Jim Allen, CFA, Americas head of capital markets policy for CFA Institute, previews how CFA Institute will respond to the Financial Stability Oversight Council’s (FSOC) calls for comments on whether asset management products and activities pose a systemic risk. He also previews Congress’ policy agenda, including whether we’ll see more bipartisan collaboration on financial policy issues.
The French government is considering the possibility of the EU's compensating European companies harmed by US sanctions on Iran, said France's finance minister, Bruno Le Maire. The US will not be allowed to be "the economic policeman of the world," he said. Reuters (20 May.)
Policymakers are closely observing the spreads on Italian government bonds, which have been widening as two populist political parties get closer to forming a coalition government, said European Central Bank Vice President Vitor Constancio. The parties have said they will cut taxes and increase spending for the poor. BloombergQuint (India) (19 May.)
The euroskeptic Five Star Movement and the right-wing League in Italy said they have agreed on a policy agenda and will form a coalition, ending an 11-week standoff that has left the country without a government. They said they have agreed on a "balanced name" to serve as prime minister but declined to identify the person until President Sergio Mattarella has been informed. Reuters (20 May.)
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