Monday, October 23

ByKevin Sheekey

Bonjour from Paris, where Mike Bloomberg convened mayors from around the world to share ideas on public sector innovation and work together to deliver on the goals of the Paris climate agreement.   

Tomorrow, I’ll write from London where Norman Foster and London Mayor Sadiq Khan will join Mike to unveil our incredible new building which features a nearly 2,000 year-old Roman temple that we’ve reassembled and will be open to the public starting in November.  Bloomberg’s New London Home (Axios)


Most Emailed on the Terminal:
JPMorgan Taps AI Startup to Help Traders Predict Market Moves (Bloomberg)


As part of MiFID II, tens of thousands of investors and traders will be forced to hand over personal information such as passport numbers to every venue they trade on. Trade in Europe? Be Prepared to Hand Over Your Passport Number (Bloomberg)


Don’t book your holiday trip yet: EU regulators have yet to make key decisions around MiFID rules, adding further confusion for the buyside and sellside. Christmas Plans Face Ruin for Finance Industry as MiFID II Looms (Bloomberg)


In another EU regulation starting in January that will likely hit bank revenues, the Payments Services Directive (or PSD2) will require lenders in the EU to provide rival firms with access to their customers’ accounts and data.  European Banks Will Have to Share Data With Their Rivals (Bloomberg)


Facebook’s fastest-growing markets are in the developing world, where the problem of fake news is even more complicated and dangerous.  In countries like Myanmar, India and Indonesia, the platform is being used to sow violence and sustain repressive regimes. Think the US Has a Facebook Problem? Look to Asia (Bloomberg View)

Tweets of the day:

@MikeBloomberg: Great to have mayors from around the world at our 5th Mayors Innovation Studio to collaborate & spread solutions for better government. 


@AlisonStewart: “Cities have problems but cities also offer solutions.” Michael Bloomberg’s opening remarks at #CityLabParis 


@JimOnCities:  “There is no Planet B.” – Anne Hidalgo at the Mayors Innovation Studio / #togetherforclimate #CityLabParis