AMIC published its latest Review on Tuesday 26 November featuring articles on Fund Liquidity, effect of negative interest rates on the asset management sector, Capital Markets Union and FinTech.
The Organisation for Economic Co-operation and Development (OECD) has issued a report on strengthening pension systems to adapt to a changing world of work.
The report advises that governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement.
The European Securities and Markets Authority (ESMA) has published the responses it received to its consultation on aligning the Markets in Financial Instruments Regulation (MiFIR) requirements to the changes introduced by the revision of the European Market Infrastructure Regulation (EMIR Refit).
The European Securities and Markets Authority (ESMA) has published its latest risk dashboard for the European Union's securities markets, covering the third quarter of 2019.
The Association of the Luxembourg Fund Industry (ALFI) has published the results of three surveys on the occasion of the ALFI PE & RE Conference 2019 in Luxembourg on 26 and 27 November which revealed a continued growth in alternative investment funds in the Grand Duchy.
IFRS and CMU
Speech by Steven Maijoor, Chairman of the European Securities and Markets Authority (ESMA), on assessing the role of IFRS in building stronger European Capital Markets.
Speech by Ursula von der Leyen, President-elect of the European Commission, on the occasion of the presentation of her College of Commissioners and on what the new Commission is planning to achieve. She confirmed that the “European Union will mainstream climate financing throughout its budget, but also throughout capital markets and the entire investment chain.”
The European Central Bank has published an article on the evidence that economies receiving more funding from stock markets than credit markets generate less carbon. Increasing the equity financing share to one-half globally would reduce aggregate per capita carbon emissions by about one-quarter of the Paris Agreement commitment.
The European Parliament has adopted a resolution on declaring a climate and environmental emergency.
The resolution states that:
- Commission must ensure all proposals are aligned with 1.5 degree Celsius target
- EU should cut emissions by 55% by 2030 to become climate neutral by 2050
- Calls to reduce global emissions from shipping and aviation
In particular, the recommendations highlight key success factors under three main priorities:- Creating markets for climate-neutral and circular products
- Developing large-scale pilot projects on clean technologies
- Switching to alternative climate-neutral energy and feedstock sources
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