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CalPERS Purchases Interest In Underwater Power Transmission Line

Date 15/12/2011

The California Public Employees’ Retirement System (CalPERS) announced today that it has agreed to acquire a stake in a 65-mile submarine electric power transmission line that runs from Sayreville, New Jersey, to Hicksville, Long Island, New York.
Steven B. Kamin, Director, Division Of International Finance, Federal Reserve - The Economic Situation In Europe - Before The Subcommittee On TARP, Financial Services, And Bailouts Of Public And Private Programs, Committee On Oversight And Government Reform, U.S. House Of Representatives, Washington, D.C.

Date 15/12/2011

Thank you, Chairman McHenry, Ranking Member Quigley, and members of the Subcommittee for inviting me today to talk about the economic situation in Europe and recent actions taken by the Federal Reserve in response to this situation.
Transcript Of A Press Briefing By David Hawley, Deputy Director, External Relations Department, International Monetary Fund

Date 15/12/2011

MR. HAWLEY: Hello everyone. My name is David Hawley and I'm Deputy Director of the External Relations Department and this is another of our regular IMF press briefings. As usual, the briefing is under embargo and that's until 10:30 Washington time and that's 1530 GMT. Before going to questions, as usual let me make a few housekeeping and other announcements.
ISDA: Use Of FpML For Risk Evaluation - white paper

Date 15/12/2011

The objective of this paper is to show how querying trades in FpML format allows to perform risk evaluation of Over-The-Counter (OTC) derivatives. We evaluated recent regulatory consultation papers from the international regulatory community in search for specific regulatory questions around risk evaluation that we can translate into data queries. We implement the queries using a sample FpML data set and a widely used XML query language (XQuery) to extract the relevant information. We adapt certain queries to make them relevant for the test data set.
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 15/12/2011

The shares of Grayd Resource Corp. (TSXVN:GYD) will be removed from the S&P/TSX Venture Composite Index after the close of trading on Thursday, December 15, 2011.

SEC Halts Father-Son Ponzi Scheme In Utah Involving Purported Real Estate Investments

Date 15/12/2011

The Securities and Exchange Commission today charged a father and son in Utah with securities fraud for selling purported investments in their real estate business that turned out to be nothing more than a wide-scale $220 million Ponzi scheme.
CBOE Holdings, Inc. Announces Date Of Fourth-Quarter 2011 Earnings Release And Conference Call

Date 15/12/2011

CBOE Holdings, Inc. (NASDAQ: CBOE) will announce financial results for the fourth quarter of 2011 before the market opens on Thursday, February 9, 2012.
SEC Statement On Citigroup Case

Date 15/12/2011

The Securities and Exchange Commission’s Director of the Division of Enforcement, Robert Khuzami, today made the following statement on the Citigroup case:
Last month, a federal district court declined to approve a consent judgment because, in its view, the underlying allegations were ‘unsupported by any proven or acknowledged facts.’ As a result, the court rejected a $285 million settlement between the SEC and Citigroup that reasonably reflected the relief the SEC would likely have obtained if it prevailed at trial.
ESMA Publishes An Updated Opinion On Waivers From Pre-Trade Transparency

Date 15/12/2011

This updated includes an opinion under article 18 (1)(A) of the MiFID. To view the text, please click here.
Russell Investments 2012 Global Outlook: Global Deleveraging As Backdrop For Modest Growth And Recovery Volatility Expected To Continue In 2012 - Key Risk To Improved Global Market Sentiment Is Europe

Date 15/12/2011

Russell Investments' team of global investment strategists have released the firm's 2012 Global Outlook in which they predict that global deleveraging will continue through 2012, noting that "it took three decades for the developed economies to borrow too much money and it will take years to pay it back." Against this backdrop however, Russell forecasts that investors can expect to see modest levels of recovery and growth overall, driven by Asia and the U.S.