|Bid||0.00 x 47300|
|Ask||0.00 x 7000|
|Day's Range||3,730.00 - 3,762.00|
|52 Week Range||2,274.00 - 3,779.00|
|PE Ratio (TTM)||88.10|
|Dividend & Yield||0.53 (1.19%)|
|1y Target Est||N/A|
The European Central Bank has called for greater legal powers over central counterparty clearinghouses operating from third-country regimes, echoing support for European Commission proposals that could require the most systemically important CCPs to relocate in the EU. The amendment, which follows proposed changes to the European Market Infrastructure Directive that would enhance third-country oversight and enable ESMA to force CCPs to move some euro clearing activities onshore, is subject to approval by the European Parliament and European Council.
British and European Union banks need a new system to let them do business with each other after Brexit to avoid splitting markets, Britain's finance minister Philip Hammond said on Tuesday. Britain, the EU's biggest financial market, is leaving the bloc in 2019, raising the prospect of an abrupt cut in cross-border links without a new trade deal. Hammond said Britain's Brexit negotiations with the EU would take a "pragmatic approach" to financial services and how they are supervised.
Silvana Tenreyro, a Harvard-educated economist who lectures at the London School of Economics, will replace Kristin Forbes on the Bank of England’s Monetary Policy Committee.