News Centre

European Parliament : Small Investors To Be Shielded Against Reckless Risk Taking By Investment Funds

Date 03/07/2013

Small investors should be better protected against investment funds that take excessive or unnecessary risks with their money, thanks to a draft law approved by a show of hands on Wednesday. The law clarifies who is liable for mismanagement of funds and tailors fund managers' remuneration rules to encourage them to take reasonable risks and a long-run view.

ADX Appoints Assistant Chief Executive

Date 03/07/2013

Abu Dhabi Securities Exchange (ADX) announced the appointment of Mr. Abdul Aziz Al Neaimi as Assistant Chief Executive for Support Services at the exchange. 

EEX Trading Results In June

Date 03/07/2013

In June 2013, the total volume traded in power derivatives on the European Energy Exchange (EEX) amounted to 91.8 TWh compared to 83.2 TWh in June 2012. The Power Derivatives Market volume contained 47.0 TWh from OTC clearing.

European Parliament - Financial Transaction Tax: Wide Scope And Attention To Pension Funds And SMEs

Date 03/07/2013

Parliament kept up the pressure on Wednesday for a comprehensive financial transaction tax in 11 EU countries with a wide scope and rates of 0.1% for trades in stocks and bonds and 0.01% for those in derivatives. Lower rates should apply until 1 January 2017 for trades in sovereign bonds and pension fund industry trades. Finally, a new legal ownership principle was inserted to make tax avoidance more costly.

Global Systemically Important Banks: Updated Assessment Methodology And The Higher Loss Absorbency Requirement

Date 03/07/2013

The framework text sets out the Basel Committee's methodology for assessing and identifying global systemically important banks (G-SIBs). It also describes the additional loss absorbency requirements that will apply to G-SIBs, the phase-in arrangements for these requirements and the disclosures that banks above a certain size are required to make to enable the framework to operate on the basis of publically available information.

Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services - Personnel Changes - Securities And Exchange Surveillance Commission

Date 03/07/2013

At today’s (Friday, June 28, 2013, from 10:05 am to 10:35 am) Cabinet meeting the Cabinet approved changes in senior officials at the Ministry of Finance and the Financial Services Agency, and I would like to take this opportunity to inform you of the main changes.

Dubai Financial Market Performance – June 2013

Date 03/07/2013

The Dubai Financial Market General Index down 6.1% to 2222.6 points at the end of June compared to 2366.8 points at the end of May. At the sectoral level, indexes of six out of the nine sectors represented on DFM ended the month in the red, with the Real Estate & Construction sector decreasing the most by 10.2%, followed by the Banking sector by 6.7%, and the Insurance sector by 6.4%. The Industrial sector up 3.3% while the Consumer Staples and the Telecommunication indices did not change during this month. 

London Stock Exchange Plc To Acquire Turquoise Derivatives

Date 03/07/2013

• Platform to be wholly owned and operated as part of London Stock Exchange RIE
• Completion expected during Q4 2013

EU And Japan Join Forces To Tackle Data Explosion And Build 100Gbps Internet – 5000 Times Faster Than Today’s Average EU Speed

Date 03/07/2013

The European Commission and Japan today announce six research projects aiming at redefining internet architectures to increase the efficiency of networks in carrying data. One project aims to build networks 5000 times faster than today’s average European broadband speed (100Gbps compared to 19.7Mbps).

ESMA Publishes Research On The Sale Of Complex Products To Retail Financial Consumers

Date 03/07/2013

The European Securities and Markets Authority (ESMA) has published a research report on Retailisation in the EU, which examines the growth in the sale of complex financial products to retail financial consumers in the European Union (EU).