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EU and Swiss regulators to co-operate on cross-border supervision of alternative investment funds
December 3, 2012--The European Securities and Markets Authority (ESMA) has approved the co-operation arrangements between the Swiss Financial Market Supervisory Authority FINMA and the EU securities regulators for the supervision of alternative investment funds, including hedge funds, private equity and real estate funds.
ESMA has negotiated the agreement with FINMA on behalf of all 27 EU national competent authorities for securities markets regulation.
The co-operation arrangements include the exchange of information, cross-border on-site visits and mutual assistance in the enforcement of the respective supervisory laws.
read more Moody's cuts AAA rating of ESM rescue fund
For that reason, Moody's also lowered the ESM's rating to Aa1. It cut the ESM's predecessor, the European Financial Stability Facility, to a "provisional" Aa1 from provisional Aaa, for the same reason. view more
NYSE Euronext announces new ETFs on European markets Prague Stock Exchange uses Deutsche Boerse Xetra system
Xetra trading participants can now use the Xetra infrastructure to gain easy access to the Prague financial market. Moreover, 15 new market participants in Prague now have access to a large pan-European trader network. read more
EU bank supervision system must be strong, accountable and inclusive The committee kept to its pledge to vote its position on EU banking supervision rules on time. The vote gives its negotiating team a strong mandate to hammer out a deal with the Council, which is expected to adopt its negotiating position at the 4 December ECOFIN meeting.
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An initial launch of 20 products is planned in London within weeks.
Source: FT.com
December 1, 2012--Moody's cut the triple-A rating of the European Stability Mechanism rescue fund on Friday by one notch and gave it a negative outlook, citing its earlier downgrade of key ESM backer France.
Moody's said the French downgrade on November 19, a one-step cut also from Aaa, reflects its view that there has been "a marginal diminution" in the likelihood that Paris will keep to its financial obligations, including its commitment to support the ESM.
Source: EUbusiness
November 30, 2012--NYSE Euronext is pleased to announce that Lyxor Asset Management has listed two new ETFs on NYSE Euronext Amsterdam on November 30, 2012:
Listing Date:30/11/2012
Trading Name:Lyxor ETF VIX USD
ISIN:LU0832435621
Symbol:LVX
Benchmark index:S&P 500 VIX Futures Enhanced Roll
TER: 0.60
Listing Date: 30/11/2012
Trading Name: Lyxor ETF VIX EUR USD
ISIN: LU0832435464
Symbol:LVO
Benchmark index: S&P 500 VIX Futures Enhanced Roll
TER: 0.60
Source: NYSE Euronext
November 30, 2012--The Prague Stock Exchange migrated its electronic securities trading to Deutsche Börse's Xetra trading system on 30 November.
The Prague Stock Exchange is being linked to the Xetra network through the Vienna Stock Exchange, which has operated its own cash market with Xetra since 1999. The Vienna Stock Exchange is part of the CEE Stock Exchange Group (CEESEG) together with the exchanges in Budapest, Ljubljana and Prague.
Source: Deutsche Börse
November 29, 2012--Banking supervision powers transferred to the EU level must be matched by measures that subject them to democratic scrutiny, said Economic and Monetary Affairs Committee MEPs on Thursday.
They voted on plans to confer banking supervision powers on the ECB and ways to better integrate non-Eurozone countries into the new banking supervision system.
Source: European commission
