IMF Survey-Policymakers Face Triad of Challenges to Ensure Financial Stability
October 7, 2015--Financial stability not assured, 3 percent of global output at stake
Risks in emerging markets remain elevated, with global implications
Goal is successful normalization of monetary and financial conditions
While financial stability has improved in advanced economies, risks remain elevated and continue to rotate toward emerging markets, which now play a greater role in the world economy, according to the International Monetary Fund's latest Global Financial Stability Report.
Source: IMF
IOSCO continues to reinforce its position as key global reference point for markets regulation
October 7, 2015--The Board of the International Organization of Securities Commissions (IOSCO) met in Toronto this week to reinforce IOSCO's position as the key global reference point for financial services and markets regulation.
The Board discussion during the two-day meeting focused on three sets of activities in key priority areas as identified in the IOSCO 2020 Strategic Direction: Identifying and responding through guidance to global market risks; providing assistance to IOSCO members and supporting the G20 efforts to promote stability in the global financial system.
Source: IOSCO
Chinese Yuan Emerges As World's Fourth Most-Used Payments Currency
October 7, 2015--China's yuan has emerged to become the fourth most-used currency in the world for cross-border payments in August, according to a report published by global transaction services organization SWIFT (The Society for Worldwide Interbank Financial Telecommunication).
For the first time ever, the yuan has moved ahead of the Japanese yen, and rose to its highest ranking ever, despite devaluations from its Central Bank.
Source: emergingequity.org
World Undergoing Major Population Shift with Far-reaching Implications for Migration, Poverty, Development: WB/IMF Report
October 7, 2015--As migrants and refugees from Africa and the Middle East continue to arrive in Europe in unprecedented numbers, a new World Bank/IMF report says that large-scale migration from poor countries to richer regions of the world will be a permanent feature of the global economy for decades to come as a result of major population shifts in countries.
According to the Global Monitoring Report 2015/2016: Development Goals in an Era of Demographic Change, released in Peru at the start of the Annual Meetings of the World Bank and the IMF, the world is undergoing a major population shift that will reshape economic development for decades and, while posing challenges, offers a path to ending extreme poverty and shared prosperity if the right evidence-based policies are put in place nationally and internationally.
view moreP>view the Global Monitoring Report-Development Goals in an Era of Demographic Change
Source: World Bank
Unscheduled free float adjustment in SDAX
Changes to be effective as of 9 October
October 6, 2015--Deutsche Börse AG has announced an unscheduled adjustment to the free float of DO Deutsche Office AG in SDAX.
Due to the acquisition of alstria office REIT-AG, the free float of DO Deutsche Office changed by more than 10 percentage points.
According to the rules in the Guide to the Equity Indices of Deutsche Börse AG, the company's free float will be adjusted in the index from the current 39.46 percent to 29.00 percent. The changes will become effective on Friday, 9 October 2015.
Source: Deutsche Börse
Uncertainty, Complex Forces Weigh on Global Growth
October 6, 2015--Global growth moderate and uneven, forecast at 3.1 percent this year, 3.6 percent in 2016
Disparate fortunes between the advanced and emerging market and developing economies
Lower commodity prices weigh on commodity exporters
The IMF'ss latest World Economic Outlook (WEO) foresees lower global growth compared to last year, with modest pickup in advanced economies and a slowing in emerging markets, primarily reflecting weakness in some large emerging economies and oil-exporting countries.
view the World Economic Outlook (WEO)-Adjusting to Lower Commodity Prices
Source: IMF
WGC-Investment statistics-Currencies
October 2, 2015--The World Gold Council-Investment statistics-Currencies is now available.
Source: WGC(World Gold Council)
Company share listings set to accelerate
October 2, 2015--Volatile stock markets have not deterred German companies from listing their shares this week
while a hefty pipeline of deals is building in the US
Source: FT.com
Here's how much money was wiped off global stock markets last quarter
October 1, 2015--It was the worst quarter since 2011.
Global equity markets suffered a bruising third quarter, shedding $11 trillion worth of global shares over three months, according to Bloomberg.
It was the market's worst quarter since 2011. The prolonged slump was due to low prices for commodities such as oil, instability in China's markets, and the anticipation that the U.S. Federal Reserve will soon raise interest rates.
Source: Fortune
Report on the regulatory consistency of risk-weighted assets for counterparty credit risk issued by the Basel Committee
October 1, 2015--The Basel Committee on Banking Supervision has today published a report on the regulatory consistency of risk-weighted assets (RWAs) for counterparty credit risk.
This study is a part of its wider Regulatory Consistency Assessment Programme (RCAP), which is intended to ensure consistent implementation of the Basel III framework.
The report presents the findings from a hypothetical test portfolio exercise to examine variability in banks' modelling of derivatives, and specifically in exposure modelling.
Source: BIS