Monday 27th February 2017
NEWS TICKER, FEBRUARY 27th: Reuters’s newswire says that Iceland’s central bank is considering easing capital controls for derivatives -- Moody's has today assigned a Ba3 rating to Rexel SA's (Rexel) €300m senior unsecured notes due 2024. Rexel's existing ratings, comprising of Ba2 corporate family rating (CFR), Ba2-PD probability of default rating (PDR), Ba3 ratings on the company's existing senior unsecured notes and the NP short-term rating of the company's €500m commercial paper programme, remain unaffected. The outlook on all ratings is stable. -- Members of the Civil Liberties Committee will discuss the fundamental rights situation in Hungary with Justice Minister László Trócsányi and civil society representatives on Monday afternoon. MEPs are likely to raise the question of media pluralism, the independence of the judiciary and the situation of refugees and migrants -- President Trump’s budget outline calls for surge in military spending and sharp cuts to non-defense agencies including the EPA. However, there are no cuts scheduled to US entitlement programs such as Social Security, Medicare in the budget -- According to the latest Figaro/LCI poll, presidential candidate Emmanuel Macron is predicted to beat Le Pen in a presidential run-off. But Le Pen is ahead in the polls for the first round of voting -- Over in Germany the latest Bild am Sonntag poll puts Merkel’s conservatives neck and neck with her Social Democrat rivals -

Latest Video

Latest News

  • Monday, 27 February 2017 AOFM to syndicate 1.25% 2040 indexed bond
    The AOFM announces an issue by syndicated tap of the 1.25% 21 August 2040 Treasury Indexed Bond tomorrow, February 28th. The size of the issue will be modest. Read more...
  • Monday, 27 February 2017 EEX & Belektron to open emissions auctions to wider customer base
    The European Energy Exchange (EEX) and the independent carbon trading company Belektron say they have signed a cooperation agreement to further facilitate access to the primary market auctions at EEX. The cooperation aims at opening the emissions auctions to a wider customer base, in particular, for smaller and medium-sized companies (SMEs). Read more...
  • Monday, 27 February 2017 Harvest Global Investments expands its sales and marketing teams
    Harvest Global Investments (HGI), the Chinese and Asian markets specialist asset manager, has announced senior hires, adding new geographical coverage to its sales and marketing teams. The new hires are part of Harvest’s plans to attract new investors throughout Asia, Europe and US and will support the global expansion of its distribution channels. Read more...
  • Monday, 27 February 2017 eVestment hires new VP of business development in London
    Fintech firm eVestment says that Gabriel Gilarranz has joined the firm as vice president of business development in the company’s London office. Read more...
  • Monday, 27 February 2017 Maven Capital Partners completes £6.5m MBO of Healthpoint Limited
    Private equity house Maven Capital Partners has completed a £6.5m management buy-out of Healthpoint Limited, which sources and supplies healthcare and beauty products into the retail sector. The equity investment was funded through Maven’s co-investment network for professional clients ‘Investor Partners’, with debt and working capital funding provided by Barclays plc. Read more...
  • Monday, 27 February 2017 Asset manager Eaton Vance expands presence in Japan
    Eaton Vance Corporation has announced it is expanding its activities in Japan. Eaton Vance Asia Pacific, its international subsidiary, opened a Tokyo-based representative office to provide relationship management and client service support to existing clients in Japan and other parts of Asia. Read more...
  • Monday, 27 February 2017 ADGM & GIFT SEZ IFSC agree closer collaboration
    Abu Dhabi Global Market (ADGM) and Gujarat International Financial Tec-City Special Economic Zone (GIFT SEZ IFSC) are set to collaborate more closely to help develop each other’s financial markets and marks growing shifts among GCC states towards the Asia Pacific states. Read more...
  • Monday, 27 February 2017 FIX Protocol enhanced to meet the requirements of MiFID II/MiFIR
    FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the publication of a document detailing extensions to the FIX Protocol to meet the requirements of MiFID II and MiFIR. The FIX Global Technical Committee has approved these changes and these are now available to use within the industry. Read more...
  • Monday, 27 February 2017 BAMA vows to eradicate mislabeling of unregulated financial entitles
    (Manama – 26 February 2017) -- The Bahrain Asset Managers Association (BAMA) says it will raise awareness about undertaking regulated investment services by nonregulated entities; ensure the privacy and confidentiality of commercial registrar for financial institutions; introduce compulsory claw-back provisions and clauses in investment offerings; and eradicate misleading practices in naming and labelling of the unregulated entities with implicit financial and investment connotation. Read more...
  • Monday, 27 February 2017 Is London set for biggest uptick in IPO volume for a decade in 2017?
    The benefits of a London listing looked to have bypassed the market in 2016. Brexit didn’t help of course. By year end the value of IPOs in London fell by 59% and volume decreased by 27%; the worst year since 2009. Kate Ball-Dodd, partner at Mayer Brown, asks whether a reversal of fortune will set the UK on track for record IPO listings this year. Read more...
  • Monday, 27 February 2017 Is London set for biggest uptick in IPO volume for a decade in 2017?
    The benefits of a London listing looked to have bypassed the market in 2016. Brexit didn’t help of course. By year end the value of IPOs in London fell by 59% and volume decreased by 27%; the worst year since 2009. Kate Ball-Dodd, partner at Mayer Brown, asks whether a reversal of fortune will set the UK on track for record IPO listings this year. Read more...
  • Monday, 27 February 2017 DC pensions now the norm for new employees
    New research from Willis Towers Watson suggests the take up of Defined Contribution (DC) pensions is now virtually ubiquitous, with 98% of new employees at FTSE 350 companies joining DC schemes. Even so, the report also suggests that DC still requires refinements, in areas such as the development of delivery vehicles, contribution designs and member education and support. Read more...
  • Friday, 24 February 2017 Işbank partners with PPRO Group to boost cross border sales
    İşbank, the biggest private bank in Turkey and provider of PSP services, is partnering with cross border e-payment specialist, PPRO Group. The partnership enables İşbank to offer e-commerce merchants 13 local alternative payment methods worldwide. Read more...
  • Friday, 24 February 2017 Fitch says US RMBS settlement issues still loom for some European banks
    According to a new market report from Fitch Ratings, uncertainty about the scale of penalties for US retail mortgage-backed securities (RMBS) practices more than ten years ago will continue to weigh on some European banks' capital management and dividends. “We expect cautious capital retention to be a theme as the 2016 results season for European banks reaches its final stage,” says the credit maven. Read more...
  • Thursday, 23 February 2017 Code modernisation vital for capital markets efficiency says TABB Group
    Regulatory demands on the financial services industry require that institutions obtain a holistic understanding of all the data within the organisation for compliance purposes. TABB Group’s latest research, “Code Modernization – Doing More with More,” reviews how the move to code modernisation in the capital markets community will make the maximum use of firms’ existing compute resources. Read more...

