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  • MGEX Daily Electronic Volume Reaches Top 20 All Time

    Date 08/11/2011

    MGEX today announced record daily electronic trading volume. With 12,076 contracts transacted electronically, volume of the flagship Hard Red Spring Wheat (HRSW) contract broke into the record books with a top 20 electronic trading day.

  • Azerbaijani Financial Opportunities Brought To The City Of London

    Date 08/11/2011

    More than 150 investment bankers, investment specialists, lawyers, consultants, analysts and journalists descended on the UK Headquarters of Baker & McKenzie in the City of London on 7 November to learn of the exciting opportunities presented by the nascent Azerbaijani financial sector.

  • Monoline Exposures Resulted In $54 Billion In Charges For Banks, According To New ISDA Study

    Date 08/11/2011

    The counterparty credit risk exposure of 12 US bank holding companies and international banking companies to monoline insurers has led to some $54 billion in write-downs by the banks since 2007, according to a new analysis by the International Swaps and Derivatives Association, Inc. (ISDA).

  • SEC Obtains Record $92.8 Million Penalty Against Raj Rajaratnam

    Date 08/11/2011

    The Securities and Exchange Commission today obtained a record financial penalty of $92.8 million against billionaire hedge fund manager Raj Rajaratnam for widespread insider trading. 

  • Joint Trade Associations Comment On The Consultative Document On Data Template For Global Systemically Important Banks

    Date 08/11/2011

    In a letter responding to the Financial Stability Board’s (FSB) Consultative DocumentUnderstanding Financial Linkages: A Common Data Template for Global Systemically Important Banks (G-SIBs), major trade associations representing the global financial services industry agree that a common data template for large global financial institutions has the potential to both streamline data reporting for the institutions, as well as make important data available for macro-prudential analysis.  However, standardized definitions of the data elements requested should be established, clear data security and confidentiality protections must be set up, and the initiative also needs to be designed carefully and narrowly or it could simply add to the already large number of data initiatives underway, and their associated costs, without clear benefit.