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FCA to introduce UK Benchmarks Register
March 22, 2019--The FCA continues to plan for a range of outcomes in relation to Brexit, including the UK leaving the EU without an implementation period. To prepare for this scenario, the FCA has developed a new UK Benchmarks Register.
The new Register will replace the ESMA Register for UK supervised users, and UK and third-country based benchmark administrators that want their benchmarks to be used in the UK.
The new UK Benchmarks Register will include benchmark administrators and third-country benchmarks. Benchmarks Administrators
The Benchmarks Administrators Register is a public record of all benchmark administrators that are:
authorised, registered or recognised by the FCA
outside the UK and have notified the FCA that they benefit from an equivalence decision that has been adopted by the UK.
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Source: fca.org.uk
Deutsche Boerse Xetra Annual ETF Factsheet 2018
March 22, 2019-ETF TRADING ON XETRA --Facts & figures for the year 2018 Xetra. The market.-Overview
Deutsche Börse's XTF segment for exchange-traded index funds (ETFs) was launched on 11 April 2000.
Thus, Xetra(R) was the first trading platform for ETFs in Europe and since then is the market leader in terms of listed ETFs (1,368) and trading turnover (€12.6 billion monthly average).
The market share of Xetra for the on-exchange volume of ETFs in Europe was 29 per cent in 2018.
89 percent of the exchange-traded funds turnoveri n Germany is generated on Xetra.
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Source: Deutsche Börse Group
Turkey's central bank suspends one-week repo auctions as lira slides
March 22, 2019--The Central Bank of Turkey announced on Friday it had suspended one-week repo auctions for an undefined length of time, while lira tumbled more than 4 percent against the U.S. dollar, the worst daily percentage drop since a currency crisis in last August.
The central bank has been keeping one-week repo lending rate at 24 percent since September to help arrest a slump in the lira and curb inflation. The central bank uses this base rate for monetary policy purposes and the bank's move indicates a stricter stance on liquidity.
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Source: Ahval
EU agrees Brexit 'cliff-edge' delay, with conditions
March 21, 2019--After lengthy debate at a summit in Brussels Thursday, EU leaders agreed a short Article 50 extension till 12 April, or 22 May if the UK Parliament approves Theresa May's Withdrawal Agreement next week.
If, as seems likely, the deal is not approved by the UK Parliament, the EU Council agrees to an extension until 12 April, and at the same time expects the UK to come up with a plan for the EU to consider.
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Source: EUbusiness
The shift away from Libor could threaten stability
March 21, 2019--Investors should not be too sanguine about transition from scandal-linked rate.
Global regulators are cheering a transition from Libor, the now infamous London interbank offered rate that underpins $370tn in financial...
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Source: FT.com
Brexit: Theresa May asks EU for delay with cabinet in deadlock over 'crisis'
March 20, 2019--PM forced to seek extension of article 50 as No 10 admits it is too late to leave with a deal.
Theresa May will be forced to write to EU leaders on Wednesday and beg them to delay Brexit, with her cabinet deadlocked over the best way out of what Downing Street now concedes is a "crisis".
The government had maintained until the last possible moment that Brexit could go ahead as planned on 29 March or after a brief "technical extension".
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Source: theguardian.com
EU Budget for 2021-2027: Commission welcomes preliminary agreement on InvestEU
March 20, 2019--The European Commission welcomes the preliminary agreement on InvestEU, the proposed programme to boost private and public investment in Europe in the next long-term EU budget 2021-2027.
This preliminary agreement between the European Parliament, Member States and the Commission is a crucial step towards the creation of the InvestEU programme, which will bring together under one roof the European Fund for Strategic Investments and 13 other EU financial instruments currently supporting investment in the EU, making the financing easier to access.
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Source: European Commission
Official Statistics: Forecasts for the UK economy: March 2019
March 20, 2019--A comparison of independent forecasts for the UK economy in March 2019.
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Source: Gov.uk
Solactive partners with CoinMarketCap to create Cryptocurrency Benchmark Indices
March 20, 2019--Solactive is pleased to announce that internationally renowned cryptocurrency information and data provider CoinMarketCap (CMC) joined forces with the German index provider to create new Cryptocurrency Benchmark Indices, labeled: CMC Crypto 200 Index-powered by Solactive.
Initially, two indices are at the starting line covering 200 crypto currencies, with one index including the top cryptocurrencies by market capitalization and one subversion excluding the most prominent cryptocurrency Bitcoin (BTC).
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Source: Solactive
Two New Metal and Energy ETCs from Boost on Xetra
March 20, 2019--Since Wednesday, two new Exchange Traded Commodities from Boost are tradable via Xetra and Börse Frankfurt.
The ETCs offer investors access to the performance of reference indices denominated in US dollars that track the commodity sectors of industrial metals or energy.
Both indices use an optimised roll mechanism aimed at minimising losses from contango contracts or maximising the benefits from backwardation contracts.
Name: Boost Enhanced Industrial Metals ETC
Asset class: Commodity index ETC
ISIN: DE000A2GCWM6
Ongoing charges: 0.76 per cent
Distribution policy: Accumulating
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Source: Deutsche Börse Group
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