News Centre

Hong Kong's Securities And Futures Commission: Broker And Client Found Guilty Of Market Manipulation

Date 29/06/2012

The Eastern Magistrates Court today found a broker, Mr Chan Yuk Hing, and his client, Mr Paul Frederic Chane Yin, guilty of market manipulation in shares of Multifield International Holdings Limited (Multifield) in 2009. 

HKEx: Report On Initial Public Offering Applications, Delisting And Suspensions

Date 29/06/2012

(As at 29 June 2012)

BME: IGBM Index New Composition For The Second Half 2012 - The Index Will Comprise 114 Stocks, After One Inclusion And Two Exclusions

Date 29/06/2012

The Indice General de la Bolsa de Madrid (IGBM) Management Committee has  decided, in accordance with the technical provisions for the composition,  calculation and sectoral division of the IGBM index family, to approve the  composition of the IGBM and Indice Total indices for the second half of  2012.

WSE To Start Cooperation With One Of The Prominent Figures Of CEE Capital Markets

Date 29/06/2012

As of June 2012, the Warsaw Stock Exchange has hired Mr Attila Szalay-Berzeviczy, the former President of the Budapest Stock Exchange and former Global Head of UniCredit's Securities Services, as the Senior Advisor to the President and CEO of the Warsaw Stock Exchange.

LIFFE Gives Notice To Terminate Clearing Relationship Agreement With LCH.Clearnet Ltd

Date 29/06/2012

NYSE Euronext (NYX) today confirmed that its London derivatives market, LIFFE Administration and Management (LIFFE) has now given formal notice of termination with respect to the services currently received from LCH.Clearnet Ltd under the Clearing Relationship Agreement to support NYSE Liffe Clearing, NYX’s London-based derivatives clearing service.

UK's Financial Services Authority Agrees Settlement With Four Banks Over Interest Rate Hedging Products

Date 29/06/2012

The FSA has today announced that it has found serious failings in the sale of interest rate hedging products to some small and medium sized businesses (SMEs).  We believe that this has resulted in a severe impact on a large number of these businesses.  In order to provide as swift a solution to this problem as possible we have today confirmed that we have reached agreement with Barclays, HSBC, Lloyds and RBS to provide appropriate redress where mis-selling has occurred.

Final Settlement Value Of Nikkei-Tokyo Commodity Exchange Commodity Index For June 2012 Contract

Date 29/06/2012

SIX Exchange Regulation: New Value Ltd Sanctioned For Errors In Financial Statements

Date 29/06/2012

SIX Exchange Regulation imposes a fine of CHF 25,000 on New Value Ltd in connection with several errors in the company's annual financial statements for 2010/2011 and its interim financial statements for 2011 prepared in accordance with IFRS. The errors include the failure to record an impairment on a financial asset, the overstatement of cash and cash equivalents, the over statement of own shares, and the omission of various disclosures from the financial statements.

Euro Area Summit Statement

Date 29/06/2012

We affirm that it is imperative to break the vicious circle between banks and sovereigns. The Commission will present Proposals on the basis of Article 127(6) for a single supervisory mechanism shortly. We ask the Council to consider these Proposals as a matter of urgency by the end of 2012. When an effective single supervisory mechanism is established, involving the ECB, for banks in the euro area the ESM could, following a regular decision, have the possibility to recapitalize banks directly. This would rely on appropriate conditionality, including compliance with state aid rules, which should be institutionspecific, sector-specific or economy-wide and would be formalised in a Memorandum of Understanding. The Eurogroup will examine the situation of the Irish financial sector with the view of further improving the sustainability of the well-performing adjustment programme. Similar cases will be treated equally.

ASIC Updates Policy Guidance On Approach To Cross-Border Financial Regulation

Date 29/06/2012

ASIC has today released updated policy guidance about its approach to facilitating cross-border financial regulation to assist foreign providers of financial facilities, services and products that wish to operate in Australia.