Friday, November 24 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 3 hours 36 min ago
The last few days have been filled with important events for the future of Europe, with positive and negative news at the same time, and an outcome that will depend a lot on the negotiations in the coming months.
Weekly economic update focusing on the major economic indicators to be released the week of October 2, 2017. Special topic: natural interest rate
The FOMC announced the start of the balance sheet normalization process to begin in October while maintained the Fed funds rate target range at 1%-1.25%
Highlights: ECB published a guide on materiality assessment for counterparty risk models. ESMA issued RTS on derivatives trading obligation. EBA and US Agencies agreed on cooperation framework for resolution. EBA issued opinion on the design of new prudential framework for investment firms. Finally, US Agencies proposed simplified capital requirements for smaller banks.
We expect Banxico to hold the reference rate at 7.0%
Digital currencies, and more specifically, the so-called cryptocurrencies (currencies issued and administered by decentralised networks using cryptographic protocols), such as Bitcoin, first emerged almost a decade ago.
To paraphrase Francisco de Quevedo, we are people who are glued to our mobiles, and these phones have to be exceptional, with an infinite Internet connection. This image, which can be applied to all information and communications technology (ICT), is especially evident among the young.
Weekly economic update focusing on the major economic indicators to be released the week of September 25, 2017. Special topic: balance sheet normalization
Highlights: The EC issued a proposal to amend the ESAs. The EBA issued a consultation on significant risk transfer in NPL securitisation. ESAs published report with main risks for financial system. ISDA issued a document with recommendations for CPP recovery and resolution. Finally, the BCBS published a FAQ regarding the definition of capital.
FOMC strategy afloat: stable outlook, balance sheet normalization, and realigned expectations