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Docuteria continúa prestando el servicio de vigilancia del portal mediante Alertas

02
Ene
2013

Desde Enero de 2013, el equipo de documentalistas de Docuteria sigue seleccionando los documentos más destacados de Economía, Empresa y Banca, procedentes de las más de 400 fuentes de información especializadas que monitoriza diariamente.

Éste servicio, que cuenta con un excelente nivel de satisfacción por parte de nuestros clientes, y que con tanta ilusión pusimos en marcha en 2008, se prestará a partir ahora únicamente vía Alertas por email.

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The Credit Counseling Industry—Distinguishing between the Reputable and the Less Reputable

CFA
28
Dic
2012
 The nonprofit credit counseling industry was founded on the principle of helping consumers by providing education, counseling, and debt management services. However, competition from for-profit organizations, who do not have such lofty goals, has made it difficult for the consumer to tell the difference between the reputable nonprofit firms and the not-so-reputable for-profit ones.
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Questions and Answers. Prospectuses 18th updated version – December 2012

ESMA
28
Dic
2012
 The Prospectus Directive 2003/71/EC (PD) and the Commission Regulation on Prospectuses (EC No 809/2004) became effective on 1 July 2005. The Prospectus Directive and accompanying Regulation establish a harmonised format for prospectuses in Europe and allow companies to use the same pro-spectus prepared for admitting securities to trading on their home market to admit securities to any number of further European markets without having to re-apply for approval from the local regulator.
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MiFID Supervisory Briefing

ESMA
28
Dic
2012
 ESMA is required to play an active role in building a common supervisory culture by promoting common supervisory approaches and practices. This supervisory briefing has been designed for supervisors as an accessible introduction to the Markets in Financial Instruments Directive (MiFID) suitability rules, and as a useful starting point when deciding on areas of supervisory focus. It summarises the key elements of the rules and ex-plains the associated objectives and outcomes. It also includes indicative questions that supervisors could ask themselves, or a firm, when assessing firms' approaches to the application of the MiFID rules.
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Guidelines on key concepts of the AIFMD

ESMA
28
Dic
2012

 On 23 February 2012, ESMA published a discussion paper on key concepts of the Alternative Investment Fund Managers Directive and types of AIFM (ESMA/2012/117) which covered a number of topics relevant inter alia for the development of the draft regulatory technical standards (RTS) that ESMA shall develop under Article 4(4) of the AIFMD. A separate consultation paper on draft RTS on types of AIFMs (ESMA/2012/844) sets out formal proposals for the draft RTS.

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Commission adopts technical standards for the Regulation on OTC derivatives, central counterparties and trade repositories

Comisión Europea
28
Dic
2012
 The European Commission has today adopted nine regulatory and implementing technical standards to complement the obligations defined under the Regulation on OTC derivatives, central counterparties (CCPs) and trade repositories (the so-called European Markets Infrastructure Regulation - EMIR) which was adopted on 4 July and entered into force on 16 August 2012 (see MEMO/12/232). They were developed by the European Supervisory Authorities and have been endorsed by the European Commission without modification. The adoption of these technical standards finalises requirements for the mandatory clearing and reporting of transactions, in line with the EU's G20 commitment made in Pittsburgh in September 2009.
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El FROB instrumenta la recapitalización de todas las entidades del Grupo 1

Banco de España
27
Dic
2012
 La Comisión Rectora del Fondo de Reestructuración Ordenada Bancaria (FROB) ha adoptado los acuerdos necesarios, sometidos a la no oposición del Ministerio de Hacienda y Administraciones Públicas, para finalizar la recapitalización de las cuatro entidades participadas mayoritariamente por el FROB -BFA-Bankia, NCG Banco, Catalunya Banc y Banco de Valencia- mediante las correspondientes resoluciones para la inyección de fondos, según lo establecido en los planes de reestructuración/resolución aprobados el pasado 27 de noviembre por las autoridades españolas y el 28 de noviembre por la Comisión Europea.
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Aprobados los planes de recapitalización de todas las entidades que requieren inyecciones de recursos públicos

Banco de España
27
Dic
2012
 La Comisión Europea ha anunciado la aprobación de los planes de reestructuración de las entidades integrantes del denominado Grupo 2 -Caja3, Banco Mare Nostrum, Banco Ceiss y Liberbank- tras la aprobación de los mismos el miércoles por el Banco de España.
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Why is the Greek economy collapsing? A simple tale of high multipliers and low exports

CEPS
27
Dic
2012
 In an attempt to understand why the Greek economy is collapsing, this Commentary points out two key aspects that are often overlooked - the country's large multiplier and a bad export performance. When combined with the need for a large fiscal adjustment, these factors help explain how fiscal consolidation in Greece has been associated with such a large drop in GDP.
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Towards a Eurasian Economic Union: The challenge of integration and unity

BIS
27
Dic
2012
 In the lead-up to the creation of a Eurasian Economic Union in 2015, the Customs Union and the Common Economic Space between Russia, Belarus and Kazakhstan represent two elements of the most ambitious regional integration project launched in the post-Soviet era since 1991.
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Informe Económico Financiero - Diciembre 2012

