BIS Quarterly Review, September 2015 EME vulnerabilities take centre stage
September 13, 2015--Investors increasingly focused on growing vulnerabilities in emerging market economies (EMEs), particularly China, as they reassessed the global growth outlook.
In China, equity markets plunged following a prolonged surge in stock prices that had propelled many stock valuations to extreme levels. This dented investor confidence and weighed on...
Source: BIS
World Bank-New Principles to Move on a Low Carbon Path, amid Growing Momentum for Carbon Pricing
September 20, 2015--Drawing on experiences with carbon pricing initiatives around the world, new research lays out principles for governments and businesses to develop successful and cost-effective schemes to put a price on social costs of greenhouse gas emissions.
The research by the World Bank Group, the Organisation for Economic Co-operation (OECD), with input from the International Monetary Fund, says that well designed carbon pricing schemes are a powerful and flexible tool that can cut emissions causing climate change.
view the World Bank report-State and trends of carbon pricing 2015
Source: World Bank
WEF-Mining & Metals in a Sustainable World 2050
September 11, 2015--Few industrial sectors are more fundamental to global social and economic development than mining and metals.
Important in themselves, representing more than $2 trillion in revenue, they also connect to the value chains of most other economic and industrial activities. They will face major challenges in the years to come. The future of our planet and of its finite, non-replaceable resources will be top of all serious agendas between now and 2050.
Source: WEF (World Economic Forum)
World Bank-Doing Business 2015: Going Beyond Efficiency
September 10, 2015--Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication, is the 12th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.
Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies-from Afghanistan to Zimbabwe-and over time.
Source: World Bank
WEF-Deep Shift: Technology Tipping Points and Societal Impact
September 9, 2015--Digital connectivity enabled by the software technologies is changing the society fundamentally.
The scale of the impact and the speed of the changes taking place have made the shift so different from any other industrial revolutions in human history.
Source: WEF(World Economic Forum)
IOSCO publishes review of Implementation of Incentive Alignment Recommendations for Securitisation
September 3, 2015--The Board of the International Organization of Securities Commissions (IOSCO) today published its final report on the Peer Review of Implementation of Incentive Alignment Recommendations for Securitisation, which describes the implementation progress made by 25 jurisdictions in adopting legislation, regulation and other policies in relation to incentive alignment in securitization.
This report responds to a request from the G20 Leaders in September 2013 for IOSCO to conduct a peer review on the implementation of incentive alignment regimes, including risk retention requirements. IOSCO published the Incentive Alignment Recommendations in November 2012, as part of its final report on Global Developments in Securitisation Regulations.
Source: IOSCO
EDHEC venture finds high volatility suits smart beta
September 3, 2015--The EDHEC-Risk Institute venture, ERI Scientific Beta, reports that smart beta performance has benefited from high volatility conditions.
The Scientific Beta Multi-Beta Multi-Strategy (MBMS) indices are outperforming cap-weighted indices, with year-to-date outperformance of 3.06 per cent the group reports, having taken the opportunity to review the performance of their Scientific Beta indices after the particularly volatile month of August on the markets.
Source: edhec-risk.com
Harmonisation of key OTC derivatives data elements (other than UTI and UPI) –-first batch, consultative report issued by CPMI-IOSCO
September 2, 2015--Harmonisation of the Unique Transaction Identifier (UTI), consultative report issued by CPMI-IOSCO The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report entitled Harmonisation of the Unique Transaction Identifier (UTI).
G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivatives contracts should be reported to trade repositories (TRs) as part of their commitment to reform OTC derivatives markets in order to improve transparency, mitigate systemic risk and protect against market abuse. Aggregation of the data reported across TRs is necessary to help ensure that authorities are able to obtain a comprehensive view of the OTC derivatives market and activity.
Source: IOSCO
IOSCO publishes Final Report on the Peer Review of Regulation of Money Market Funds
September 2, 2015--The Board of the International Organization of Securities Commissions (IOSCO) today published the final report on the Peer Review of Regulation of Money Market Funds, which describes the implementation progress made by 31 jurisdictions in adopting legislation, regulation and other policies in relation to money market funds (MMFs).
This report responds to a request from the G20 Leaders in September 2013 for IOSCO to conduct a peer review on progress regarding MMF regulatory reforms. The Review covers the implementation progress for the eight reform areas covered in IOSCO´s 2012 report on Policy Recommendations for Money Market Funds.
view the Peer Review of Regulation of Money Market Funds: Final Report
Source: IOSCO
Eurex Trading statistics August 2015
Eurex Exchange: ADV 5.8 million contracts/ISE: ADV 3.0 million contracts
September 1, 2015--In August 2015, the international derivatives markets of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 8.8 million contracts (August 2014: 7.0 million). Of those, 5.8 million were Eurex Exchange contracts (August 2014: 4.8 million), and 3.0 million contracts (August 2014: 2.2 million) were traded at the New York based International Securities Exchange (ISE).
The volume traded on the spot and derivatives power markets of the European Energy Exchange (EEX) amounted to 201.6 terawatt hours (TWh) in August 2015 (August 2014: 129.7 TWh). Eurex Repo recorded in all markets in August 2015 an average outstanding volume of 149.3 billion euros.
Source: Eurex