News Articles http://www.mondovisione.com/media-and-resources/news/ News Articles from Mondo Visione - Main Lennar Mortgage Moves Servicing Operations To ICE Mortgage Technology For Seamless Systems Integration - The MSP® Loan Servicing System Will Help Lennar Enhance Customer Service, Support Regulatory Compliance And Mitigate Risk, While Introducing Efficiencies And Streamlining Servicing Transfers http://www.mondovisione.com/media-and-resources/news/lennar-mortgage-moves-servicing-operations-to-ice-mortgage-technology-for-seamle/ <p><a href="https://www.ice.com/index" rel="nofollow" shape="rect"><span>Intercontinental Exchange</span>,&nbsp;<span>Inc</span>.</a>&nbsp;(NYSE: ICE), a leading global provider of technology and data, today announced that&nbsp;<a href="https://www.lennarmortgage.com/home" rel="nofollow" shape="rect"><span>Lennar Mortgage</span>&nbsp;</a>will move its servicing operations onto the industry-leading ICE&nbsp;<a href="https://www.icemortgagetechnology.com/products/msp-mortgage-servicing-system" rel="nofollow" shape="rect"><span>MSP<sup>&reg;</sup>&nbsp;loan servicing system</span>&nbsp;</a>. Already a longtime user of ICE&rsquo;s&nbsp;<a href="https://www.icemortgagetechnology.com/products/encompass" rel="nofollow" shape="rect">Encompass<sup>&reg;</sup>&nbsp;</a>digital lending platform, Lennar will see greater efficiencies and compliance support from the seamless integration of the systems via the ICE end-to-end technology ecosystem.</p> <p>&ldquo;Lennar values the relationship we&rsquo;ve developed and strengthened with ICE over the years,&rdquo; said Laura Escobar, President of Lennar Mortgage. &ldquo;We also see the clear benefit in leveraging the deep integrations between Encompass and MSP. Our loans are serviced in-house for a brief time, which means risk management, regulatory compliance, and customer-facing capabilities need to perform from minute one. It also means we need to be able to move loans quickly and seamlessly from origination into servicing, and then on to their final destination just as easily. ICE&rsquo;s mission to digitize and streamline all aspects of the housing finance lifecycle aligns perfectly with our goal to create the world&rsquo;s simplest path to homeownership.&rdquo;</p> <p>An interim servicer, Lennar selected MSP for its strong focus on regulatory compliance and risk management, and for MSP&rsquo;s ease and digitization of servicing transfers. By using MSP in conjunction with Encompass, Lennar will reap the benefits of a seamless, digital mortgage ecosystem; helping to lower costs, save time and engage customers across its lending and servicing channels. Lennar will also use multiple data and analytics solutions powered by ICE&rsquo;s rich mortgage dataset to further help mitigate risk and gain critical insights to support data-driven decision making.</p> <p>In addition to Encompass and MSP, Lennar will incorporate ICE&rsquo;s consumer-facing&nbsp;<a href="https://www.icemortgagetechnology.com/products/servicing-digital" rel="nofollow" shape="rect">Servicing Digital<sup>℠</sup>&nbsp;</a>, which provides borrowers with self-service capabilities and information about their loan, property and neighborhood. It also serves as a channel for mortgage holders to seek assistance in times of distress.</p> <p>With&nbsp;<a href="https://www.icemortgagetechnology.com/products/lien-alert" rel="nofollow" shape="rect">Lien Alert<sup>℠</sup>&nbsp;</a>, an efficient, cost-effective portfolio monitoring solution, Lennar will receive early notifications of critical property-related events, helping the company respond quickly to competitive pressures and proactively manage risk.&nbsp;<a href="https://www.icemortgagetechnology.com/products/mcdash" rel="nofollow" shape="rect">McDash<sup>&reg;</sup>&nbsp;</a>, ICE&rsquo;s loan-level dataset &ndash; the deepest and broadest such repository in the industry &ndash; will give Lennar an unparalleled view of mortgage performance across the U.S. for benchmarking and strategic planning. Plus, with the&nbsp;<a href="https://www.icemortgagetechnology.com/products/actionable-intelligence-platform" rel="nofollow" shape="rect">Actionable Intelligence Platform<sup>℠</sup>&nbsp;</a>(AIP<sup>℠</sup>), Lennar will be able to proactively monitor and manage their operations, using data to support organizational-level decision making.</p> <p>&ldquo;ICE is digitizing and improving every aspect of housing finance for our clients, including both long-term servicers and interim servicers like Lennar,&rdquo; said Tim Bowler, President of ICE Mortgage Technology. &ldquo;By choosing MSP to work in concert with Encompass, Lennar is unifying the typically disparate halves of the mortgage equation, and will be well positioned to originate new loans, service them, and transfer them efficiently, while supporting changing regulations and safeguarding their customers&rsquo; personal data.