AEB
27
Dic
2012
 Transcurrido un lustro desde el desencadenamiento de la crisis financiera internacional que diera paso a la gran recesión, la situación dista de haberse despejado. Ante la persistencia de fuertes tensiones y el nuevo retroceso de la actividad en la Eurozona, las autoridades han adoptado importantes decisiones. Así, el BCE ha dado un giro a su política al asumir la adquisición ilimitada de deuda soberana en el mercado secundario de los países que previamente soliciten ayuda financiera al Eurogrupo.
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Heterogeneity and cross-country spillovers in macroeconomic-financial linkages

Banco de España
27
Dic
2012
 We investigate heterogeneity and spillovers in macro-financial linkages across developed economies, with a particular emphasis on the most recent recession. A panel Bayesian VAR model including real and financial variables identifi es a statistically significant common component, which proves to be very signifi cant during the most recent recession.
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IT in banks: What does it cost? High IT costs call for an eye on efficiency

Deutsche Bank Research
26
Dic
2012
 Financial services firms will spend between USD 270 billion and USD 460 billion on IT in 2013 globally. IT cost figures in banking are estimates and differ substantially between different sources.
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Disclosure in the Mortgage Market

CFA
26
Dic
2012

 Purchasing a home is perhaps the single most important financial decision a household will make. What must every consumer know in order to make the right housing decision? For example, what factors should individuals take into account to decide whether and when to buy a house? When they are ready to purchase a home, how should they choose among the myriad of available mortgage products?

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Panel Discussion on Consumer Finance

CFA
26
Dic
2012
 Financial educators help consumers gain the necessary knowledge to cope with numerous financial decisions, whereas financial advisers directly assist consumers in making those decisions. Financial regulators ensure that the provision of consumer finance is transparent, fair, and suitable. What is the core set of financial knowledge that financial educators, advisers, and regulators should possess to best assist consumers in financial decision making?
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Update on supervisory reporting requirements for liquidity and leverage ratio

EBA
24
Dic
2012
 The EBA publishes feedback documents and amended templates following the consultations on Draft Implementing Technical Standards (ITS) on supervisory requirements for (i) liquidity coverage and stable funding and (ii) leverage ratio. These documents provide the current position of the Authority regarding the supervisory requirements for liquidity and leverage ratio reporting.
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London's finances and revenues

Oxford Economics
24
Dic
2012
 This report updates and extends Oxford Economics previous work, London's Competitive Place in the UK and Global Economies, last published January 2011. Oxford Economics analyse the tax revenues generated within London's economy from 1999/00 to 2025/26, as well as the demands for expenditure that the London area makes upon the public purse.
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Propuesta de Reglamento del Consejo que atribuye funciones específicas al Banco Central Europeo en lo que respecta a las medidas relativas a la supervisión prudencial de las entidades de crédito

Consejo de la UE
24
Dic
2012
 Propuesta de Reglamento del Consejo que atribuye funciones específicas al Banco Central Europeo en lo que respecta a las medidas relativas a la supervisión prudencial de las entidades de crédito.
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The future of (mobile) pay-ments

Deutsche Bank Research
24
Dic
2012
 For a number of years the financial sector has been coming under increasing pressure in one of its core business segments: accounts and payments. The rapid developments in technological and web-based applications and products are confronting traditional banks with major challenges. Because of the increas-ing regulatory obligations as well as cost pressure mounting many banks are at risk of becoming less innovative.
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An overview of the alternative industry’s preparedness for AIFMD

KPMG
21
Dic
2012
 In this paper, KPMG explains why this is the ‘last boarding call' for fund managers to prepare for the Directive and that delaying any longer can translate into significant negative impacts on their operations, fundraising activities and long-term profitability.
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La financiación complementaria y la respuesta de la economía social: la situación del “des-crédito” bajo la crisis financiera

UCM
21
Dic
2012
 Monográfico de REVESCO sobre la financiación complementaria y la respuesta de la economía social: la situación del "des-crédito" bajo la crisis financiera.
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Observations on Financial Education and Consumer Financial Protection

CFA
21
Dic
2012
 As we create the next generation of consumer financial and retirement plan services, we must develop truly effective ways to make consumers "smarter" about their retirement. Becoming smarter, however, does not necessarily mean more education. Intelligent product design and oversight can be an effective substitute for consumer financial education.
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Life-Cycle Investing: Financial Education and Consumer Protection

CFA
21
Dic
2012
 Third in the series of Boston University-sponsored conferences titled "The Future of Life-Cycle Saving and Investing," the May 2011 conference again brought together academic researchers, educators, advisers, and regulators.
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In the Headlines 12

KPMG
21
Dic
2012
 Nuevo número de nuestra publicación In the Headlines sobre normativa NIIF, dedicada al proyecto de norma en el que se proponen modificaciones limitadas a la NIIF 9 (2010) Instrumentos financieros sobre la clasificación y valoración de activos financieros y pasivos financieros.
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Actividad hipotecaria de octubre. Cierre de ejercicio 2012 y previsiones 2013

AHE
21
Dic
2012
 Al cierre de 2012, se cumplen cinco años desde el inicio de la crisis durante los cuales tanto la economía española como su sistema financiero y mercado inmobiliario han sufrido un ajuste muy severo en sus niveles de actividad, así como una pérdida creciente de confianza en sus posibilidades de crecimiento futuro. El mercado hipotecario no ha sido una excepción y los datos facilitados hasta ahora por el Banco de
España
para 2012 reflejan una intensificación en la caída del crédito hipotecario y en el deterioro de los indicadores de solvencia de los agentes.
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