News Centre

SEC Charges Bank Holding Company In Delaware With Improper Accounting And Disclosure Of Past Due Loans

Date 11/09/2014

The Securities and Exchange Commission today announced accounting and disclosure fraud charges against a Delaware-based bank holding company for failing to report the true volume of its loans at least 90 days past due as they substantially increased in number during the financial crisis.

ESMA Announces Open Hearing On CRAs - Periodic Information To Be Submitted To ESMA

Date 11/09/2014

The European Securities and Markets Authority (ESMA) will hold an open hearing on the issues raised in the recently published Consultation paper on periodic information to be submitted to ESMA by Credit Rating Agencies.

UK's Financial Conduct Authority Secures Pre-Trial Injunctions And Freezing Orders To Protect Consumers From Unauthorised Clone

Date 11/09/2014

The FCA has commenced civil proceedings because it is concerned that individuals purporting to be Joh. Berenberg, Gossler & Co. KG have carried on regulated activities in breach of the Financial Services and Markets Act 2000 by acting without authorisation.

Oman Crude Oil Futures Contract (DME Oman) Traded At 26-Month Low

Date 11/09/2014

DME, the Middle East's premier international energy futures and commodities exchange, reported that its flagship Oman Crude Oil Futures Contract (DME Oman) contract sunk to a 26-month low with Thursday's settlement price the weakest since July 2012.

Donald Kohn, Senior Fellow, Brookings Institution, External Member Of The Financial Policy Committee, Bank of England – Remarks To The British Bankers Association Strategy Group

Date 11/09/2014

In remarks to the BBA on 10 September, published on Thursday, Don Kohn, external member of the Bank of England’s Financial Policy Committee, explains the role of the FPC and its approach to building resilience in the financial system and enhancing transparency in banking. He also discusses the potential risks to financial stability that may arise as central banks exit from unconventional monetary policy.

Tullett Prebon And Parthian Partners Sign Exclusive Joint Venture In Nigeria - Tullett Prebon Expands Coverage Into Sub-Saharan Africa - Partnership Provides Access To The Nigerian Capital Markets

Date 11/09/2014

Tullett Prebon, one of the world’s largest interdealer brokers, has established a joint venture with Parthian Partners, a Nigerian-based interdealer broker, as part of its continued expansion throughout the African continent. Tullett Prebon’s clients gain a route into the growing Nigerian market with exclusive access to Parthian Partners’ client base of domestic banks and discount houses. In return, Parthian Partners’ domestic clients will benefit from Tullett Prebon’s global brokerage services and connections into the global investment community. The partnership will enhance liquidity in Naira-denominated bonds and bills for the clients of both Tullett Prebon and Parthian Partners.

August 2014: Lower Trading Activity - The Statistical Monthly Report Contains The Latest Trade And Turnover Figures For SIX Swiss Exchange

Date 11/09/2014

In the month of August, trading turnover on SIX Swiss Exchange amounted to CHF 76'130 million. This represents a decline compared to the previous month of 15.4%. Since the beginning of the year however, turnover rose by 7.0% to CHF 741'221 million compared to the same period in the previous year. Trading activity was also lower than in July 2014. The number of trades in August amounted to 2'852'520 (-14.9%). However, a total of 25'090'618 transactions since the beginning of the year corresponds to an increase of 7.1% over 2013.

Xetra/Börse Frankfurt: Two New PowerShares ETFs Launched On Xetra - ETFs Based On Agricultural Companies And FTSE RAFI All-World 3000 Index

Date 11/09/2014

Two new equity index funds from the ETF offering issued by PowerShares Global Funds have been tradable in the XTF segment on Xetra since Thursday.  

Merrill Lynch Equities (Australia) Limited Pays $96,000 Infringement Notice Penalty

Date 11/09/2014

Merrill Lynch Equities (Australia) Limited (Merrill Lynch) has paid a total penalty of $96,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). 

Keynote Speech By Mario Draghi, President Of The ECB, Eurofi Financial Forum, Milan, 11 September 2014

Date 11/09/2014

Summary

We are facing a set of conditions – low growth and low inflation, high debt and high unemployment – that can only be addressed by concerted action on both the demand and supply sides of the economy. This requires that all actors – both at national and European levels – play their parts in line with their respective mandate as laid down in the EU Treaties.