Governance

With one week to go today Azad Zangana, European Economist, Schroders provides his latest economic insight into the Scottish Referendum.

The recent failure and bail-in of African Bank Limited is isolated and any contagion to the large South African banks is likely to be limited, Fitch Ratings says. It does not change our view of the credit profiles of the largest five banks, so there are no rating changes.

According to Daniel Isidori, fund manager at Threadneedle Investments, the Brazilian companies most affected by the upcoming election are state owned and rather than taking exposure to all of them, he suggests to have a small overweight in the energy giant Petrobras...

The European Securities and Markets Authority (ESMA) has approved the registration of EuroRating Sp. z o.o., based in Poland, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 7 May 2014.

The European Securities and Markets Authority (ESMA) has launched a consultation on draft Regulatory Technical Standards (RTS) under the revised Transparency Directive relating to the notification of major shareholdings and the indicative list of financial instruments subject to notification requirements. The consultation runs until 30 May 2014.