MORE NEWS...
Key Stories from FTSE Global Markets

India has provided portfolio investors diversified growth opportunities as it has continued to gradually integrate with the global economy. The Indian Rupee has increased its impact on India companies since the end of 2009, with India’s total world trade expanding by 80% to the end of 2014 reports SGX.

Read more...

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report entitled Harmonisation of the Unique Transaction Identifier (UTI).

Read more...

Emmett Kilduff, chief executive officer, Eagle Alpha, in a heartfelt polemic, writes that the volume of data produced online dwarfs all other sources. Every minute of every day Google receives four million search queries, YouTube users upload 72 hours of video, 204m of emails are sent, and Facebook users share 2.46m pieces of content. The pace of this data creation is only accelerating; a digital universe study by analyst firm IDC found that the total volume of information worldwide is now doubling around every 18 months. Kilduff thinks that not enough of us are making money from the web: are you?

Read more...

According to Credit Suisse’s latest survey of the alternative asset allocation preferences of some 200 global institutional investors in hedge funds, the top three investment strategies favoured in the Americas was global macro (38%); event driven (47%) and equity long/short (54%). In EMEA meanwhile, global macro was the most popular allocation among institutional investors (54%), equity long/short (46%) and event driven (43%) while in APAC global macro (44%), multi-strategy (44%) and credit long/short (39%) predominated. The ability to capitalise on macroeconomic opportunities, such as an expected hike in US Fed interest rates, looks to underlie its popularity. However CTA/managed futures has declined in popularity among respondents.

Read more...
Friday, 28 August 2015

Frenemies at the Gate

A curious cultural shift is taking place when it comes to problem-solving in the financial services industry. The sector is not renowned as a home for co-operation. Competition is intense, the stakes high, and individualism rewarded. Yet the industry has recently seen a marked increase in collaborative ventures. The post-crisis environment, with regulations driving transparency, is encouraging firms to focus resource on areas where there is less competitive advantage, such as risk management or reporting. As a result, fierce rivals are beginning to buck the trend, putting aside their differences to mutualise solutions to problems regulatory, logistical and technical. Consortia, industry groups and open source projects abound. Joe Channer, chief executive officer at Delta Capita explains the dynamics.

Read more...

CRUDE OIL DASHBOARD

TWITTER FEED

Blog

  • Thursday, 27 October 2016 08:05 Has monetary policy reached its limit?
    In Japan and the eurozone, it increasingly appears that monetary policy easing is effectively at its limits, thinks Kathleen Hughes, head of European Institutional Sales, Goldman…
  • Wednesday, 22 February 2017 13:40 MiFID II: time to focus
    I was astounded to read about a survey from Northern Trust last week that found that 60 per cent of fund managers have not implemented…