Nicolas Mackel, CEO of Luxembourg for Finance (LFF), on the financial services industry’s expectations from the UK-EU MoU and how Brexit will slowly erode London’s sheen for companies seeking to establish their presence in Europe.
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Markets
Credit Suisse and Nomura are among banks expecting significant losses after a US-based hedge fund defaulted on margin calls last week.
The technical discussions on the text of the Memorandum of Understanding (MoU), which was agreed as a part of the UK and EU’s Christmas deal late last year, has been concluded.
The pan-European stock exchange will roll out its new block trading facility for small- and mid-cap stocks later this year, Asset News has learnt.
EU securities regulator European Securities and Markets Authority (Esma) has launched a public consultation on the potential reforms for the EU Money Market Funds Regulation (MMFR), after several such funds faced liquidity issues in Covid-19 triggered market stress in March 2020.
The Dutch financial market authority AFM has investigated trading restrictions implemented by local investment firms in certain financial instruments, including GameStop shares, but has not found anything illegal.
The environmental, social and governance methodology is subject to annual revision to integrate new European standards.
On the occasion of the World Water Day on Monday 22 March, Asset News dived into global water funds' bets.
