Mondo Visione Worldwide Financial Markets Intelligence

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  • Reforming Our Capital Markets Ecosystem - Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive Delivered At The Global Investment Management Summit

    Date 29/03/2023

    Highlights

    • The FCA set out proposals to reform the UK framework for asset management to ensure its proportionality, continued alignment to high global standards and to better support innovation.
    • Proposed ESG labelling regime for investment products will build trust in the growing sustainable investment category. 
    • While recognising that regulation is only one element to encouraging firms to list in the UK, the FCA will always play a full part and is open-minded about reform.

  • PolySign Appoints Tech Industry Veteran Chuck Ocheret As Chief Technology Officer

    Date 29/03/2023

    PolySign, a leading provider of blockchain-enabled digital asset infrastructure for institutional investors, today announced the appointment of Charles (“Chuck”) Ocheret as its new Chief Technology Officer to oversee the next stage of its growth and technology development. 

  • ESMA Issues Its 2022 Corporate Reporting Enforcement And Regulatory Activities Report

    Date 29/03/2023

    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its 2022 Corporate Reporting Enforcement and Regulatory Activities Report, providing an overview of activities carried out by ESMA and enforcers on financial and non-financial information and European Single Electronic Format (ESEF) reporting.

  • BIS: Supervisory Policy Stimulus: Evidence From The Euro Area Dividend Recommendation

    Date 29/03/2023

    Summary

    Focus 

    In March 2020, the European Central Bank made the recommendation that, at least until October 2020, no "significant institution" should pay out dividends. We investigate the recommendation's impact on the credit supply to non-financial corporations amid the Covid-19 economic shock. Bank managements effectively faced a choice of how to allocate their capital when deciding whether to follow the ECB recommendation, with differing implications for the credit supply. On the one hand, given constant demand and price effects, they might have opted to use the surplus capital to increase lending supply, thus responding countercyclically to support the economy. On the other hand, they might have decided to increase their resilience to future shocks by saving capital, and/or strengthening their loss-absorption capacity by making additional provisions. The paper asks whether the ECB's dividend recommendation led to an increase or a decrease in the credit supply to non-financial corporations, and whether this effect varied for different types of firm and sector.

  • UK Financial Conduct Authority Publishes Letter On Morses Club Scheme Of Arrangement

    Date 29/03/2023

    On 3 March 2023, the FCA issued a letter of concerns in relation to Morses Club's proposed Scheme of Arrangement, ahead of the firm attending Court on 7 March to seek views of the court before proceeding to the next stage of the process. The firm said they would consider the concerns and whether improvements can be made.