&rdquo;</p> http://www.mondovisione.com/media-and-resources/news/lennar-mortgage-moves-servicing-operations-to-ice-mortgage-technology-for-seamle/#207020 Mon, 18 Mar 2024 22:06:58 GMT CFTC Commissioner Mersinger To Deliver A Speech And To Participate On A Panel At WFECLEAR: The World Federation Of Exchange’s Clearing And Derivatives Conference 2024 http://www.mondovisione.com/media-and-resources/news/cftc-commissioner-mersinger-to-deliver-a-speech-and-to-participate-on-a-panel-at/ <table border="1" cellpadding="1" cellspacing="1" summary="Commissioner Mersinger to Deliver a Speech and to Participate on a Panel at WFECLEAR: The World Federation of Exchange&rsquo;s Clearing and Derivatives Conference 2024; March 19, 2024"> <tbody> <tr> <td><strong>WHAT:</strong></td> <td><strong>Commissioner Summer K. Mersinger will deliver a speech and will participate on&nbsp;<em>The Legal and Capital Market Frameworks</em>&nbsp;panel.</strong></td> </tr> <tr> <td><strong>WHEN:</strong></td> <td> <p>Tuesday, March 19, 2024</p> <p><strong>Speech:</strong></p> <p>1:15 p.m. &ndash; 1:30 p.m. (GMT+1)</p> <p>8:15 a.m. &ndash; 8:30 a.m. (EDT)</p> <p><strong>Panel Discussion:</strong></p> <p>1:30 p.m. &ndash; 2:30 p.m. (GMT+1)</p> <p>8:30 a.m. &ndash; 9:30 a.m. (EDT)</p> </td> </tr> <tr> <td><strong>WHERE:</strong></td> <td> <p>Bolsa de Madrid</p> <p>Plaza de la Lealtad, 1</p> <p>Palacio de la Bolsa</p> <p>28014 Madrid</p> <p>More Information here:&nbsp;<a href="https://www.cftc.gov/Exit/index.htm?https://wfeclear2024.wfecm.com/programme" target="_blank">Programme - WFEClear: The WFE&rsquo;s Clearing and Derivatives Conference 2024</a></p> </td> </tr> </tbody> </table> http://www.mondovisione.com/media-and-resources/news/cftc-commissioner-mersinger-to-deliver-a-speech-and-to-participate-on-a-panel-at/#207022 Mon, 18 Mar 2024 22:13:23 GMT FINRA Fines M1 Finance $850,000 for Violations Regarding Use Of Social Media Influencer Program - First Social Media Influencer-Related FINRA Enforcement Disciplinary Action http://www.mondovisione.com/media-and-resources/news/finra-fines-m1-finance-850000-for-violations-regarding-use-of-social-media-inf-1/ <p>FINRA announced today that it has fined&nbsp;<a href="https://www.finra.org/sites/default/files/2024-03/m1_awc_no_20210725811.pdf">M1 Finance LLC</a>&nbsp;$850,000 for social media posts made by influencers on the firm&rsquo;s behalf that were not fair or balanced, or contained exaggerated, unwarranted, promissory or misleading claims. This case arises from FINRA&rsquo;s&nbsp;<a href="https://www.finra.org/rules-guidance/guidance/targeted-examination-letters/sweep-update-feb2023">targeted exam</a>&nbsp;of firm practices related to the acquisition of customers through social media channels and represents the first formal FINRA Enforcement disciplinary action involving a firm&rsquo;s supervision of social media influencers.</p> <p>&ldquo;As investors increasingly use social media to inform their financial decisions, FINRA&rsquo;s rules on communicating with the public are especially critical. FINRA will continue to consider whether firms are using practices and maintaining supervisory systems that are reasonably designed to address the risks related to social media influencer programs,&rdquo; said&nbsp;<a href="https://www.finra.org/about/bill-st-louis">Bill St. Louis, Executive Vice President and Head of Enforcement, FINRA</a>.</p> <p>Between January 2020 and April 2023, M1 Finance paid social media influencers to post content promoting the firm, and instructed the influencers to include a unique hyperlink to the firm&rsquo;s website that potential new customers could use to open and fund an M1 Finance brokerage account. M1 Finance also provided its influencers with graphics and a &ldquo;Welcome Guide&rdquo; that described specific services and features available through M1 Finance that influencers could highlight to make their social media posts more effective.</p> <p>The firm paid influencers who participated in its program a flat fee for every new account that was opened and funded by the customer using a unique link provided by M1 Finance. The firm did not limit compensation influencers could earn. During this period, more than 39,400 new accounts were opened and funded with the help of approximately 1,700 influencers working on the firm&rsquo;s behalf.