News Centre

Bank Of England: Further Information And Correspondence In Relation To The BBA Libor Review In 2008

Date 20/07/2012

At the hearing on Tuesday 17 July, the Treasury Committee requested papers relevant to the Bank of England’s interaction with the US Federal Reserve and with the British Bankers’ Association (BBA) Libor Review in 2008. To allow the Treasury Committee to see the full context, this submission contains all papers relevant to the BBA Review. It provides a brief commentary and timeline of the events around the BBA Review in 2008, together with the supporting documents.

State Street To Acquire Goldman Sachs Administration Services - Acquisition Expected To Make State Street Leading Hedge Fund Administrator Globally

Date 20/07/2012

State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has agreed to acquire Goldman Sachs Administration Services (GSAS), a leading hedge fund administrator, from The Goldman Sachs Group, Inc. (NYSE: GS) in a cash transaction with a total purchase price of $550 million, subject to certain adjustments. Pending regulatory approvals and other customary closing conditions, the transaction is expected to be finalized early in the fourth quarter of 2012. State Street expects the transaction to be accretive in the first full year of operation on a cash basis. Through dedicated teams globally, State Street provides a comprehensive suite of middle office, fund administration, risk analytics and credit services to hedge funds, private equity funds, real estate funds and institutional investors. State Street’s Alternative Investment Solutions (AIS) team has more than 3,000 employees in multiple offices around the world.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX Venture Composite And Venture Select Indices

Date 20/07/2012

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The Toronto Stock Exchange announced yesterday in the Daily Bulletin that the shares of Temple REIT (TSXVN:TR.UN) will graduate to trade on TSX at the open of trading on Monday, July 23, 2012. The ticker symbol will remain "TR.UN" and the CUSIP number will remain 880018 10 6. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Friday, July 20, 2012.

BATS 1000 Index Posts Modest Weekly Gain

Date 20/07/2012

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 27.74 points, or 0.2%, thisweek to close at 15,317.74 as of 4 p.m. ET today.

CFTC Certifies Euro STOXX 50 Volatility Index Mini Futures Contract Submitted By Eurex Deutschland - Contract May Be Offered To U.S. Persons Through Direct Access Effective July 20, 2012

Date 20/07/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight issued a letter advising Eurex Deutschland that its Euro STOXX 50 Volatility Index Mini Futures contract submitted by Eurex Deutschland (Eurex) for review on June 4, 2012, was deemed certified.

MGEX Highlights USDA Involvement in New Apple Juice Concentrate Contract

Date 20/07/2012

MGEX,  a  Designated  Contract  Market  (DCM)  and  Derivatives  Clearing Organization (DCO), is pleased to report the involvement of the United States Department of Agriculture (USDA) in Apple Juice Concentrate (AJC) cash price reporting.

ESAs Publish The List Of Identified Financial Conglomerates

Date 20/07/2012

ESMA has today jointly published with EBA and EIOPA under the Joint Committee section on their respective websites, the list of identified financial conglomerates, as at 1st July 2012, as required under Article 4(3) of the Financial Conglomerates Directive

Short-Term Crisis Management And Long-Term Vision: How Europe Responds To The Crisis - Speech By Benoît Cœuré, Member Of The Executive Board Of The ECB, CEMLA’s 60th Anniversary Commemorative Conference, Central Bank Cooperation At The Beginning Of The 21st Century, Mexico City, 20 July 2012

Date 20/07/2012

Ladies and gentlemen,

Thank you very much for inviting me to speak at this session on central bank cooperation in times of crises. From the euro area perspective, central bank cooperation has worked very well during the crisis. We have had continuous dialogue since the early stages of the crisis in 2007, which continues to the present day. Our network of currency swap lines with the Federal Reserve, the Bank of England, the Swiss National Bank, the Bank of Japan and Bank of Canada have helped ensure foreign liquidity for the euro area and euro liquidity abroad. There has also been successful international cooperation through the IMF. Overall, these measures have played an important role in easing strains in financial markets

Irish Stock Exchange Equities Trading Activity Up 14% In First Half Of 2012

Date 20/07/2012

• More than 10,000 equity trades per day recorded in Q2 
• ISEQ equity indices ahead by between 8% and 21% in first half of 2012 
• ISEQ bond indices continue to grow with returns of up to 16.6% in 2012
• Over €110m raised by companies trading on the Irish market during Q2

SIFMA Testifies On Dodd-Frank Act’s Impact On Municipal Finance

Date 20/07/2012

Kenneth Gibbs, president of the Municipal Securities Group at Jefferies & Company, Inc., SIFMA board member and Chair of SIFMA’s Municipal Securities Division, testified today before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises at a hearing addressing the impact of the Dodd-Frank Act on municipal finance.