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Ending Reliance On LIBOR: Overview Of Progress Made On Transition To Overnight Risk-Free Rates And What Remains To Be Done - Speech By Megan Butler, Executive Director Of Supervision – Investment, Wholesale And Specialists At The FCA, Delivered At The Investment Association, London

Date 21/02/2019

Highlights:

• Firms need to end their reliance on the London Inter-bank Offered Rate (LIBOR) by end-2021.
• We have seen 15 sterling bond issues that have referenced compounded The Sterling Overnight Index Average-based (SONIA), with a total value of about £8.7bn, so far in 2019.
• We are seeing evidence of progress, but there is work that remains to be done.

ETFGI Reports Assets Invested In Actively Managed ETFs And ETPs Listed Globally Rises To US$112 Billion, Highest On Record

Date 21/02/2019

ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that actively managed ETFs and ETPs gathered net inflows of US$1.48 billion in January. Assets invested in actively managed ETFs/ETPs finished the month up 4.60%, from US$106.90 billion at the end of December, to US$111.83 billion, according to ETFGI's January 2019 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Joint Statement By The Estonian And Swedish Financial Supervisory Authorities

Date 21/02/2019

Eesti Finantsinspektioon (the Estonian FSA) and Finansinspektionen (the Swedish FSA) consider the reports regarding suspected money laundering that yesterday were made public yesterday on Swedish television (SVT) to be very serious. It is extremely important that the banks’ senior management and boards of directors view these matters seriously and take all necessary actions to ensure compliance with laws and regulations.

The European Association Of CCP Clearing Houses (EACH) Welcomes Political Agreement EMIR REFIT But Highlights Risks Of Circumvention Of Clearing Obligation

Date 21/02/2019

EACH welcomes the political agreement reached by the European Parliament and EU Member States on the targeted reform of the European Market Infrastructure Regulation (EMIR REFIT). Despite the pushes by some industry participants for regulatory rollback, we believe the agreed texts preserves the core elements of a Regulation which has been key in implementing the G20 reforms into EU law, therefore improving the risk-management of OTC derivatives markets and financial stability as a whole.

Finansinspektionen’s Comments On Uppdrag Granskning’s Disclosures Regarding Suspected Money Laundering

Date 21/02/2019

FI considers the disclosures regarding suspected money laundering presented by SVT’s program Uppdrag Granskning to be very serious. FI’s Director General Erik Thedéen has made the assessment in several interviews in conjunction with the events in Danske Bank that the possibility of Swedish banks being involved in money laundering cannot be ruled out entirely, but that the scope is most likely more narrow than what has been identified in Danske Bank.

Graystone Asset Management Partners With Trading Technologies To Utilize TT’s New Infrastructure-As-A-Service (IaaS) Solution For Low-Latency Connectivity To Global Exchanges

Date 21/02/2019

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, today announced that Graystone Asset Management Ltd, an investment management and advisory firm, has contracted with Trading Technologies to secure ultra-low-latency connectivity to leading exchanges through TT’s new Infrastructure-as-a-Service (IaaS) solution. With this offering, Graystone Asset Management will leverage TT’s existing colocation facilities and deterministic fiber network to participate in international derivatives and cryptocurrency markets.

TSX Venture Exchange Announces The 2019 TSX Venture 50 - Market Open Ceremony To Be Held On February 22 To Celebrate TSXV's Top Performing Companies

Date 21/02/2019

TSX Venture Exchange (TSXV) is pleased to announce the 2019 TSX Venture 50 - an annual showcase of top performing companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. Representatives of the TSX Venture 50 companies will join TMX Group executives at a market open ceremony on Friday, February 22, at 9:30 a.m. EST to celebrate their achievement.

The Creative Economy - Speech By Andy Haldane, Chief Economist Bank Of England, Given At The Inaugural Glasgow School Of Art Creative Engagement Lecture, The Glasgow School Of Art On 22 November 2018

Date 21/02/2019

The Bank of England Chief Economist Andy Haldane asks if robots will take all our jobs. Not, he says, if we turn our ‘knowledge economy’ into a ‘creative economy’ and rework our education system from ‘universities’ into ‘multiversities’. 

The Role Of CCPs In Evolving Market Structures (Part I) - Useful And Unique In The Global Market Structure. By Erik Müller, CEO Of Eurex Clearing

Date 21/02/2019

The financial crisis revealed that the concentration and interconnectedness of banks could prove problematic if these leveraged businesses add outsized incremental leverage. It is particularly difficult to manage where such risk transfer or acquisition occurs outside organized and regulated markets or financial market infrastructures. While even some of the larger players needed support from investors, governments or taxpayers, the same was not true for market infrastructure providers.

BME Admits To Trading BBVA's New Green Bonds

Date 21/02/2019

BME’s Fixed Income Market has admitted to trading a new structured green bond issue by BBVA for an amount of 35 million euros. It is a private placement made under the "Structured Medium Term Note Programme", a 2 billion-euro structured bonds Issuance Programme currently managed by BBVA Global Markets.