News Centre

Egyptian Exchange Market Holiday - Eid El Fitr

Date 24/07/2014

EGX decided that Eid El Fitr vacation will start from Monday 28 July 014 till Wednesday 30 July 2014. Trading will be resumed effective Thursday 31 July 2014.

Statement From BGC Partners Regarding Recent Stock Transactions

Date 24/07/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today released the following statement.

On July 21, 2014, BGC and/or its affiliates completed certain transactions involving Cantor Fitzgerald, L.P. ("CFLP" or "Cantor.") A Form 4 was filed yesterday with the SEC that describes these purchases in detail. These transactions also triggered related filings on Form 4 by BGC's Chairman and Chief Executive Officer, Howard W. Lutnick and an affiliate to report beneficial ownership, although the transactions were not conducted by Mr. Lutnick personally.

SEC Announces Additional Charges In Football-Related Boiler Room Scheme - U.S. Attorney’s Offices In Miami And Los Angeles Announce Parallel Actions

Date 24/07/2014

The Securities and Exchange Commission today announced a second round of charges against individuals behind a boiler room scheme that hyped a company whose new technology was purportedly Super Bowl-bound.

Deutsche Boerse Half-Yearly Financial Report - Quarter 2/2014

Date 24/07/2014

Click here to download Deutsche Boerse's half-yearly financial report.

Deutsche Börse AG Publishes Results For Q2/2014 - Net Revenue Of €488 Million - Operating Costs Of €249 Million Excluding Exceptional Items - Adjusted Earnings Per Share Of €0.90 - Net Revenue And Adjusted Earnings Per Share In The First Half Slightly Up On The Previous Year

Date 24/07/2014

EBA Publishes Peer Review On The Implementation Of Credit Concentration Risk Guidelines

Date 24/07/2014

The European Banking Authority (EBA) published today a peer review on the implementation of its guidelines on the management of concentration risk under the supervisory review process (SREP).The report shows that National Competent Authorities (NCAs) largely comply with the assessed guidelines (GL31) and credit concentration risk forms an integral part of NCAs' risk assessment system.

Statement From The Office Of The Attorney General Of New York On Lawsuit Against Barclays

Date 24/07/2014

The following statement was issued today by Damien LaVera, Communications Director for Attorney General Eric T. Schneiderman:

“The complaint filed last month by Attorney General Schneiderman clearly details the allegations that Barclays engaged in a persistent pattern of fraud and deceit, lying to its investors in order to grow its own dark pool. The Attorney General is committed to ensuring there is one set of rules for everyone in the markets, and will crack down on abuses wherever he sees them. We are confident that a judge will reject this motion and allow us to prove these disturbing allegations in Court.” 

EBA, ESMA And EIOPA Consult On Technical Standards For Financial Conglomerates Risk Concentration And Intra-Group Transactions

Date 24/07/2014

The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) launched today a consultation on draft Regulatory Technical Standards (RTS) on risk concentration and intra-group transactions within financial conglomerates. The technical standards aim at enhancing supervisory consistency in the application of the Financial Conglomerates Directive (FICOD). The consultation runs until 24 October 2014.

Morgan Stanley To Pay $275 Million For Misleading Investors In Subprime RMBS Offerings

Date 24/07/2014

The Securities and Exchange Commission today charged three Morgan Stanley entities with misleading investors in a pair of residential mortgage-backed securities (RMBS) securitizations that the firms underwrote, sponsored, and issued.

UK's Prudential Regulation Authority Consults On Implementing The Bank Recovery And Resolution Directive

Date 24/07/2014

The Prudential Regulation Authority (PRA) has today proposed changes to its rules to implement the EU Bank Recovery and Resolution Directive (BRRD). The BRRD provides a common set of tools and powers for dealing with failing banks and will take effect at the end of 2014.