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Abu Dhabi Securities Exchange Lists Mandatory Convertible Bonds Into Abu Dhabi National Insurance Company Shares - Rashid Al Baloushi: A Step That Reflects Great Confidence In Abu Dhabi Securities Exchange - Ahmad Edris: A Step That Would Help Provide Investment Alternatives In The Market

Date 25/06/2016

As part of Abu Dhabi Securities Exchange’s commitment to Abu Dhabi Plan Program toward achieving a financial system that supports development in the Emirate, and as part of its contribution to the development of the financial services sector, mandatory convertible bonds were listed last Thursday into shares by Abu Dhabi National Insurance Company to insure at Abu Dhabi Securities Exchange. The listing was carried out in the presence of Mr. Rashid Al Baloushi, CEO of Abu Dhabi Securities Exchange and Mr. Ahmad Edris, CEO of Abu Dhabi National Insurance Company, in addition to a group of experts, officials from two sides, as well as representatives of the National Bank of Abu Dhabi in its capacity as the director of issuance and the subscription receiving bank.

European Commission: Statement On The Decision Of Commissioner Lord Hill To Resign From The European Commission And On The Transfer Of The Financial Services Portfolio To Vice-President Valdis Dombrovskis

Date 25/06/2016

Commissioner Lord Hill, responsible for Financial Stability, Financial Services and the Capital Markets Union, has informed European Commission President Juncker of his decision to resign from his post as European Commissioner.

New York State Department Of Financial Service: Statement By DFS Superintendent Maria T. Vullo On The Vote By The United Kingdom To Exit The European Union

Date 25/06/2016

“The vote by the United Kingdom to leave the European Union has broad ramifications for the financial industry throughout the world, including in New York. To prepare for this possibility, the Department of Financial Services (DFS) has been engaged for several weeks in discussions with its regulated entities regarding the potential impact of “Brexit” on those institutions, including their Brexit-specific contingency plans and stress tests.  Throughout the day today, DFS has been in close communication with the department’s regulated institutions, and has coordinated with its federal counterparts to assess the impact of Brexit and market volatility on the safety and soundness of the institutions, and in particular the impact of Brexit on their operations in New York. DFS will continue to work with its regulated entities and assess both the short term and long term impact of Brexit and take appropriate action as necessary.”

ISDA Statement On UK Referendum Vote For Brexit

Date 25/06/2016

The International Swaps and Derivatives Association, Inc. (ISDA) today published the following statement on the UK referendum vote to leave the European Union (EU), also known as Brexit.

CalPERS Comments On Outcome Of British Vote To Leave European Union

Date 25/06/2016

The California Public Employees' Retirement System (CalPERS) today issued the following statement from Chief Investment Officer Ted Eliopoulos on the outcome of the British vote to leave the European Union:

"We are carefully monitoring the situation. As a long-term investor, we don't overreact to short-term volatility but we will take appropriate steps to best protect our portfolio."

Nasdaq Closing Cross Calculates U.S. Russell Indexes For The 13th Consecutive Year

Date 25/06/2016

Nasdaq (Nasdaq:NDAQ) today announced the Nasdaq Closing Cross was used for the 13th consecutive year to rebalance Nasdaq-listed securities in the entire family of U.S. Russell indexes during its annual reconstitution. Approximately 933 million shares representing $20.6 billion were executed in the Nasdaq Closing Cross in 0.8 seconds across some 2,464 Nasdaq-listed stocks.

NYSE, NYSE Arca And NYSE MKT Short Interest Reports

Date 25/06/2016

NYSE today reported short interest as of the close of business on the settlement date of June 15, 2016.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date June 15, 2016

Date 25/06/2016

At the end of the settlement date of June 15, 2016, short interest in 2,313 Nasdaq Global MarketSM securities totaled 7,830,349,659  shares compared with 7,885,936,338 shares in 2,307 Global Market issues reported for the prior settlement date of May 31, 2016. The Mid-June short interest represents 4.99 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.73 days for the prior reporting period.

Financial Stability Oversight Council Meeting June 24, 2016 - Brexit

Date 24/06/2016

The Financial Stability Oversight Council (Council) convened via telephone today to discuss the United Kingdom referendum on membership in the European Union.  Council members provided updates regarding financial market developments.  The Council noted that the U.S. financial system continues to function in an orderly manner, and that the Council will continue to monitor ongoing developments.

Dutch Finance Minister Jeroen Dijsselbloem Says Brexit Will Impact The City

Date 24/06/2016

Dutch finance minister Jeroen Dijsselbloem, Speaking on Dutch RTL television, said that British financial institutions’ access to the European Union’s internal market will be impacted after the UK leaves the European Union. Dijsselbloem is also the chair of the council of Eurozone finance ministers. Dijsselbloem added that some financial institutions would also leave the City.