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.
Sixteen states have filed a lawsuit alleging President Donald Trump's emergency declaration aimed at providing money to build a wall along the US-Mexican border is unconstitutional. The states said diverting money from other programs will harm their economies, prevent upgrades of military bases and damage drug-fighting efforts. The Associated Press (19 Feb.)
Postponement of Brexit to after the European Parliament election in May is an option that can't be ruled out, European Commission President Jean-Claude Juncker says. "If such a request were to be made [by the UK], no one in Europe would oppose it," he says. Politico (18 Feb.)
The European Securities and Markets Authority says it will immediately let LCH, ICE Clear Europe and LME Clear provide services in the EU if a no-deal Brexit occurs. Financial News (UK) (subscription required) (18 Feb.)
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