Hello everyone,
An Headlink-Partners selection of articles (in English and in French) from last week on Capital Markets, Asset Management and more.
Enjoy!
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Capital Market
- The robots are coming for Wall Street (Very good example of disruption on Financial Analysis. Between a third and a half of the current employees in finance will lose their jobs to automation software)
- Deutsche Bank: les départs de hedge funds provoquent une nouvelle poussée de fièvre (pression maximale sur l’établissement, une nouvelle restructuration est inévitable)
- Aux Etats-Unis, la Fed demande davantage de capitaux propres pour les grandes banques (un nouveau coussin de capital pour les banques systémiques, calculé en fonction des résultats des stress tests annuels)
- Deutsche, Barclays and Crédit Suisse face billions in fines before the US election
- Brexit: CEOs make plans to leave Britain
Asset Management and Private banking
- Robots are better investors than people (the key reason: robots are not fooled by their emotions when a market dip occurs)
- Returns vary widely for robo-advisors with similar risks (the lack of benchmarks and transparent trackrecords for such services is alway disturbing. This study based on real time conditions is quite interesting)
- La gestion britannique s’inquiète de l’impact du Brexit (en cas de « hard Brexit », une fuite massive vers l’Irlande ou l’Europe continentale est à anticiper)
- Outflows from European Equity funds approach $100bn
- Ex-BlackRock star manager charged with insider trading charges (and with MAD/MAR and MiFID II, such charges will occur more frequently)
- Les nouveaux défis de la banque privée (la nouvelle donne de MiFID II sur les rétrocessions risque de remettre en cause le business model traditionnel)
Digital and Fintechs
- UBS to build blockchain-based Trade Finance system (First tests show settlement periods dropped from 1 week to 1 hour. Nice but is it possible to extend the proof of concept?)
- UBS chief suggests extension of regulation to Fintech (knowing the complexity and the cost of regulation, it is the best way to stop the extension of Fintechs)
- En 10 ans, les journaux américains ont licencié 25 000 journalistes et les sites web embauché 7000 (Avant goût de ce qui attend d’autres secteurs à la veille d’une disruption majeure ?)