News Centre

HP Issues Statement Regarding Autonomy Impairment Charge - HP Internal Investigation And Forensic Review Uncovers Accounting Improprieties, Misrepresentations And Disclosure Failures In Autonomy Financial Statements Prior To 2011 Acquisition By HP

Date 20/11/2012

HP today issued the following regarding the non-cash impairment charge relating to Autonomy that was announced during HP’s fourth-quarter earnings announcement:

“HP is extremely disappointed to find that some former members of Autonomy’s management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy’s acquisition by HP. These efforts appear to have been a willful effort to mislead investors and potential buyers, and severely impacted HP management’s ability to fairly value Autonomy at the time of the deal. We remain 100 percent committed to Autonomy and its industry-leading technology.”

CFTC Staff Issues No-Action Letter Addressing Timeline For Swap Dealer Compliance With Swap Data Reporting Rules

Date 20/11/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) and Division of Market Oversight (DMO) today jointly issued a letter providing swap dealers with time-limited no-action relief from certain requirements of the CFTC’s swap data reporting rules, which are set forth at Part 43, Part 45 and Part 46 of the CFTC’s regulations.

ESMA Publishes An Opinion On The Interpretation Of Article 50(2)(a) Of The UCITS Directive

Date 20/11/2012

To view this document, please click here.

Shadow Banking: Balance Benefits And Risks, Say MEPs

Date 20/11/2012

"Shadow" banks, such as hedge funds or trading houses, benefit the real economy by lending to risky ventures that regular banks avoid. But if their loans turn bad, they may collapse, taking regular banks with them, because they lack a capital cushion. Better prudential oversight is needed to reduce shadow banking's systemic risks, without stifling its benefits to the economy, say MEPs in a resolution voted on Tuesday.

The US Is Guilty Of Behaving Like A Bully On FATCA And The UK Government Should Have The Courage To Say So, Says CISI

Date 20/11/2012

The US is guilty of behaving like a bully in imposing unfair costs on UK investment managers and banks, which work with American clients, via its Foreign Account Tax Compliance Act, says Simon Culhane, Chartered FCSI and CEO of the Chartered Institute for Securities & Investment (CISI).

EEX Launches CER Spot Market And Expands Carbix Index

Date 20/11/2012

The European Energy Exchange (EEX) will expand its product range on the CO2 secondary market with spot contracts on Grey Certified Emission Reductions (Grey CER) and Green Certified Emission Reductions (Green CER).

Frankfurt Stock Exchange: IPO By China BPIC Surveying Instruments AG In Entry Standard

Date 20/11/2012

China BPIC Surveying Instruments AG (ISIN: DE000A1PG508) joined the Entry Standard of the Frankfurt Stock Exchange (FWB) on 20 November. The initial listing price was €4.05.

Moody's Downgrades France's Government Bond Rating To Aa1 From Aaa, Maintains Negative Outlook

Date 20/11/2012

Moody's Investors Service yesterday downgraded France's government bond rating by one notch to Aa1 from Aaa. The outlook remains negative.

Companies On Thai Alternative Bourse Post Upbeat Profits In July-Sept - Q3 Net Profit Up 33 Pct, Gross Profit Margins Maintained At 20 Pct - Nine-Month Net Profits Up 21 Pct Year-On-Year, Sales Up 15 Pct

Date 20/11/2012

Companies listed on the Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported a 33 percent increase in net profit to THB 1.5 billion (approx. USD 48.5 million) in the third quarter of 2012, while net profits and sales also grew strongly in the first nine months.

Deutsche Börse: New SPDR ETF Launched On Xetra - ETF Tracks Corporate Bonds From Emerging Markets

Date 20/11/2012

A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra since Tuesday.