The European Central Bank and the Bank of England said regulators must support and promote the asset-backed bond market, ensuring that rules to safeguard the financial system don’t unnecessarily impair the securities’ use.
Taiwan’s dollar was headed for its biggest weekly advance in 19 months as foreign investors boosted holdings of local stocks and minutes of the Federal Reserve’s last policy meeting weakened the greenback.
Fidelity Investments, the second- largest mutual fund company, is exploring the creation of a U.S. stock trading venue along with other investors to address perceived flaws in the $23 trillion U.S. equity market.
Taiwan dollar forwards headed for the biggest three-day advance since July as the Federal Reserve eased concern it may raise interest rates earlier than anticipated, boosting the appeal of emerging-market assets.
Taiwan’s five-year bonds rose as U.S. jobs data that missed estimates eased concern the Federal Reserve will raise interest rates sooner than analysts expect, a move that would prompt Asian central banks to follow suit.
Taiwan’s dollar posted its biggest weekly advance since August after global investors increased purchases of the island’s equities, and as currency gains in South Korea and China reduced the case for intervention.