More than 85% of traders surveyed expect a rise in passive investing could provoke change in global markets, but only 40% see this development as positive for their companies
Expanding access to client data will help empower fintechs and intensify competition for traditional banks
Efforts to replace existing financial benchmarks, follow from a widespread market manipulation scandal
Asset disposals are likely to slow over the next 12 to 18 months
The guidelines are part of European Union’s fight against money laundering and the financing of terrorism
Manufacturers of financial products must specify a target market of end clients for whom the products are intended
The German and U.K. divisions of Moody’s Investors Service breached rules governing credit rating agencies
The big European global trading and universal banks start reporting results next week
New guidance aims to ensure harmonized implementation of the new regime
Supervisory efforts are bearing fruit, EBA report says