</p> <p>M1 Finance influencers made social media posts promoting the firm that were not fair and balanced, in violation of FINRA Rules&nbsp;<a href="https://www.finra.org/rules-guidance/rulebooks/finra-rules/2210">2210</a>&nbsp;(Communications with the Public) and&nbsp;<a href="https://www.finra.org/rules-guidance/rulebooks/finra-rules/2010">2010</a>&nbsp;(Standards of Commercial Honor and Principles of Trade). For example, an influencer advertising M1 Finance&rsquo;s margin lending program stated that customers could &ldquo;pay [margin loans] back at any given time . . . &nbsp;there is no set time period.&rdquo; But in fact, investors who use margin are not entitled to any extension of time to meet the firm&rsquo;s margin requirements, and the firm can, without contacting such investors, increase the maintenance margin requirement on their accounts at any time, force a sale of securities in their accounts, and choose which securities to sell, if a margin call occurs.</p> <p>M1 Finance did not review or approve the content in its influencers&rsquo; posts prior to use or retain those communications, as required by FINRA rules. M1 Finance also failed to have a reasonable system, including written procedures, for supervising the communications that the firm&rsquo;s influencers made on its behalf. These were in violation of FINRA Rules 2210, 2010,&nbsp;<a href="https://www.finra.org/rules-guidance/rulebooks/finra-rules/3110">3110</a>&nbsp;(Supervision) and&nbsp;<a href="https://www.finra.org/rules-guidance/rulebooks/finra-rules/4511">4511</a>&nbsp;(General Requirements-Books and Records), as well as the Securities Exchange Act of 1934 and the Exchange Act Rules.</p> <p>In settling this matter, M1 Finance consented to the entry of FINRA&rsquo;s findings without admitting or denying the charges. The firm also agreed to certify that it has remediated the issues identified by FINRA in a letter of acceptance, waiver and consent and implemented a supervisory system, including written supervisory procedures, that is reasonably designed to achieve compliance with Rule 2210.</p> <p>FINRA publishes disciplinary complaints, decisions and other information on its&nbsp;<a href="https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions-online">Disciplinary Actions Online</a>&nbsp;database and publishes on its&nbsp;<a href="https://www.finra.org/rules-guidance/oversight-enforcement/disciplinary-actions">Monthly Disciplinary Actions</a>&nbsp;page a summary of disciplinary actions against firms and individuals for violations of FINRA rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board.</p> http://www.mondovisione.com/media-and-resources/news/finra-fines-m1-finance-850000-for-violations-regarding-use-of-social-media-inf-1/#207015 Mon, 18 Mar 2024 17:56:45 GMT Intercontinental Exchange Adds To Property Valuation Toolkit For Housing Finance, Providing Homeowners And Buyers, Lenders And Investors With A Comprehensive Approach To Today’s Valuation Challenges http://www.mondovisione.com/media-and-resources/news/intercontinental-exchange-adds-to-property-valuation-toolkit-for-housing-finance/ <ul> <li><i>Enterprise suite of valuation solutions applies automated technology, data and analytics to help tackle high origination costs, valuation complexity and regulatory changes</i></li> </ul> <p>&nbsp;</p> <p>Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced the addition of two new solutions to its growing suite of intelligent valuation tools for the real estate markets and housing finance industries. The newest solutions, Validate ROV<sup>SM</sup>&nbsp;and Valuation Selector<sup>SM&nbsp;</sup>each address particular challenges inherent in the need for swift, accurate, objective and compliant property valuations.</p> <p>&ldquo;Transparent and accurate property valuations are essential to housing finance,&rdquo; said Tim Bowler, President of ICE Mortgage Technology. &ldquo;ICE is proud of the work we&rsquo;ve been doing on this front, leveraging our technology and data to build a set of smart solutions that help homeowners, lenders and investors have confidence in the values underlying the mortgage process.&rdquo;</p> <p>Validate ROV offers confidence to homeowners and buyers seeking reconsideration of an appraised home value, as outlined under the proposed federal Property Appraisal and Valuation Equity (PAVE) initiative.</p> <p>After accessing a link provided by the lender, homeowners will use their mobile device to follow a series of prompts to take photos of the property, giving examples that show why they believe the appraisal may be in error. Validate ROV uses geofencing and time stamps to confirm that photographs are contemporaneous and accurately reflect current property condition. Through intelligent automation, Validate ROV helps reduce manual steps and paperwork for lenders, while ensuring the homeowner or a potential homebuyer is able to easily provide objective evidence as to why they are seeking reconsideration.