Friday 24th October 2014
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FRIDAY TICKER: OCTOBER 24th 2014: Standard Life has signed a memorandum of understanding with Industrial and Commercial Bank of China aimed at building partnerships around savings and investment solutions - A research report has found Australia to be one of the world’s most expensive developed markets to clear and settle equities - BNP Paribas Securities Services has launched an outsourcing service for AIFMD reporting - Ratings agency Standard & Poor's says it sees the beginnings of a new phase in the lingering eurozone crisis, where the worst may be over, but the difficult job of tending to unfinished business lies ahead.

Latest News

  • Friday, 24 October 2014 State Street's third quarter profit rises on higher fees
    US custody bank State Street says its third quarter profits have risen 2.1% thanks to higher to fees for managing and overseeing client assets. Read more...
  • Friday, 24 October 2014 US agencies ask for comment on flood insurance rule
    Five US federal regulatory agencies, including the US Federal Reserve, today announced the approval of a joint notice of proposed rule-making to amend regulations pertaining to loans secured by property located in special flood hazard areas. Read more...
  • Friday, 24 October 2014 Luxembourg reaches record assets under management
    The Association of the Luxembourg Fund Industry (ALFI) says that assets under management of Luxembourg domiciled funds reached euros 3006.76 billion at the end of September 2014 – a 14.97% increase since the beginning of this year and is mainly due to net sales. Read more...
  • Friday, 24 October 2014 WisdomTree enters European ETF market
    Exchange-traded fund specialist WidomTree has launched its European UCITS ETF platform and listed its first four ETFs, listed on the London Stock Exchange (LSE), providing exposure to large and small-cap US and European equities. Read more...
  • Friday, 24 October 2014 OCC releases Dodd-Frank stress test scenarios for 2015
    The Office of the Comptroller of the Currency (OCC) released economic and financial market scenarios that will be used in the next round of stress tests for major US banks. Read more...
  • Friday, 24 October 2014 F&C wins responsible investment mandate in Germany
    German-based asset manager Metzler Asset Management and the investment management company Metzler Investment have appointed F&C Investments to oversee responsible investment in matters of voting and engagement. Read more...
  • Friday, 24 October 2014 Japan’s GPIF commissions ESG and stewardship study
    Japan’s Government Pension Investment Fund (GPIF) has picked Quick Corp. to carry out a study on how the fund should undertake stewardship responsibilities and environmental, social and governance (ESG) investment. Read more...
  • Friday, 24 October 2014 Strong equity sales help Federated beat Q3 estimates
    US money manager Federated Investors saw its revenue rise 2% to $216.92m in this year’s third quarter thanks to a rise in equity assets under management. Read more...
  • Friday, 24 October 2014 Amundi takes over Austrian asset management business
    Austria’s largest retail bank BAWAG P.S.K. will offload its asset management arm to Amundi. BAWAG P.S.K. INVEST, which has a total of EUR 4.6bn of assets under management, looks after 78 retail and institutional funds for BAWAG P.S.K. customers. Read more...
  • Friday, 24 October 2014 New head of sales for Catella's funds
    Peter Elmhorn has been appointed as the new head of sales at the Swedish fund operations. Elmhorn joins from a senior role at Swedbank Försäkring, where he was responsible for management and product development. He was previously also responsible for marketing and sales of fund products at both Danske Capital and Skandia. Read more...
  • Thursday, 23 October 2014 EBRD supports Serbia’s deposit insurance system
    The European Bank for Reconstruction and Development (EBRD) is providing a €200m stand-by credit line to Serbia’s Deposit Insurance Agency (DIA), an independent, public institution designed to protect insured depositors and manage the Deposit Insurance Fund (DIF), a special fund set up to pay-out insured depositors. Read more...
  • Thursday, 23 October 2014 EU tax study confirms billions lost in VAT gap
    An estimated €177bn in VAT revenues was lost due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the Commission today. This equates to 16% of total expected VAT revenue of 26 member states. Read more...
  • Thursday, 23 October 2014 La Bolsa de Rosario expandió sus Laboratorios
    La Bolsa de Comercio de Rosario puso en marcha un importante proyecto de ampliación de sus Laboratorios de productos agropecuarios y este jueves hizo el lanzamiento de los nuevos servicios de análisis de Residuos de pesticidas y metales pesados. Read more...
  • Thursday, 23 October 2014 TMX Group to streamline its equities trading offering
    TMX Group says that over the coming months, changes will be made to the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), TMX Select and Alpha Exchange offerings. The changes are aimed at improving the Canadian trading landscape by introducing a domestic trading model with what the firm says are superior trading economics for retail and institutional orders, offering effective solutions to participants who do not use speed-based trading strategies, and reducing market complexity. Read more...
  • Thursday, 23 October 2014 Romanian bourse pitches for UK investment business
    Recent developments to Romania’s capital market were showcased to institutional investors based in London yesterday in a conference organised by Bucharest Stock Exchange (BVB) and the European Bank for Reconstruction and Development (EBRD). Read more...
  • Thursday, 23 October 2014 Standard Chartered adds two in financial markets sales
    Standard Chartered has made two new senior appointments to its financial markets sales team. Terence Gan, joins the bank this week in Singapore as head of financial markets rates sales and reports to Carsten Stoehr, global head of financial markets sales. Read more...
  • Thursday, 23 October 2014 Threat of cyber-attacks ranks as top concern for financial firms
    In the wake of several recent high-profile cyber-attacks on major sectors of the global economy, cyber security now ranks as the principal concern of the financial services industry, according to results of a new survey released today by The Depository Trust & Clearing Corporation (DTCC). Read more...
  • Thursday, 23 October 2014 Alternative money managers face tougher demands to keep clients
    Investors plan to narrow down the number of different alternative asset managers they work with in the next 12-24 months, according to a joint survey by UBS Fund Services and PwC. Read more...
  • Thursday, 23 October 2014 RBNZ: managing system-wide risk in the financial markets
    In a speech today to the NZ Society for Risk Management, Toby Fiennes, Head of Prudential Supervision, said: “in order to capture opportunities and maximise returns in a sustainable manner, it is crucial that risks are taken and that they are mitigated with a well thought-out process. We require strong buffers and good risk management by financial institutions.” Read more...
  • Thursday, 23 October 2014 Investors keen on high dividend strategies, research finds
    New research from ING Investment Management reveals that a growing number of institutional investors believe dividends will account for a greater percentage of total returns on equity investments on the next three years. Read more...

