The EU’s Securities Financing Transactions Regulation will require disclosure to clients and authorities of those activities, and also force intermediaries to obtain consent if they want to use a security as collateral in a trade that involves a change of ownership. Source: Bloomberg
The European Union will seek Asian support for free trade, the Iran nuclear deal and combating global warming at a regional summit on Thursday that includes China, Japan and Russia as a counterbalance to a more protectionist United States. Source: Reuters
(old article we missed) Spanish Prime Minister Pedro Sánchez was booed on Friday during his first October 12 military parade since he took office in June. When the convoy of official cars in which the politician was traveling made its way down the Castellana boulevard in central Madrid, thousands of people began to jeer and whistle at him. Source El Pais
Yesterday, the Hungarian central bank announced it recently boosted its gold reserves 10-fold. According to its website, the National Bank of Hungary (MNB) now owns 31.5 tons of gold, up from 3.1 tons. It was the first significant purchase of gold by Hungary since 1986. Shiff Gold