</p> <p>Valuation Selector offers confidence to lenders and investors, helping them to instantly identify the complexity of a particular property&rsquo;s valuation, and recommending the most suitable method for determining value. Pulling from public records, assessor and listing information, Valuation Selector applies advanced logic and analytics to recommend the most appropriate and cost-effective of the following valuation types: automated valuation model (AVM), AVM with inspection, desktop exterior, desktop interior or full appraisal.</p> <p>By helping lenders and investors identify the fastest and most cost-effective valuation method upfront, Valuation Selector can reduce the time and cost of home finance, adding efficiency and simplicity to an often fragmented and ad hoc process.</p> <p>Validate ROV and Valuation Selector add to the growing suite of ICE property valuation solutions, which includes industry-leading AVMs, intelligent data collection tools that support GSE valuation requirements, and Risk Profiler, which combines analytics, local market data, neighborhood demographic trends, comparable property sales and key collateral metrics to help reduce risk exposure on potentially problematic valuations.</p> <p>&ldquo;The mortgage industry faces numerous challenges related to the valuation process today,&rdquo; said Bowler. &ldquo;Regulators are paying close attention to valuations for many valid reasons. As part of our overall mission to digitize the housing continuum, ICE is marrying technological innovation with our vast data assets to bring transparency and accuracy to a complex, often confusing market.&rdquo;</p> <p>For more information about ICE&rsquo;s mortgage technology solutions, visit:&nbsp;<a href="https://www.icemortgagetechnology.com/" rel="nofollow" shape="rect">https://www.icemortgagetechnology.com/</a></p> http://www.mondovisione.com/media-and-resources/news/intercontinental-exchange-adds-to-property-valuation-toolkit-for-housing-finance/#207013 Mon, 18 Mar 2024 16:22:54 GMT BME Scaleup Welcomes SOLVENTO GROUP 2022 SOCIMI http://www.mondovisione.com/media-and-resources/news/bme-scaleup-welcomes-solvento-group-2022-socimi/ <ul> <li><span><i>It is the second company to join this market oriented to scaleups, SOCIMIs and all types of companies seeking a first contact with the markets</i></span></li> </ul> <p>&nbsp;</p> <p>BME Scaleup today welcomed&nbsp;<span>SOLVENTO GROUP 2022 SOCIMI</span>. The traditional ringing of the bell held at the Madrid Stock Exchange was led by&nbsp;<span>Crist&oacute;bal Parra Jim&eacute;nez</span>&nbsp;and&nbsp;<span>Mari&aacute;ngeles Parra Jim&eacute;nez</span>, who was accompanied by Jes&uacute;s Gonz&aacute;lez, managing director of BME Scaleup.</p> <p>The company, which is the second to join this new BME market, took as a reference for the start of the trading of the shares a price of &euro;13 per share, taking into account the valuation report made by an independent expert, which implies a total valuation of the company of &euro;64.5 million.</p> <p>Jes&uacute;s Gonz&aacute;lez explained that "with the incorporation of SOLVENTO GROUP 2022 SOCIMI, to which we wish the best in this new journey, BME Scaleup continues to grow. This new marketplace aimed at scaleups, SOCIMIs and family businesses seeking a first contact with the financial markets is more flexible for these companies and is tailored to their needs, while offering the necessary transparency to investors. We are confident that we will be welcoming new companies again soon&rdquo;.</p> <p>The company, whose registered advisor is&nbsp;<span>ARMABEX Registered Advisors</span>, part of the ARMANEXT Group, has started trading under the code "<span>SCSOL</span>" .</p> <p>Photos of SOLVENTO GROUP 2022's Ringing of the Bell are available<a href="https://www.flickr.com/photos/archivobme/albums/72177720315524203">&nbsp;on Flickr.</a></p> <p>This new BME marketplace, which is a new rung on the financing ladder, is aimed especially at scaleups, companies with a proven business model, in an accelerated growth phase for at least three years, with a minimum turnover of one million euros and/or an investment of at least that amount. This market, which offers the necessary transparency to investors and simplifies the incorporation requirements for companies, is also open to other types of companies such as SMEs, SOCIMIs or family businesses seeking a first contact with the capital markets.</p> <p>Among the advantages of BME Scaleup for companies are its ability to boost growth with funds for financing, obtain greater prestige and brand visibility, the possibility of expanding its investor base, the boost to inorganic growth and greater ease of attracting and retaining talent.