Global X has brought to Nasdaq an exchange-traded fund that invests in companies involved in cloud computing. The Global X Cloud Computing ETF is linked to the Indxx Global Cloud Computing Index. ETF Trends (16 Apr.)
The Bank of England wants banks and insurers to formulate an approach to manage financial risk from climate change and has laid out supervisory expectations on how that should be done, Sarah Breeden, head of international banks supervision, said in a speech. The Guardian (London) (15 Apr.)
Richard Sandor, who helped create interest-rate futures and carbon-emissions trading, has been meeting with small banks to discuss his interest-rate benchmark as a replacement for Libor. Ameribor is meant for regional and community banks and is tied to rates set on Sandor's American Financial Exchange. The Wall Street Journal (tiered subscription model) (16 Apr.)
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