13 October 2016
Friends 'Weekly' Newsletter
Citi, ESMA, anti-money laundering, Brexit and more.
| Jump directly to |  |  |
|
|
Articles from 06 October 2016 - 13 October 2016
|
|
|
Banking
|
|
|
|
|
|
Reuters: Citi says 'time to buy' European banks
Citi analysts upgraded their recommendation on Europe's beleaguered banks to "overweight" within regional portfolios, citing signs of improvement in the credit cycle and loan growth as well as cheap relative valuations.
|
|
|
|
|
Securities
|
|
|
|
|
|
ESMA to focus on supervisory convergence issues in 2017
ESMA published its 2017 Work Programme which sets out its priorities to enhance investor protection and promote stable and orderly financial markets.
|
|
|
|
|
Insurance
|
|
|
|
|
|
Reuters: Fewer British firms have cyber insurance policies
The number of British firms insured against cyber threats has fallen sharply in the past year even though many doubled their security budgets after some high-profile companies suffered attacks, a survey by PwC showed.
|
|
|
|
|
Asset Management
|
|
|
|
|
|
Investment & Pensions Europe: Brussels looks to tax reform to boost Juncker Plan
Jeremy Woolfe relates the European Commission’s latest plans for getting pension funds involved in the CMU.
|
Hedgeweek: Anti-money laundering regulation tops compliance concern for banking execs
The study into the regulations most difficult to comply with from a data and reporting perspective, warns that organisations are worryingly behind in developing the data architectures needed to meet evolving reporting demands and need to overhaul data delivery practices.
|
Hedgeweek: Outsourcing the EU regulatory burden to ease fatigue
It is fair to say that regulatory fatigue has set in when it comes to the European Union market. This has been brought about in particular by the Alternative Investment Fund Managers Directive (AIFMD).
|
|
|
|
|
Corporate Governance/Accounting
|
|
|
|
|
|
Investment & Pensions Europe: Accounting rulebook IFRS 9 clears last hurdle in European Parliament
Once formally adopted by the European Commission, IFRS 9 will apply for annual reporting periods beginning on or after 1 January 2018.
|
|
|
|
|
Political
|
|
|
|
|
|
FT: Brexit set to push VTB’s Europe hub out of London
Russian state-controlled bank considering alternative locations including Frankfurt, Paris or Vienna.
|
PIIE: Theresa May's Reckless Gamble on a "Hard" Brexit
Like Prime Minister David Cameron before her, Britain's Theresa May is guiding the Conservative Party into a reckless political and economic gamble over the issue of membership of the European Union, writes Jacob Funk Kirkegaard from the Peterson Institute for International Economics (PIIE).
|
ESBG: Brexit -The future of Europe's banks rests on diversity
Commentary by Chris De Noose on diversity, subsidiarity and proportionality: the cures for the EU's post-Brexit ills.
|
|
|
|
|
Financial
|
|
|
|
|
|
Finance Watch: Commission should present ambitious plans to help consumers navigate capital markets
"We would like to see: more accessible, basic financial products being offered; a sensible way of paying financial advisors; and proper enforcement of consumer protection rules," said the Secretary General of the organisation.
|
|
|
|
|
Economic
|
|
|
|
|
|
European Commission: ECOFIN
Remarks by Vice-President Dombrovskis about the outcome of the Annual IMF – World Bank Meetings, the European Fund for Sustainable Development, the 2016 European Semester and ongoing discussions in the Basel Committee on banking reforms.
|
Reuters: ECB could hit inflation target by late 2018, early 2019 - Draghi
Speaking at the IMF's annual meeting, Draghi added that he also saw no evidence that low inflation has become embedded in wage setting, a big fear for policymakers as low wage growth could perpetuate low inflation.
|
|
|
| Graham's tweets | | |
| Tag Cloud | | |
© Graham Bishop
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article