</p> <p>To be listed on this market, a company must be a public limited company, have a board of directors, be accompanied by an advisor registered in the market and publish audited annual accounts. It is not necessary to have a liquidity provider or to comply with a minimum free float.</p> <p>BME Scaleup already has 12 registered advisors.</p> <p>You can find more information about BME Scaleup on&nbsp;<a href="https://www.bolsasymercados.es/MTF_Equity/bme-scaleup/ing/Home.aspx">its website.</a></p> http://www.mondovisione.com/media-and-resources/news/bme-scaleup-welcomes-solvento-group-2022-socimi/#207012 Mon, 18 Mar 2024 16:17:46 GMT Kick-Off Of Euronext STAR Conference 2024 http://www.mondovisione.com/media-and-resources/news/kick-off-of-euronext-star-conference-2024/ <ul> <li> <h5>From 19 to 21 March, Euronext will host its annual STAR Conference in Milan</h5> </li> <li> <h5>59 companies listed on the Borsa Italiana&rsquo;s STAR segment will meet the over 265 investors representing nearly 170 investment firms</h5> </li> <li> <h5>More than 2700 meetings organised</h5> </li> </ul> <p class="BodyText1">&nbsp;</p> <p class="BodyText1">The 23<span>rd</span>&nbsp;edition of the Euronext's STAR Conference in Milan will kick off tomorrow until 21 March 2024 at Palazzo Mezzanotte, headquarters of Borsa Italiana.</p> <p class="BodyText1">The conference offers the unique opportunity to companies listed on the STAR segment of Borsa Italiana, excellences of the entrepreneurial community of our country, to meet with local and international investors.</p> <p class="BodyText1">More than 2,700 meetings have been organised for the 59 STAR companies attending, with 266 investors representing 166 investment firms, of which 44% foreign investors, from 15 countries (including France 10%, Germany 9%, UK 8%, Switzerland 7%, Nordics 3%, Spain 2% and the USA 2%), and with 90 analysts and brokers representatives supporting the conference.</p> <p class="BodyText1">Borsa Italiana&rsquo;s STAR segment and the Euronext STAR Conference demonstrate Euronext's commitment to support small and medium-sized enterprises (SMEs) at every stage of their growth path, ensuring their continued success in the marketplace and facilitating dialogue with investors.</p> <p class="BodyText1">Euronext is the leading Equity listing venue in Europe and offers companies access to a large pool of investors and a financial ecosystem tailored to their specific needs.</p> <p class="BodyText1"><span>STAR Segment</span></p> <p class="BodyText1">Borsa Italiana&lsquo;s STAR segment includes 71 listed companies, with a total market capitalisation of approximately &euro;48.1 billion (data as of 29 February 2024). STAR companies meet the highest standards of excellence in terms of liquidity, transparency and corporate governance. They are distinguished by a clear strategic vision, good competitive positioning and solid financial results.</p> <p class="BodyText1">The STAR segment represents companies belonging to 10 different sectors. In order of market capitalisation: Industrials, Health Care, Technology, Financials, Consumer Discretionary, Consumer Staples, Utilities, Real Estate, Basic Materials e Telecommunications. Maintaining high standards of excellence and sector diversification, Euronext STAR is a leading segment for investors seeking high-quality investment opportunities in small and mid-cap companies listed on Borsa Italiana&rsquo;s market.</p> <p class="BodyText1">Fabrizio Testa, CEO of Borsa Italiana, said: &ldquo;<em>For over twenty years, Borsa Italiana has facilitated the dialogue between STAR companies and investors through initiatives such as the Euronext STAR Conference. This is a much-awaited event for the financial community, an opportunity to discuss companies' annual results and strategies with local and international investors. Today Borsa Italiana, part of leading pan European infrastructure, Euronext, has an efficient and constantly evolving market structure benefitting all market participants, who can now gain from Europe's largest liquidity pool</em>&rdquo;</p> <p class="BodyText1">The listed companies on Euronext STAR Milan attending the Conference are:</p> <p class="BodyText1">Abitare in, Aeroporto di Bologna, Alkemy, Antares Vision, Aquafil, Arnoldo Mondadori Editore, Ascopiave, Avio, B&amp;C Speakers, Banca Ifis, Banca Sistema, Cairo Communication, Carel Industries, Cellularline, Cembre, Cementir Holding, Cy4gate, D&rsquo;Amico International Shipping, Datalogic, EL.EN, Elica, Emak, Equita Group, Esprinet, Eurotech, F.I.L.A. Group, Fiera Milano, Garofalo HealthCare, Gefran, Generalfinance, Gruppo Mutuionline, IGD &ndash; SIIQ, Illimity Bank, IRCE, Italmobiliare, LU-VE Group, Marr, Neodecortech, Newlat Food, Orsero, Pharmanutra, Piovan, REPLY, Revo Insurance, Sabaf, Saes Getters, Salcef Group, Sanlorenzo, Seco, Sesa, Sogefi, Tamburi Investment Partners, Tesmec, Tinexta, TXT Group, Unidata, Unieuro, Wiit, Zignago Vetro.