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  • Improved Monitoring And Reporting On Financial Instruments Related To EU Cchesion Policy

    Date 12/12/2011

    The European Commission welcomes the approval today by the EU Member States to improve the monitoring and reporting on financial instruments available under cohesion policy like guarantee schemes to finance the start up of new small companies. This will mean that Member States will have to report once a year on progress made in financing and implementing these instruments. Such reporting will allow the Commission to better assess the overall performance of financial instruments across Member States. Together with additional information to be presented with each statement of expenditure, the Commission will be able to produce accurate and comprehensive accounts, which give a true image of the Union's assets and of the actual budgetary implementation.

  • FTSE Announces New Ownership Structure

    Date 12/12/2011

    FTSE International Limited (‘FTSE”) today announces a change to its current joint-venture ownership structure, with the London Stock Exchange Group  (“London Stock Exchange Group”) announcing it has signed a definitive agreement to acquire the 50 per cent stake in FTSE International Limited, from Pearson, that the London Stock Exchange Group does not already own.

  • QuantHouse Offers Direct Low Latency Access To SIX Swiss Exchange

    Date 12/12/2011

    QuantHouse, the leading provider of next generation trading solutions, has extended its QuantLINK proprietary fibre optic network into the Zurich-based SIX Swiss Exchange.

  • European Commission: The Council Increases Co-Financing Rates For EU Funds To Counter Crisis

    Date 12/12/2011

    The Council today adopted1  a regulation providing for a temporary  increase of EU co-financing rates from structural funds and the cohesion fund for member states under financial difficulties (66/11 + 18038/11 ADD 2 REV 1). This follows a first-reading agreement with the European Parliament. The main objective of the new rules is to facilitate the use of funding from the EU cohesion policy and to alleviate herewith the impact of the financial crisis on the real economy, the labour market and citizens.

  • Exchange Council Appoints Peter Reitz To The Management Board Of The Exchange - French Futures Switched To Financial Settlement – Report On EUA Primary Market Auction – Election Committee Appointed

    Date 12/12/2011

    In the meeting of the Exchange Council of the European Energy Exchange (EEX) chaired by Dr. Günther Rabensteiner, Verbund AG, in Vienna on 1 December 2011, Peter Reitz was appointed a further Managing Director of the Exchange. In August of this year, Peter Reitz was appointed the Chief Executive Officer of EEX AG and European Commodity Clearing AG (ECC). As a result, the exchange is now represented by two managing directors again. In addition to Peter Reitz, Oliver Maibaum represents EEX as Managing Director Exchange. He has held this office since 2004 and was confirmed in office by the Exchange Council in 2009.

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