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  • Welcome Address By The CEO Of The Nigerian Stock Exchange, Oscar Onyema, Who Is Represented By Haruna Jalo-Waziri At The Briefing Session On The Corporate Governance Rating System (CGRS) On Wednesday, Janurary 29 2014 At The Nigerian Stock Exchange Event Center

    Date 29/01/2014

    Protocols

    It  gives  me  great  pleasure  to  welcome  everyone  here  to  this  Breakfast Briefing, on the Corporate Governance Rating System (CGRS), which is  a  joint project of The Nigerian Stock Exchange and the Convention on Business  Integrity (CBi). The CBi was  established in 1997

  • Press Conference By Taro Aso, Japan's Deputy Prime Minister, Minister Of Finance, And Minister Of State For Financial Services

    Date 29/01/2014

    (Excerpt)

    (Tuesday, January 21, 2014, 11:08 am to 11:21 am)

    [Questions and answers]

    Q.

    I have a question concerning the use of dormant deposits. This is currently being discussed by the LDP and New Komeito, but I think there are issues such as the fact that some believe caution should be exercised in the use of the assets of depositors, and the way the administrative burden on financial institutions should be handled. What do you think about using dormant deposits for projects that would benefit the public?

  • European Commission: Structural Measures To Improve The Resilience Of EU Credit Institutions – Frequently Asked Questions

    Date 29/01/2014

    See also IP/14/85 and MEMO/14/64

    What is the proposal about?

    The proposed Regulation on structural measures to improve the resilience of EU credit institutionsaims at further strengthening the stability and resilience of the EU banking system. The proposal completes the financial regulatory reforms undertaken over the last few years by setting out rules on structural changes for "too-big-to-fail banks" (TBTF). A bank is considered TBTF when the consequences of its failure are believed to be detrimental for the financial system as a whole. In order to prevent this risk from materialising, the proposal would impose a ban on speculative activities (proprietary trading, i.e. trading using own money as opposed to on behalf of customers) and caters for the potential separation of other risky trading activities carried out by these banks. The proposal builds on the recommendations made by the High Level Expert Group chaired by the Governor of the Bank of Finland, Mr Erkki Liikanen ("Liikanen Group" - see IP/12/1048 and background section of this MEMO).

  • European Commission: Reporting And Transparency Of Securities Financing Transactions – Frequently Asked Questions

    Date 29/01/2014

    See also IP/14/85 and MEMO/14/63 on the proposal for the structural reform of the EU banking sector. Alongside that proposal, the Commission has also proposed accompanying measures aimed at increasing the transparency of certain transactions in the shadow banking sector to avoid that banks circumvent other rules by moving those activities to the shadow banking sector. This proposal was announced in the action plan on shadow banking presented in September 2013 (IP/13/812).

  • Structural Reform Of The EU Banking Sector

    Date 29/01/2014

    Today, the European Commission has proposed new rules to stop the biggest and most complex banks from engaging in the risky activity of proprietary trading. The new rules would also give supervisors the power to require those banks to separate certain potentially risky trading activities from their deposit-taking business if the pursuit of such activities compromises financial stability. Alongside this proposal, the Commission has adopted accompanying measures aimed at increasing transparency of certain transactions in the shadow banking sector. These measures complement the overarching reforms already undertaken to strengthen the EU financial sector.