Follow Us

Follow us on Twitter  Follow us on LinkedIn
 
Home>Friends' Services>Brussels Finance Watchers weekly e-mail
Print Page Save to My Library <Next Article  Previous Article>
20 October 2016

Friends 'Weekly' Newsletter


EBA, virtual money, CMU, pan-European pension product, sovereign debt markets, IIA, Brexit, sterling, CETA and more.

  Jump directly to
Banking Insurance Asset Management
Corporate Governance/Accounting Political Financial
Economic   About this email

  Articles from 13 October 2016 - 20 October 2016

  Banking
 
 
EBA publishes work programme for 2017
The programme describes the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting the key strategic areas of work until 2020.
Reuters: ECB urges EU to curb virtual money on fear of losing control
In a legal opinion, the ECB said EU institutions should not promote the use of digital currencies and should make clear they lack the legal status of currency or money.
 
  Insurance
 
 
EIOPA: Exploring new horizons for the benefit of the citizens in the European Union
In this speech, Bernardino focuses on a comprehensive approach to supervisory convergence; the evolution of the PEPP in the context of the CMU; the priorities of the consumer protection agenda and next steps and challenges on the regulatory front.
 
  Asset Management
 
 
Investment & Pensions Europe: Brussels calls for debate over pan-European pension product
The European Commission is inviting pension funds, asset managers, insurance undertakings, individuals, consumers associations and public authorities to join the debate on the need for a pan-European pension product during a public hearing to be held on 24 October in Brussels.
ISDA: GDP-linked bonds - a new design for sovereign debt markets
A model set of terms and conditions, or “term sheet,” for GDP-linked sovereign bonds has been prepared by an ad hoc working group consisting of investment managers, lawyers and economists from the Bank of England, together with support from ICMA and other trade associations.
 
  Corporate Governance/Accounting
 
 
IIA: Update of standards
The revised Standards go into effect January 1, 2017.
 
  Political
 
 
Reuters: UK's Hammond assails 'hard Brexit' camp, vows to protect economy
Hammond also sought to ease concern among investors that the Government may want to influence monetary policy after a spat between Bank of England Governor Mark Carney and Prime Minister Theresa May who has criticized the BoE's low interest rates.
Financial Times: Will Brexit cause a sterling crisis?
The sharp decline in sterling since the UK voted for Brexit has been widely viewed by economists as inevitable and, for the most part, desirable. Brexit will probably reduce UK productivity and competitiveness, so living standards will be lower than otherwise, writes Gavyn Davies.
European Council: Speech by President Donald Tusk at the European Policy Centre conference
"The most serious crisis of modern times is the weakening, if not the breakdown, of faith in the durability and purpose of traditional values, which are a foundation of the European Union and, more broadly, of the whole political community of the West."
 
  Financial
 
 
The Guardian: Banks could move assets out of UK by 2017 if 'EU passport' is lost
Government must focus on helping banks maintain rights to sell services across EU or Britain could lose status as a financial hub, says Open Europe.
 
  Economic
 
 
European Parliament: After CETA - the EU trade agreements that are in the pipeline
Various deals are being negotiated all over the globe, but they can only enter into force if the European Parliament approves them.
Reuters: Belgian region demands more time to fix EU-Canada trade deal
The premier of the Belgian region that is the main impediment to a planned EU-Canada free trade agreement advised on Wednesday postponing a summit next week to sign the deal and taking a few more months to fix outstanding issues.
Reuters: ECB to maintain status quo when it meets on October 20: traders
When asked what the ECB would do by year-end, 11 of 19 traders said the ECB would make no changes to policy. The remainder said it would extend quantitative easing beyond March 2017, increase the amount of monthly asset purchases, or both.
 

  Graham's tweets

  Tag Cloud
brexit ecb theresa may


© Graham Bishop

< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information


Add new comment





 


www.grahambishop.com
// Business Applications by Denaploy 		Web Master Information
Terms & Conditions
Privacy Policy