The Netherlands Authority for Financial Markets (AFM) is conducting further investigation into the handling of unusual transactions by investment institutions. Earlier this year, the AFM stated that investment institutions are failing in this area. Six investment institutions and companies will be examined in this study. It will be examined whether, for example, whether transaction profiles are defined for customers and whether unusual transactions are notified. These checks are mandatory because of the Money Laundering and Terrorist Financing Prevention Act (Wwft).
Employers organizations VNO-NCW and MKB-Nederland have informed the Dutch cabinet to be cautious with the reviewing of the Corona measures, these stimulus package should not be reduced substantially as many companies are expected to suffer if support measures are abolished or reduced substantially. The cabinet is consulting intensively on how to proceed, according to Wouter Koolmees, Minister of Social Affairs. The new aid package, which will start in October after the current schemes expire, will cover a period of 9 months.
Hurricane Laura will be one of the worst hurricanes ever that will reach the Gulf of Mexico. The hurricane will make landfall on Thursday morning, local time. The hurricane is expected to cause damages of USD 25 billion. According to Bloomberg news agency, the storm will reach speeds of 145 miles per hour, which is considered “extremely dangerous”. This means that the hurricane has been scaled up to category 4. Reuters news agency reports that approximately 620,000 people were evacuated on Wednesday.
The 6M Euribor is unchanged at -0.44% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.16% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
Managed by Sluijmer Multimedia and hosted by True.