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  • Top 15 Sovereign And Corporate Credit Default Swaps - Provided By The Depository Trust & Clearing Corporation (DTCC)

    Date 29/02/2012

    The Depository Trust & Clearing Corporation (DTCC) is publishing a weekly email containing simple, easy-to-read tables listing credit default swaps (CDS) contracts on the top 15 sovereign and corporate reference entities by net notional amount as well as the Top 10 volume movers, both corporate and sovereign, by percentage change based on the net notional amount registered in its Trade Information Warehouse for the week ending February 24, 2012, along with historical data.

  • European Parliament: Credit Rating Agency Reform Plans Need More Bite, Say Committee MEPs

    Date 29/02/2012

    The EU's credit rating agency reform plans need to be beefed up, in order to replace "unsolicited" sovereign debt ratings of EU Member States with ratings by an independent body, reduce reliance on agency ratings, and eliminate conflicts of interest that could influence them, said rapporteur Leonardo Domenici (S&D, IT), in the Economic and Monetary Affairs Committee's first debate on the plans on Wednesday.

  • NYSE Group, Inc. Annual Report For The Fiscal Year Ended December 31, 2011 - NYSE Euronext -Deutsche Boerse Deal Costs USD 85 Million

    Date 29/02/2012

    Terminated Business Combination

    On February 15, 2011, we entered into a Business Combination Agreement (the "Business Combination Agreement") with Deutsche Börse AG ("Deutsche Börse"), pursuant to which the two companies agreed to combine their respective businesses and become subsidiaries of a newly formed Dutch holding company (the "Proposed Business Combination"). Completion of the Proposed Business Combination was subject to the satisfaction of several conditions, including, among others, approvals by the relevant competition and financial, securities and other regulatory authorities in the United States and Europe.

    On February 1, 2012, the EU Competition Commission issued a formal decision disapproving the Proposed Business Combination. In light of the EU Commission's decision, on February 2, 2012, NYSE Euronext and Deutsche Börse announced that they mutually agreed to terminate the Business Combination Agreement. For the year ended December 31, 2011, NYSE Euronext incurred approximately $85 million of legal, investment banking and other professional fees and costs related to the terminated business combination, which are recorded in "Merger expenses and exit costs" in the consolidated statement of operations. NYSE Euronext also incurred additional indirect costs associated with management's significant time and focus negotiating and preparing to close the Proposed Business Combination, instead of pursuing other business opportunities that could have been beneficial to the Company.

  • Testimony Before The U.S. House Committee On Agriculture, Washington, DC - CFTC Chairman Gary Gensler

    Date 29/02/2012

    Good morning Chairman Lucas, Ranking Member Peterson and members of the Committee. I thank you for inviting me to today’s hearing on the Commodity Futures Trading Commission’s (CFTC) 2012 agenda. I also thank my fellow Commissioners and CFTC staff for their hard work and commitment to protecting the public and promoting transparent and efficient markets. I’m pleased to be here with CFTC Commissioner Jill Sommers.

  • Federal Reserve Chairman Ben S. Bernanke Semiannual Monetary Policy Report To The Congress Before The Committee On Financial Services, U.S. House Of Representatives, Washington, D.C.

    Date 29/02/2012

    Chairman Bachus, Ranking Member Frank, and other members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress. I will begin with a discussion of current economic conditions and the outlook and then turn to monetary policy.