Andrew Baily, a possible successor of Mark Carney at the BoE, stands accused of not having launched an investigation after complaints by a whistleblower at Lloyds Banking Group.
British representative body, the Investment Association, has authorised, on 23 May, ETFs to join its sectors as from first quarter 2020.
Robert Ophèle, head of the French Financial Markets Authority (AMF), presented the AMF’s 2018 activity at the beginning of May.
Banks are relatively well protected, but end-investors, particularly in CLOs, are more heavily exposed to the risk of a crisis.
PEPP is meant to boost individual retirement savings in the European Union and will be based broadly on level-2 measures. The impact may run counter to expectations.
Jean-Paul Delevoye, the French high commissioner for pension reform, addresses the concerns of pension funds regarding a universal regime. Reform is a sensitive matter, and the French state’s negotiator has said that he may withdraw if the commitment to retain the 62-year minimum retirement age is not met.
The French Association of Institutional Investors wants its voice to be heard in the plan to reform pension systems that President Emmanuel Macron has set in motion.
The findings of this new biennial stress test are expected to be released by yearend.
It’s not at all clear who will succeed him. Probably not a Frenchman, now that Emmanuel Macron has his sights set on the European Commission.