</p> <p class="BodyText1">The Conference co-organizing brokers of the STAR Conference are:</p> <p class="BodyText1">Alantra, Banca Akros, CFO Sim, Equita, Exane BNP Paribas, Intermonte, Intesa Sanpaolo, Kepler Cheuvreux, Mediobanca, Stifel, Value Track</p> http://www.mondovisione.com/media-and-resources/news/kick-off-of-euronext-star-conference-2024/#207011 Mon, 18 Mar 2024 16:11:57 GMT ECB And EBA Step Up Efforts To Make Banking Industry Data Reporting More Efficient http://www.mondovisione.com/media-and-resources/news/ecb-and-eba-step-up-efforts-to-make-banking-industry-data-reporting-more-efficie/ <p><section class="rich-text"> <div class="field field--name-text field--type-text-long field--label-hidden field__item"> <ul> <li><em>ECB and EBA establish Joint Bank Reporting Committee to make data reporting by the banking industry more efficient</em></li> <li><em>New structure will harmonise and integrate reporting of&nbsp;statistical, supervisory and resolution data with the aim of developing common definitions and standards</em></li> <li><em>Process will involve all relevant EU bodies, as well as national authorities and banking industry representatives</em> <p>&nbsp;</p> </li> </ul> <p>The&nbsp;European Central Bank (ECB) and the European Banking Authority (EBA) aim to harmonise and integrate data reporting by the banking industry with the goal of improving efficiency and reducing the associated costs. To this end, the two institutions today established the Joint Bank Reporting Committee (JBRC), which is tasked with helping to develop common definitions and standards for the data that banks are required to report for statistical, supervisory and resolution purposes.</p> <p>&ldquo;High-quality data is essential to fulfilling our mandate&rdquo;, said ECB Executive Board member Isabel Schnabel. &ldquo;I am pleased that we will have a structure in place to simplify and facilitate data reporting by the banking industry in an integrated, efficient and standardised system.&rdquo;</p> <p>&ldquo;A harmonised, proportionate and fit-for-purpose reporting system is a priority for the EBA,&rdquo; said EBA Chairperson Jos&eacute; Manuel Campa. &ldquo;I am glad that today we are setting up this committee to ensure a smooth and sound governance underpinning an integrated and efficient reporting process to the benefit of all stakeholders.&rdquo;</p> <p>&ldquo;This initiative is an important part of the&nbsp;<a href="https://finance.ec.europa.eu/publications/strategy-supervisory-data-eu-financial-services_en">European Commission&rsquo;s supervisory data strategy</a>&nbsp;and will streamline and modernise reporting for EU banks. Supervisory authorities and the financial sector need to work together to deliver a reporting system that gives supervisors the data that they need while increasing efficiency and minimising the burden for reporting entities. This contributes also to the Commission&rsquo;s reporting rationalisation exercise,&rdquo; said Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union.</p> <p>&ldquo;I welcome this initiative and the Single Resolution Board (SRB) fully supports it. Streamlined and harmonised approaches will also improve the sharing of information between public authorities,&rdquo; said SRB Chair Dominique Laboureix.</p> <p>The ECB, the EBA, the European Commission and the SRB will all be part of the JBRC, as will the relevant authorities with the power to issue supervisory, resolution and statistical reporting requirements in European Economic Area Member States. The banking industry will participate through a consultative body, the Reporting Contact Group.</p> <p>One key tangible deliverable of the JBRC will be a common data dictionary for the reporting of statistical, supervisory and resolution data by banks. In this regard, the JBRC will work on establishing common concepts and definitions used in new and existing reporting.</p> <p>The JBRC is established through a&nbsp;<a href="https://www.ecb.europa.eu/pub/pdf/other/ecb.mou240318~bc6b929078.en.pdf">Memorandum of Understanding</a>&nbsp;that was signed today by the ECB and the EBA. More information can be found on the<a href="https://www.ecb.europa.eu/stats/ecb_statistics/co-operation_and_standards/reporting/html/index.en.html">&nbsp;ECB&rsquo;s website</a>.