President Donald Trump has tweeted a requirement for publicly traded companies to release financial results quarterly should be changed to semiannually. The Securities and Exchange Commission is studying reporting requirements, Chairman Jay Clayton says.
Federal Reserve Chairman Jerome Powell, in his address at Jackson Hole, Wyo., this week, might address how the Fed plans to handle potential economic trouble spots. Other topics expected to be discussed include the size of central bank balance sheets and how global events affect various central banks' economic policies.
An obstacle to global adoption of legal entity identifiers is US regulators' refusal to do more than to recommend adoption, rather than mandating it, Neil Roland writes. This is despite a call on regulators from the US Office of Financial Research to require LEI adoption.
The majority of economists responding to a Bloomberg survey expect the Bank of England to raise interest rates twice next year, to 1.25%. Brexit is a challenge but should not deliver "a big shock" to the British economy, Investec economist Victoria Clarke says.
Deutsche Bank has offered to buy bonds of commodity trader Noble Group. A shareholder vote on a restructuring plan for Noble is scheduled 27 August.
Fears are mounting Italy is on the verge of a fresh crisis as its coalition government emits mixed messages on whether it will maintain fiscal discipline or will call on the European Central Bank to support electoral promises for spending. Giancarlo Giorgetti, Italian Cabinet undersecretary, says the ECB should extend quantitative easing and buy Italian bonds.
A European Central Bank plan to normalise monetary policy is on track, says Jens Weidmann, president of Germany's Bundesbank. The ECB aims to end bond buying by year-end, clearing the way for gradual interest-rate increases, Weidmann says, and a forecast of 1.7% inflation in 2020 is in line with stability targets.
The UK Financial Conduct Authority is investigating a whistleblower's claim Goldman Sachs has breached reporting requirements under Europe's revised Markets in Financial Instruments Directive, sources say. Goldman reportedly is accused of submitting a large volume of potentially misleading data.
Chinese GDP will be largely unaffected by US trade tensions because the government will make every effort to ensure growth, Peking University finance professor Michael Pettis writes. However, the government's long-term determination to control debt might force it to lower GDP targets.
Financial-technology firms that seek relationships with established banks and financial-services companies must be familiar with existing regulations, says Thomas Zeeb, head of securities and exchanges at SIX Group. There are "so many great ideas in the fintech space", Zeeb says, but proponents often fall short when questioned about regulatory details.
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