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  • MICEX-RTS And OECD Sign Agreement To Strengthen Corporate Governance In Russia

    Date 12/12/2011

    On December 12 MICEX-RTS and the Organization for Economic Co-operation and Development (OECD) signed an agreement that will strengthen corporate governance in Russia through a program called the OECD-Russia Corporate Governance Roundtable. The signing ceremony took place at the Russian Ministry of Economic Development as part of OECD Secretary-General Angel Gurría’s visit to Moscow.

  • London Stock Exchange Group Plc To Acquire Outstanding 50 Per Cent Of FTSE International Limited

    Date 12/12/2011

    • 50 per cent stake of FTSE to be acquired for £450 million, giving LSEG 100 per cent  ownership and strategic control
    • FTSE is a leading, high growth global index business with a powerful international brand and reach
    • Transaction facilitates accelerated global expansion and growth
    • LSEG’s business further diversified into indices, data and analytics, as well as into new geographies, in line with stated strategy
    • Governance and independence of FTSE index products to be maintained
    • Cost synergies of £10 million p.a. and gross revenue synergies of £18 million p.a. by the end of year 3; immediately earnings enhancing
    • Funded from existing resources; commitments received for new £350 million bank facilities to maintain financial flexibility (subject to final documentation)
    • Closing is subject to customary conditions and is expected by Q1 2012

  • Korea Exchange Donates USD 100,000 For Turkey Earthquake Victims

    Date 12/12/2011

    Mr. Bongsoo KIM, Chairman and CEO of KRX, sent a letter of condolences to Mr. Hüseyin ERKAN, CEO and Chairman of ISE, expressing grief over the disaster and offered help in overcoming the effects of such catastrophe. In his reply letter, Mr. ERKAN expressed his gratitude underlining the long term friendship between the two countries as well as the cooperation and solidarity between the two exchanges.

  • Japan's Securities And Exchange Surveillance Commission Recommendation For Administrative Action Based On Findings Of The Inspection Of UBS Securities Japan Ltd.

    Date 12/12/2011

    1 Contents of the Recommendation

    Pursuant to Article 20, paragraph 1 of the Act for Establishment of the Financial Services Agency (FSA), today, on December 9, 2011, the Securities and Exchange Surveillance Commission issued a recommendation that the Prime Minister and the Commissioner of the FSA take administrative action and any other appropriate measures against UBS Securities Japan Ltd.* (hereinafter referred to as the “Company”). This recommendation is based on the findings of an inspection, whereby the following breach of laws and regulations by the Company was identified.

  • UK's Financial Services Authority Board Publishes Report Into The Failure Of The Royal Bank Of Scotland

    Date 12/12/2011

    The Financial Services Authority (FSA) has published its Board’s Report into ‘The failure of the Royal Bank of Scotland’ (RBS).