Officials at the European Central Bank (ECB) report that they are making progress in laying the foundation for “the potential issuance of a digital euro.” This comes via a third progress report on the preparation phase of a digital euro, which was launched Nov. 1, 2023. The digital euro project is a collaborative effort involving… Read More >>
Euro Regs Top Concern for Boutique Asset Managers
The number-one concern among 110 boutique asset managers, nearly 90 percent of whom are doing business in European markets, is market regulation. That concern was cited by 68 percent of managers polled in a survey conducted by the Tabb Group for SunGard. By comparison, just 17 percent cited regulations first in a similar 2013 survey…. Read More >>
Greek Default Could Cause Back-Office Nightmares
The specter of an impending Greek default and subsequent exit from the Eurozone that was raised over the weekend unsurprisingly has traders and politicians on the edge of their seats, but a default could mean plenty of pain for the back-office too, industry observers say. “I think it will rank somewhere between a bad dream… Read More >>
