Sandy Peters, CFA, is head of financial reporting policy and serves as spokesperson for CFA Institute to key financial reporting standard setters including the IASB, FASB, and the US Securities and Exchange Commission. She holds the Certified Public Accountant (CPA) designation.
Allianz Investment Management has brought to the New York Stock Exchange two exchange-traded funds that give exposure to the S&P 500 Price Return Index. The AllianzIM US Large Cap Buffer10 Jul ETF and the AllianzIM US Large Cap Buffer20 Jul ETF cap losses at 10% and 20%, respectively. ETF (01 Jul.)
Bank of England Governor Andrew Bailey has written to finance leaders detailing challenges that will follow if the UK adopts negative interest rates. Bailey says the move would be "a significant operational undertaking" that requires firms to update systems, amend contracts and communicate the issue to clients. The Sunday Times (London) (tiered subscription model) (05 Jul.)
Deutsche Bank is working with regulators on a rescue of Wirecard Bank, which held €1.9 trillion in assets last year and is not involved with parent Wirecard's insolvency proceedings. Financial Times (subscription required) (02 Jul.)
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