Global ETF News Older than One Year
US and EU reach important agreement towards derivatives regulation harmonisation
October 13, 2017--The US and EU have taken a big step towards harmonising global derivatives trading by reaching long-sought agreements to accept the validity of each other's rules on clearing trades and collateral requirements.
Source: FT.com
DECPG Global Weekly
October 13, 2017--TAKING STOCK
U.S. consumer price inflation picked up in September; FOMC minutes showed a split among members over inflation trends
Euro Area industrial production accelerated in August
Japan's machinery orders continued to rise in August; producer prices edged up in September
China's trade surplus narrowed in September
South Africa's mining and manufacturing production picked up in August
Source: World Bank
G-7 Finance Ministers and Central Bank Governors Release Cyber Security Report
October 13, 2017--Today, the finance ministers and central bank governors of the G-7 countries released the Fundamental Elements for Effective Assessment of Cybersecurity for the Financial Sector.
Underscoring that cybersecurity remains a topic of paramount importance for the financial system, the United States Department of the Treasury and the Board of Governors of the Federal Reserve System welcomes the continued efforts by the G-7 to promote effective practices for cybersecurity and drive greater consistency across the international financial sector. These collective efforts build greater resiliency within the financial system.
Source: treasury.gov
What are OPEC nations' economic prospects for 2018?
October 12, 2017--There were high hopes that 2017 would be a turning point for oil exporting nations, as OPEC-led production cuts rebalanced the market. However, the results so far have been less than anticipated:
Oil prices below expectations-Brent crude oil has average $52/barrel so far this year, lower than the ~$58/barrel expected at the start of the year. This is due to inadequate compliance with cuts, at least until August plus revivals in production in Libya, Nigeria and US shale.
Source: Ameinfo.com
World Economic Forum Mitigating Risks in the Innovation Economy- How Emerging Technologies Are Changing the Risk Landscape
October 12, 2017--Over the last year, the World Economic Forum project Mitigating Risks in the Innovation Economy has worked
to examine how emerging technologies are causing a radical shift in the nature of risks faced by individuals, businesses
and society.
This information, gathered through research, interviews and roundtable discussions, was used to develop a shared set of recommendations among the Steering Committee and Working Group members to support society in anticipating and tackling the changes arising from the emergence of technological innovations.
Source: WEF (World Economic Forum)
Barclays chief compliance officer Roemer quits for Wells Fargo
October 12, 2017--Barclays' chief compliance officer Michael Roemer is leaving to take up the same role at U.S. bank Wells Fargo, the two banks said on Thursday.
Roemer will leave Barclays at the end of this month, the British bank said in a statement, while Wells Fargo said in a separate statement he would join the U.S. firm in January 2018.
Source: Reuters
IOSCO analyzes other CRA products used to make investment and credit-related decisions
October 11, 2017--The Board of the International Organization of Securities Commissions (IOSCO) today published a report titled Other CRA Products (OCPs), which provides market participants with a better understanding of certain non-traditional products and services offered by credit rating agencies (CRAs).
These non-traditional products may include, for example, private ratings, confidential ratings, expected ratings, indicative ratings, prospective ratings, provisional ratings, preliminary ratings, one-time ratings, regional ratings, national ratings, point-in-time ratings, scoring, credit default swap spreads, bond indexes, portfolio assessment tools, credit assessments, rating assessments, assessments, fund ratings, data feeds,research or other tools.
view the IOSCO-Other CRA Products-Final Report
Source: IOSCO
IMF-Global Financial Stability Report October 2017: Is Growth at Risk?
October 11, 2017--The October 2017 Global Financial Stability Report (GFSR) finds that the global financial system continues to strengthen in response to extraordinary policy support, regulatory enhancements, and the cyclical upturn in growth.
Global bank balance sheets are stronger because of improved capital and liquidity buffers, amid tighter regulation and heightened market scrutiny. However, some banks are still grappling with legacy issues and business model challenges, where progress has been uneven.
The environment of continuing monetary accommodation-necessary to support activity and boost inflation-may lead to a continued search for yield where there is too much money chasing too few yielding assets, pushing investors beyond their traditional habitats. As the search for yield intensifies, vulnerabilities are shifting to the nonbank sector and market risks are rising.
view the IMF-IMF-Global Financial Stability Report October 2017: Is Growth at Risk?
Source: IMF
Preqin-Women Represent 19% of Alternative Assets Employees
October 11, 2017--Average proportion of women among senior staff is 11% across the industry
Preqin's latest overview of women in alternative assets finds that just under one in five employees at fund management firms are female*. This rate varies widely by role, and consistently declines according to seniority. The highest proportion of women is seen among junior employees, where they constitute 29% of the workforce.
However, in each asset class the representation of women falls according to seniority, and overall senior alternative assets staff consist of 11% women. In the same way, women are best represented in investor relations/marketing teams, as high as 53% at venture capital firms. The rate of women in investment teams is much smaller, as low as 10% at hedge funds. The board of directors for an average alternative assets fund, meanwhile, only comprises 5% female members.
view the PREQIN SPECIAL REPORT:-WOMEN IN ALTERNATIVE ASSETS OCTOBER 2017
Source: Preqin
BlackRock assets on cusp of hitting record $6tn
October 11, 2017--Nearly $1.5bn a day is flowing into mainly passive funds run by giant asset manager.
Source: FT.com