MORE NEWS...
Key Stories from FTSE Global Markets
Wednesday, 24 September 2014

Prime computations

As regulators turn up the heat, prime-service providers have responded in kind by trimming the fat and optimising current tools, while also emphasising the same old “client-centric” concepts of the past. From Boston, Dave Simons reports.

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Wednesday, 24 September 2014

MarketAxess plugs the liquidity gap

In the absence of large dealer participation, New York-based MarketAxess has sought to plug the liquidity gap with its proprietary electronic trading platform, providing investors and broker dealers with streamlined access to an array of fixed-income products, Dave Simons talks to Rick McVey, MarketAxess chief executive, about the opportunities and challenges of the segment.

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Wednesday, 24 September 2014

Dragging dead weight

For those with eyes to read and ears to hear the macro economic news for the UK has been startling. GDP growth is apparently leading (well, Europe, at least), business optimism has been strong, inflation low, pound strong(ish). So why does it all seem to be a bit of an illusion? Simon Denham, chief executive officer of independent City consultant Skrem Ltd, gives us the bear view.

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Prices in the UK’s property, particularly real estate continue to rise, even as numbers of local mortgage applications shows signs of slowing. Even so, demand for property continues to outstrip supply and London in particularly continues its dominance within the United Kingdom, in terms of residential prices. London’s East End has been a particular beneficiary of increasingly relaxed development rules and the eastward shift in the capital of business and financial innovation.

Read more...
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Blogs

  • Friday, 24 October 2014 08:19 Bullish momentum waning?
    European equities are set to fall on the open following overnight news that ebola has hit New York. Although the regular cash session in the…
  • Thursday, 16 October 2014 10:18 Russian Bond Market Review: September
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    The third quarter of 2014 was a disaster for the Russian financial market. The overall outcome was spoilt mainly by summer months’ results, while September…

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