News Centre

Qatar Exchange And Qatar Finance & Business Academy Sign Memorandum Of Understanding To Boost Professional Skills

Date 19/12/2012

In light of QE’s continuous endeavors to boost staff skills and enhance their technical and developmental capacities in line with the latest systems in place and traded products in the advanced money markets, the Qatar Exchange and the Qatar Finance & Business Academy signed today a cooperation MoU to achieve QE's objectives aimed at developing staff competency levels by means of providing first class training and educational services in business, finance and banking to keep up with the fast developments in the financial and business markets.

Nordic Growth Market NGM AB: NGM Welcomes Societe Generale As Member Of The Exchange

Date 19/12/2012

The Swedish exchange Nordic Growth Market (NGM) today announces that Societe Generale has become a trading member of NGM. Societe Generale is expected to commence trading as of today, December 19.

Market Cap Segment Review At NASDAQ OMX Nordic exchanges

Date 19/12/2012

NASDAQ OMX Nordic, part of NASDAQ OMX Group (NASDAQ:NDAQ) reports that the annual review of its market capitalization (market cap) segments is completed. The revision is based on the average market cap value in November 2012. Together with indexes and sector classifications, the market cap segmentation is a tool to increase visibility for companies listed on the exchanges within NASDAQ OMX Nordic.

LIBOR: FINMA Concludes Proceedings Against UBS And Orders Disgorgement Of Profits

Date 19/12/2012

The Swiss Financial Market Supervisory Authority has concluded its proceedings against UBS AG in connection with the submission of interest rates, particularly to the London Interbank Offered Rate (LIBOR). FINMA has established that UBS seriously violated Swiss financial market legislation and ordered measures to be taken to improve the processes involved. FINMA has also ordered UBS to disgorge CHF 59 million in profits to the Swiss Confederation. 

UBS Board Of Directors Authorizes Settlements Of LIBOR-Related Claims With US And UK Authorities; Swiss Regulator To Issue Order

Date 19/12/2012

• UBS agrees to pay approximately CHF 1.4 billion  in fines and disgorgement to US, UK and Swiss authorities to resolve LIBOR-related investigations.
• As part of a proposed agreement with the US Department of Justice (DoJ), UBS Securities Japan Co. Ltd. (UBSSJ) has agreed to enter a plea to one count of wire fraud relating to the manipulation of certain benchmark interest rates, including Yen LIBOR.
• UBS is making progress in risk-weighted assets (RWA) reduction in the fourth quarter and expects its fully applied Basel III common equity tier 1 ratio to be roughly in line with the third quarter's level of 9.3% , and net new money in UBS’s wealth management businesses is expected to be positive.
• UBS believes its fourth quarter net profit attributable to shareholders will show a loss, primarily as a result of provisions for litigation and regulatory matters.

UK's Financial Services Authority: UBS Fined £160 Million For Significant Failings In Relation To LIBOR And EURIBOR

Date 19/12/2012

The Financial Services Authority (FSA) has fined UBS AG (UBS) £160 million for misconduct relating to the London Interbank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (EURIBOR). This is the largest fine ever imposed by the FSA.

Closure Of Bursa Malaysia Berhad – Christmas And New Year

Date 19/12/2012

Bursa Malaysia and its subsidiaries will be closed on these dates in conjunction with the following public holidays:

New Zealand's Financial Markets Authority AFA Update: Issue # 9

Date 19/12/2012

AFA Survey Findings

We had an unprecedented response to our survey and wish to thank all of those who participated. We have attached our report setting out key themes and outlining our responses to the issues.  FMA has already started talking to industry about these issues and we will continue this dialogue in 2013. 
AFA Survey 2012 - Summary of Findings and FMA response.

ASIC: Former BG Executive Jailed For Insider Trading

Date 19/12/2012

A former executive vice president of BG Group plc, a large international gas company, has today been jailed for insider trading following an ASIC investigation. 

Osaka Securities Exchange SPAN Parameters During The Year Change Period

Date 19/12/2012

OSE will announce SPAN Parameters for calculating margin requirements at the end of 2012 and at the beginning of 2013 as below.