News Centre

IMF Managing Director, Ms. Christine Lagarde, Ends China Visit, Meets Top Chinese Leadership

Date 10/11/2011

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today in Beijing:  

“I would like to express my deep appreciation to the Chinese authorities for welcoming me during my first visit to China as Managing Director of the IMF."

Lucas Papademos Named Prime Minister Of Greece

Date 10/11/2011

Lucas Papademos was named prime minister of Greece on Thursday. 

Börse Stuttgart: Germans Express Uncertainty About Investment And Finance - 50 Percent Of Germans Do Not Feel Sufficiently Well Informed - Most Germans Want To See Financial Education In Schools - Books And Financial Magazines Regarded As Best Source Of Information

Date 10/11/2011

According to a broadly-based survey conducted by the market research firm Forsa on behalf of Boerse Stuttgart, over two thirds of Germans regard a knowledge of ‘investment and finance’ as very important, yet only 50 percent believe they are well informed on the subject. 84 percent of those who took part believe that everyone ought to have an understanding of investment and finance.

ESMA Publishes The Outcome Of A Review Of European Enforcers On The Implementation Of IFRS 8 – Operating Segments

Date 10/11/2011

This Report provides the main findings of the review of European enforcers on the mplementation of IFRS 8 – Operating Segments and ESMA’s tentative recommendations to enhance the application of the standard. 

Bucharest Stock Exchange Tripled Its Operating Profit In 9m.2011

Date 10/11/2011

• Bucharest Stock Exchange (BVB) ends the first 9 months¹ with a turnover of 16.90 mil. lei, meaning a growth of 53.6%
• The net profit of BVB for September 30, 2011 is of RON 15.81 million, increasing with 156.2%
• BVB marked in Q3 its best quarter of the last 3 years, based on the turnover realized

London Stock Exchange: MillenniumIT Selected To Provide Trading Technology To Delhi Stock Exchange - Agreement For Equity, Derivatives, FX Trading And Clearing Technology - Low Latency Platform Will Offer International Investors Advanced Technology Access To India's Captial Markets

Date 10/11/2011

London Stock Exchange Group (‘the Group') today announced that MillenniumIT, a wholly owned subsidiary, has signed a contract with the Delhi Stock Exchange (‘DSE') to provide the Indian Exchange with trading technology.

EMCF Breaks All Records Clearing One Billion Equity Transactions In 2011 - Value Of Transactions Surpasses €5.4 Trillion

Date 10/11/2011

European Multilateral Clearing Facility NV (EMCF) today announced it had cleared its one billionth equity transaction since January 2011, a new record among European Equity CCPs. The gross value of these executions is in excess of €5.4 trillion.

NYSE Euronext Announces Trading Volumes For October 2011 - Global Derivatives ADV Up 9%; U.S. Equity Options ADV Up 19% - European Cash ADV Up 21%; U.S. Cash ADV Up 6%

Date 10/11/2011

NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for October 2011^[1]. Global derivatives average daily volume (“ADV”) of 8.2 million contracts in October 2011 increased 9.1% versus the prior year, driven by an 18.7% increase in U.S. options ADV. Cash equities ADV in October 2011 were stronger, with European cash trading ADV increasing 21.0% and U.S. cash trading ADV increasing 5.6% from October 2010 levels.

ESMA Launches A Consultation On The Considerations Of Materiality In Financial Reporting And Publishes A Review Of European Enforcers On The Implementation Of IFRS 8 – Operating Segments

Date 10/11/2011

Rhe objective of financial statements is to provide information to a range of users for the purpose of eco-nomic decision making. To be useful, such statements must present fairly the financial position, perform-ance and cash flows of the reporting entity. Where information which is required by the relevant financial reporting framework is omitted or misstated and such information could influence the economic decision-making of a user, financial statements cannot be said to achieve a fair presentation. The concept of ‘mate-riality’ is used to describe such information. 

A recurring theme of discussions at the European Enforcers Coordination Sessions (a forum in which all European National Enforcers of financial information meet to exchange views and discuss experiences of enforcement of IFRS) is the apparent differing views regarding the practical application of the concept of materiality amongst preparers, auditors, possibly users of the financial reports and, in some instances, accounting enforcers. The purpose of this consultation paper is to seek comments from interested parties on their understanding of various aspects of materiality in an effort to contribute to a consistent applica-tion of this important concept in financial reporting. 

EEX To Carry Out EUA Auctions For Lithuania

Date 10/11/2011

In 2011 and 2012, the European Energy Exchange (EEX) will auction off a total volume of 1.7 million EU emission allowances (EUA) on behalf ofthe Lithuanian ministry of the environment. These allowances are volumes from the Lithuanian new entrants‘ reserve (NER) for the second phase of EU emissions trading (2008 to 2012) which are not needed. The Lithuanian ministry of the environment awarded EEX the contract in the context of a corresponding invitation to tender on 27 October 2011.