</p> </div> </section><section class="page__section page__section--with-divider"> <h2 class="h4 page__section__title">Documents</h2> <section class="card document-download"> <div class="card-body"> <div class="document-download__item"> <div class="document-download__document document-download__document--pdf"> <h6>Memorandum of Understanding between ECB and EBA on the establishment of the Joint Bank Reporting Committee</h6> <p>(282.95 KB - PDF)</p> </div> </div> </div> </section></section></p> http://www.mondovisione.com/media-and-resources/news/ecb-and-eba-step-up-efforts-to-make-banking-industry-data-reporting-more-efficie/#207021 Mon, 18 Mar 2024 22:10:37 GMT Eurex Launches Futures Contract On Semiconductor Industry http://www.mondovisione.com/media-and-resources/news/eurex-launches-futures-contract-on-semiconductor-industry/ <div class="dbx-container"> <div class="dbx-row"> <div class="dbx-col-sm-12 dbx-col-md-12 dbx-col-xl-10"> <div class="dbx-richtext"> <div> <ul class="rte--list"> <li class="align--left">STOXX&reg; Semiconductor 30 Index Futures listed at Eurex as of today</li> <li class="align--left">New sector futures contract is complementing Eurex&rsquo;s eco-system for sector investing</li> <li class="align--left">First semiconductor index futures listed in Europe</li> </ul> </div> </div> </div> </div> </div> <div class="dbx-container dbx-richtext"> <div class="dbx-row"> <div class="dbx-col-sm-12 dbx-col-md-12 dbx-col-xl-10"> <div> <p>&nbsp;</p> <p>Eurex, Europe&rsquo;s leading derivatives exchange, is expanding its suite of sector index futures. As of today, Deutsche Boerse&rsquo;s derivatives arm launched its first futures contract based on a semiconductor index. Eurex is thus responding to the growing relevance of the semiconductor industry during recent years.</p> <p><strong>Semiconductor industry as new investment theme &nbsp;</strong><br />Semiconductors are essential for the areas of communication, technology, and defense. In particular, developments in artificial intelligence and autonomous driving have increased interest in this sector. As a result, investors are seeking more exposure to the largest semiconductor companies, globally.</p> <p>In collaboration with Deutsche Boerse&rsquo;s index provider ISS STOXX, Eurex has developed an index that covers the 30 largest global semiconductor companies, listed on U.S. exchanges. This includes Nvidia, one of the most popular stocks in that industry recently. The index is a USD based price return index and was recently launched. STOXX Semiconductor 30 Index Futures will be trading around the clock from 1:00 CET (8a.m. Hong Kong / Singapore) to 22:15 CET, also covering the full trading day in the U.S. and Asia. The product launch will be supported by a liquidity provider scheme, offering regular rebates and revenue-sharing elements from day one.</p> <p><strong>Strong interest from Asian investors</strong><br />Randolf Roth, Member of the Eurex Executive Board: &ldquo;Recent global uncertainties have prompted nations to prioritize the secure production and distribution of semiconductors. Consequently, our STOXX Semiconductor 30 Index Futures are reflecting the growing appetite for semiconductors as a new investment theme. We are seeing a noticeable demand from Asia in particular, as Taiwanese companies are well represented in the index.&rdquo;</p> <p>Axel Lomholt, General Manager at STOXX: &ldquo;The STOXX&nbsp;<sup>&nbsp;</sup>Semiconductor 30 Index represents the leading companies within a rapidly flourishing industry, all meticulously selected through a rules-based and transparent methodology. Our great collaboration with Eurex reflects a terrific opportunity to further enrich the derivatives market, particularly in combination with themes and sectors, leveraging our innovative index-based solutions.&ldquo;</p> </div> </div> </div> </div> http://www.mondovisione.com/media-and-resources/news/eurex-launches-futures-contract-on-semiconductor-industry/#207010 Mon, 18 Mar 2024 16:07:51 GMT Finansinspektionen Analysis No. 42: Gender Differences In Investment Behaviour http://www.mondovisione.com/media-and-resources/news/finansinspektionen-analysis-no-42-gender-differences-in-investment-behaviour/ <p><span>The study confirms previous results showing that women are underrepresented in the stock market. The differences arise as early as three years of age, which shows that adults more often buy stocks for boys than for girls. We also see that men generally have larger stock portfolios than women throughout life, although women increase their stock wealth later in life.</span></p> <div class="editor-content"> <h2>Summary</h2> <p>Financial saving is central to individuals' economic security and long-term goals such as buying a home and retirement. Small differences in returns can over time have a significant impact on wealth and thus on an individual's personal finances. Differences in investment behaviour therefore contribute to inequalities in economic welfare.