspective, it analyses market diversity and changing trends in household savings and collective investment, along with the consequences for investor protection, financial
stability and the financing of economic activity.
The economic and financial situation remains under persistent pressures, while sovereign and banking
risks are still interacting significantly, particularly in Europe. On stock exchanges, trading volumes
continued to contract during the period under review, amid high levels of risks, especially liquidity
risk.
Source: AMF ( Autorité des marchés financiers)
July 11, 2013-France's finance minister said on Thursday that a European Commission proposal for a financial transaction tax must be improved so it can be implemented in the European Union as a whole and not discourage investors.
The tax, proposed by the EU executive as a way of making banks contribute to the cost of cleaning up after the financial crisis, resurrects an idea first conceived by U.S. economist James Tobin more than 40 years ago.
Source: Reuters
July 11, 2013--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced exchange-traded product (ETP) provider BOOST ETP will launch nine new exchange-traded products (ETPs) in the United Kingdom (UK) that are based on indexes in the NASDAQ Commodity Index FamilySM.
They are the second set of BOOST ETP products linked to the NASDAQ Commodity Index Family and the total number of BOOST's ETPs on this Family increases to 25.
Source: NASDAQ OMX
July 11, 2013--The most recent issue of the European Weekly ETF Market Review is now available.
The report includes key statistics on the European ETF market as well as global ETF market highlights. For more detailed coverage please refer to the monthly report, issued in the first week following the end of each month.
Source: Deutsche Bank -Synthetic Equity & Index Strategy -Europe
July 10, 2013--Turkey's efforts to pull the lira off record lows on Monday are likely to be emulated across emerging markets as central banks fight to avert an exodus of foreign capital driven by the impending turn in US policy.
It's all a far cry from a year or so ago, when emerging market exporters were battling rising exchange rates and Brazil was accusing Western policymakers of waging currency wars by flooding the world with cheap money. Turkey is now tightening its policy as the US Federal Reserve considers reducing the flood of cheap money that has stoked the investment boom in emerging financial markets.
Source: Today's Zaman
May 10, 2013--The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in May 2013, compared with -0.3% in April. For the outstanding amount of
quoted shares issued by euro area residents, the annual growth rate was 0.5% in May 2013, compared with 0.3% in April.
New issuance of debt securities by euro area residents totalled EUR 808 billion in May 2013.
Source: ECB