News Centre

Speech By SEC Staff: Remarks At Joint News Conference To Announce RMBS Working Group - Robert Khuzami Director Of The SEC’s Division Of Enforcement

Date 27/01/2012

Good morning. Mortgage products were in many ways ground zero in the financial crisis.

Individual mortgages were pooled and sliced and diced into sophisticated securities that were a world away from the house, on a street, in a town somewhere in America where a family had realized their dream – the dream of buying a house they could call a home.

Remarks Before The American Bar Association, Committee On Derivatives And Futures Law, CFTC Chairman Gary Gensler

Date 27/01/2012

Good afternoon. I’d like to thank the American Bar Association’s Committee on Derivatives and Futures Law for inviting me to speak today. Thank you, Susan, for that introduction.

World Economic Forum Annual Meeting In Davos: European Central Bank’s Liquidity Measures Avert Major Credit Crunch In Europe

Date 27/01/2012

• Series of measures – including rate cuts and lending – undertaken ahead of 230 billion euros in bank bonds due in the near future
• European Central Bank is not yet satisfied with health of banking sector
• The theme of the 42nd World Economic Forum Annual Meeting is The Great Transformation: Shaping New Models. For more information, visit http://wef.ch/Davos

Remarks By José Manuel Durão Barroso President of the European Commission Ahead Of Monday's Informal European Council

Date 27/01/2012

On growth and smart fiscal consolidation:

"Growth is and has always been at the centre of the Commission's comprehensive response to the crisis. That is precisely what the structural reform agenda is about. But since structural reforms can take time to make their benefits felt, we have also put forward many ideas to stimulate growth in the short term, for instance by using EU funding more effectively to ease the credit squeeze on small businesses. I will propose to Member States to redeploy structural funds to boost growth and job creation even further."

World Economic Forum Annual Meeting In Davos: US Economy To Grow 2-3% In 2012, Says Treasury Secretary Geithner

Date 27/01/2012

• The United States economy this year will grow between 2% and 3%
• Despite positive growth, unemployment remains high, housing weak and household debt up
• New regulations are tough but positive for the economy in the long term
• The theme of the 42nd World Economic Forum Annual Meeting is The Great Transformation: Shaping New Models. For more information, visit http://wef.ch/Davos

The First NYSE Euronext Lisbon Awards: Portuguese Stock Exchange Awards Capital Market Performance For 2011

Date 27/01/2012

For the first time, NYSE Euronext has awarded 16 organisations that excelled in the capital markets in 2011. The awards are aimed at raising the visibility of those companies operating in the stock market throughout last year. These include issuers, brokers, investment banks, analysts, fund managers, law firms, academics, who all actively contributed to the development of the Portuguese capital market. The creation of the NYSE Euronext Lisbon Awards is another step in the development of the market and ultimately to Portugal’s economic growth by the Portuguese Exchange.

World Economic Forum Annual Meeting In Davos: European Finance Chiefs Hail Fiscal Compact And Call For Growth And Jobs Focus

Date 27/01/2012

• Eurozone countries are on the verge of concluding an important fiscal convergence compact
• European finance and economics ministers said that that Greece is nearing a debt-restructuring deal and is not likely to default
• The theme of the 42nd World Economic Forum Annual Meeting is The Great Transformation: Shaping New Models. For more information, visit http://wef.ch/Davos

New Era For Banking - British Bankers’ Association Welcomes Financial Services Bill

Date 27/01/2012

Banks fully support, and have been working towards, the overhaul of banking regulation in the UK the British Bankers’ Association said as a new era in banking came closer with the publication of the Financial Services Bill today. The BBA said the Bill was an important step forward and that rigorous ground work by parliament and the industry had contributed to proposals which focused on effective, proportionate banking supervision.

UK’s Financial Services Authority: Former Compliance Officer At Greenlight Capital And JP Morgan Cazenove Trader Fined

Date 27/01/2012

The Financial Services Authority (FSA) has fined Alexander Ten-Holter, trader and former compliance officer at Greenlight Capital (UK) LLP (Greenlight) £130,000 for failing to question and make reasonable enquiries before selling Greenlight’s shareholding in Punch Taverns plc (Punch) ahead of an anticipated significant equity fundraising by Punch in June 2009, and prohibited him from performing Compliance Oversight and Money Laundering reporting functions.

Malawi Stock Exchange Weekly Report Week Ending 27th January, 2012

Date 27/01/2012