</p> <p>There are differences in investment behaviour in many dimensions. The purpose of this analysis is to study the stock market investments of women and men. The analysis focuses on stock investments during different periods of life, the risks individuals take, and the returns they receive. Highlighting these issues is important for Finansinspektionen's (FI) work with financial education and consumer protection.</p> <p>The study confirms previous results showing that women are underrepresented in the stock market. The differences arise as early as three years of age, which shows that adults more often buy stocks for boys than for girls. We also see that men generally have larger stock portfolios than women throughout life, although women increase their stock wealth later in life.</p> <p>On average, women have a 0.13 per cent higher return in their stock portfolios than men do. One explanation may be that men tend to trade more opportunistically by trying to time the market, which reduces their returns. However, among the wealthiest individuals, the same gender difference in returns is not observed.</p> <p>Men take more market risk in their stock portfolios than women do. At the same time, men seem to be better at managing the risk they take by more often diversifying their portfolios by buying different securities. A certain amount of financial risk is not bad in itself. Rather, it is often necessary to take some risk to generate returns on capital. But too much financial risk is not good, as excessive risk can lead to large losses. One of the simplest ways to reduce unnecessary risk-taking is to diversify a stock portfolio by spreading investments across several different stocks.</p> </div> <div class="link-list"> <ul> <li><a href="https://www.fi.se/contentassets/21a10d76e3f149aa95f62ecfeead9b60/fi-analysis-42-english.pdf">FI Analysis No. 42: Gender differences in investment behaviour (1.5 MB)</a></li> </ul> </div> <p><br /><img src="https://www.fi.se/globalassets/media/bilder/format-4x3/spara/spara_spargris_hand_familj_bank_700x525.jpg" aria-hidden="!" /></p> http://www.mondovisione.com/media-and-resources/news/finansinspektionen-analysis-no-42-gender-differences-in-investment-behaviour/#207019 Mon, 18 Mar 2024 21:44:59 GMT Amundi Introduces ETF Tracking Solactive GBS Global Markets Large & Mid Cap Index http://www.mondovisione.com/media-and-resources/news/amundi-introduces-etf-tracking-solactive-gbs-global-markets-large-and-mid-cap-inde/ <p><strong>Solactive is pleased to announce a new collaboration with Amundi, Europe&rsquo;s largest asset manager, on the Amundi Prime All Country World UCITS ETF launch. The Exchange-Traded Fund tracks the Solactive GBS Global Markets Large &amp; Mid Cap USD Index to capture equity market exposure from developed and emerging markets worldwide efficiently.</strong></p> <p>The&nbsp;<a href="https://www.solactive.com/indices/?index=DE000SLA7745" target="_blank" rel="noopener">Solactive GBS Global Markets Large &amp; Mid Cap USD Index</a>&nbsp;is part of the&nbsp;<strong>Solactive Global Benchmark Series</strong>. The index intends to track the performance of the large and mid-cap segment covering approximately the largest 85% of the free-float market capitalization in the Developed and Emerging Markets.</p> <p>The ETF was listed on 13 March on XETRA as well as local exchanges in Germany with a competitive TER of 0,07% p.a.</p> <p>The annually distributing share class ( Ticker: WEBG GY, ISIN: IE0009HF1MK9, WKN: ETF150) may be traded in USD, EUR, and GBP.</p> <p><span>Timo Pfeiffer, Chief Markets Officer at Solactive, commented:</span>&nbsp;<em>&ldquo;We highly appreciate that Amundi has once again chosen Solactive as their index provider and we are looking forward to continuing this partnership. Tracking the Solactive GBS Global Markets Large &amp; Mid Cap USD Index, the ETF aligns with the investment objectives of those seeking broad exposure to global equity markets and portfolio diversification.&rdquo;</em></p> <p><span>Benoit Sorel, Head of Amundi ETF, Indexing &amp; Smart Beta, said:</span>&nbsp;<em>&ldquo;Our aim is to be the first partner of choice for ETF investors by continuing to provide the essential building blocks for diversified asset allocation. This new ETF bolsters our global equities range, covering a wide spectrum of products from the lowest-cost ETFs to ESG and climate solutions, catering for every investor type and need.&rdquo;</em></p> http://www.mondovisione.com/media-and-resources/news/amundi-introduces-etf-tracking-solactive-gbs-global-markets-large-and-mid-cap-inde/#207009 Mon, 18 Mar 2024 14:38:17 GMT