News Centre

ECOFIN Focuses On Banking Structural Reform And Capital Markets Union

Date 19/06/2015

On Friday, June 19, the Minister for Finance, Jānis Reirs chaired the meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Brussels. During the meeting, the EU Member States expressed their views on the Banking structural reform, Capital markets union and other issues.

Hong Kong's Securities And Futures Commission: Former Licensee Given Community Services And Cold Shoulder Order For False Trading

Date 19/06/2015

The Kowloon City Magistrates’ Court today sentenced Mr Wong Chun to a statutory maximum of 240 hours of community service and imposed a cold shoulder order against him for two years for false trading in the shares of Sino-Tech International Holdings Limited (Sino-Tech) (Notes 1 & 2).

European Commission - Statement: Speaking Notes Of Commissioner Jonathan Hill On Bank Structural Reform At ECOFIN meeting

Date 19/06/2015

"Enormous progress has been made in the last few months. And I want to pay tribute to the Presidency – for all the time and energy dedicated to this file. As well as to my own services who have worked hand in hand with the Presidency and with all delegations on this complex and sensitive file.

The Commission originally brought forward a proposal in January last year. It was one of a package of measures to learn the lessons from the financial crisis and to strengthen our banking system and reinforce financial stability."!

Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

Date 19/06/2015

June 2015

Market operations

Substitute purchases by Eesti Pank

On 2 June 2015 the Governing Council decided that, owing to the lack of government and agency bonds needed to accommodate the Estonian benchmark allocation under the PSPP, Eesti Pank could conduct substitute purchases via the acquisition of marketable debt instruments issued by the Estonian public non-financial corporate Elering AS.

Intervention In Today’s ECOFIN By Greece’s Minister Of Finance Yanis Varoufakis After The Eurogroup President Briefed The Meeting On The Previous Day’s Eurogroup Discussion On Greece’s Negotiations With Its Creditors

Date 19/06/2015

In yesterday’s Eurogroup the Greek authorities presented a wide-ranging, comprehensive and credible proposal that can be the foundation of an agreement that not only concludes the current program but also, importantly, addresses decisively, and permanently, Greece’s future funding needs. Regrettably, no discussion of our proposal took place within the Eurogroup. 

BME: Grenergy Receives Favourable Report From MAB - A Renewable Energy Producer With Presence In Latin America

Date 19/06/2015

The Coordination and Admissions Committee of the Mercado Alternativo Bursátil (MAB) has submitted to the Board of Directors a favourable report onGRENERGY RENOVABLES, stating that the company is eligible for admission to the market’s Growth Companies segment following a thorough review of all the information presented by the company. The final approval of MAB’s Board of Directors is required before the shares of the company – the 30th to list on this market - can be admitted for trading.

UK’s Financial Conduct Authority: Individual Sentenced For Role In Operating Unauthorised Collective Investment Scheme

Date 19/06/2015

Having been convicted on 29 May 2015 following a trial at Southwark Crown Court, Adam Hawkins was today sentenced to six years and nine months imprisonment for his involvement in operating an unauthorised collective investment scheme through three land banking companies as a result of which over 110 investors lost at least £4.3 million. Mr Hawkins primarily worked as a salesman and was involved in the management of the three land banking companies Plott UK, European Property Investments (UK) Ltd and Stirling Alexander Limited.

Financial Information Forum Members Release Retail Execution Quality Statistics

Date 19/06/2015

The Financial Information Forum (FIF) is launching a program to provide retail investors with more visibility into execution quality measures. Through the new program, broker-dealers will voluntarily publish standardized statistics that will measure the quality of trade executions on retail investor orders in exchange-listed stocks. Several FIF member firms have agreed to produce a report each quarter that is meaningful and understandable to retail investors.

London Stock Exchange Group Announces Appointment Of New Chairman

Date 19/06/2015

London Stock Exchange Group (the “Group”) today announces that Donald Brydon CBE has been appointed as the Group’s new Chairman.

Euronext Welcomes IFF To Its Paris Market - First Fast-Path Lisitng In Paris In 2015 - Market Capitalisation €11,5 BN (Including The Shares Held In Treasury)

Date 19/06/2015

International Flavors & Fragrances Inc., a leading global creator of flavors and fragrances for consumer products, today completed its cross-listing in Paris (ticker code: IFF) using the Euronext Paris Fast Path procedure. IFF is the first US-listed company to make use of this streamlined, cost-efficient process in 2015, and the fifteenth to do so since Fast Path was first introduced on Euronext markets in 2008.