News Centre

European Commission Welcomes Eurogroup Agreement On A Three-Year ESM Stability Support Programme For Greece

Date 15/08/2015

New loans of up to 86 bn EUR will be made available over the next three years to Greece by the European Stability Mechanism (ESM) - Europe's firewall established in 2012 in response to the global financial crisis. Following weeks of intense negotiations in Athens and Brussels, this is the result of the agreement given today by the Ministers of Finance of the Eurozone to corresponding proposals submitted by the European Commission yesterday.

Statement By IMF Managing Director Christine Lagarde On Greece

Date 14/08/2015

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today:

“The policy package specified in the Memorandum of Understanding (MoU) recently agreed between the Greek authorities and European institutions, with input from Fund staff, is a very important step forward. It not only reverses much of the policy backtracking that caused the previous program to run seriously off track, but puts in place wide-ranging policies to restore fiscal sustainability, financial sector stability, and a return to sustainable growth. I particularly welcome the authorities’ efforts to overcome the serious loss of confidence in recent months through strong upfront actions. Most of these actions have been fully specified in the MoU, and key measures including in the fiscal structural areas will be implemented as prior actions for the disbursement of the first European Stability Mechanism (ESM) tranche."

BATS 1000 Index Rises 1.0% This Week

Date 14/08/2015

BATS Global Markets (BATS), a leading operator of exchanges and services for financial markets globally, reports the BATS 1000® Index (Ticker: BATSK) advanced 235.16 points to close at 22,738.01, up 1.0% over last week’s close.

Eurogroup Statement On The ESM Programme For Greece

Date 14/08/2015

The Eurogroup welcomes the agreement that has been reached between Greece and the European Institutions, with input from the IMF, on the policy conditionality underlying the new ESM macroeconomic adjustment programme. The Eurogroup commends the Greek authorities for their demonstrated strong commitment as shown by the normalisation of the working methods with the Institutions and the conduct of the negotiations in a determined and swift manner. This agreement is in line with the parameters and key objectives set by the Euro summit on 12 July and provides a comprehensive framework for restoring the Greek economy to a sustainable path. 

Ontario Securities Commission Appoints Grant Vingoe As Vice-Chair

Date 14/08/2015

Ontario Securities Commission (OSC) Chair Howard Wetston today announced the appointment of D. Grant Vingoe as Vice-Chair to the OSC for a two year term, effective August 12, 2015.

CFTC Commitments Of Traders Reports Update

Date 14/08/2015

The current reports for the week of August 11, 2015 are now available.

The MiG Report - Toronto Stock Exchange And TSX Venture Exchange

Date 14/08/2015

Please click here for the July 2015 MiG Report. 

Nigerian Stock Exchange Weekly Report For Week Ending 14 August 2015

Date 14/08/2015

A turnover of 1.357 billion shares worth N12.475 billion in 17,867 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 2.382 billion shares valued at N18.989 billion that exchanged hands last week in 19,769 deals.

FIA Statement On CFTC Commissioner Mark Wetjen’s Resignation

Date 14/08/2015

FIA President and CEO Walt Lukken released the following statement in response to CFTC Commissioner Mark Wetjen’s announcement that he would retire from the Commission on August 28, 2015.   

EBA Publishes Technical Advice On Protected Arrangements In A Resolution Situation

Date 14/08/2015

The European Banking Authority (EBA) issued today its Opinion on how to define what arrangements should be protected in a partial property transfer in resolution. The Opinion ensures full protection of well-established sources of refinancing such as secured debt, including securities lending and covered bonds, and of means of risk mitigation. The Opinion is issued today in response to a request for advice from the European Commission and it will inform its delegated acts on the classes of arrangements to be protected in a partial transfer of the property of a bank under resolution.