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The geopolitics of European financial markets - speech by Rolf Strauch
Rolf Strauch, ESM Chief Economist
“The geopolitics of European financial markets”
Pensions & Investments World Pension Summit
Online, 19 October 2020

 

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Good afternoon. I would like to start with a brief overview of the current economic situation and outlook.
 

The ESM mandates Bank of America, NatWest Markets and UniCredit to manage its upcoming new EUR 4yr benchmark

Today ESM, the European Stability Mechanism rated AAA (S&P) /Aa1 (Moody's) /AAA (Fitch) has mandated Bank of America Securities, NatWest Markets and UniCredit to joint lead manage its upcoming new EUR 4yr benchmark. No further group.
Joint Bookrunners will be paid a fee in connection to the transaction. FCA/ICMA stabilisation.
The manufacturer target markets (MIFID II product governance) as assessed by the lead managers are eligible counterparties and professional clients (all distribution channels).

Nicoletta Mascher at EUI-FSB webinar
Rolf Strauch at Atlantic Council
Paolo Fioretti at Cyprus Economic Society
Klaus Regling at UniCredit European Conference
Rolf Strauch at P&I World Pension Summit
ESM announces upcoming 6 month bill auction

The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 2 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 19 October 2020
Bidding period: Tuesday, 20 October 2020, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 22 October 2020

 

ESM appoints Anabela Reis as Deputy Head of Communications today and as Acting Head of Communications starting 1 January 2021

The ESM has appointed Anabela Reis as Deputy Head of Communications and Deputy Chief Spokesperson. The appointment is effective today. On 1 January 2021, Ms Reis will become Acting Head of Communications and Acting Chief Spokesperson. The current Head of Communications and Chief Spokesperson, Wolfgang Proissl, will leave the ESM after over eight years in that role to become Director General Communications at the European Central Bank (ECB) on 1 January 2021.