News Centre

FINRA Orders An Additional Five Firms To Pay $18 Million In Restitution To Charities And Retirement Accounts Overcharged For Mutual Funds

Date 27/10/2015

The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered five firms to pay restitution estimated at more than $18 million, including interest, to affected customers for failing to waive mutual fund sales charges for eligible charitable organizations and retirement accounts. The following firms were sanctioned.

EBA: Consultation On Guidelines On How Information Should Be Provided Under The BRRD (EBA/CP/2015/18)

Date 27/10/2015

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.

SEC: Developer, Former Top Execs Charged For Improper Accounting Of Real Estate Assets During Financial Crisis

Date 27/10/2015

The Securities and Exchange Commission today charged The St. Joe Company, a Watersound, Florida-based real estate developer and landowner, its former top executives, and two former accounting department directors, with improperly accounting for the declining value of its residential real estate developments during the financial crisis. As a result of this misconduct, St. Joe reported materially overstated earnings and assets in 2009 and 2010.

EBA Consults On Guidelines On How Confidential Information Collected Under The BRRD Should Be Disclosed

Date 27/10/2015

The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.

Thomson Reuters To Present At The 2015 J.P. Morgan Ultimate Services Investor Conference

Date 27/10/2015

Susan Taylor Martin, president of the Legal business of Thomson Reuters (TSX/NYSE: TRI), will present at the J.P. Morgan Ultimate Services Investor Conference in New York on Tuesday, November 10, 2015 at 11:15 a.m. ET. The presentation may include forward looking information.

World Economic Forum’s Summit On The Global Agenda 2015: Meeting Global Challenges Means Revamping Governance Systems

Date 27/10/2015

• The world needs new governance systems to deal with complex global challenges at a time of profound and rapid technological change brought on by the Fourth Industrial Revolution
• To achieve the best results from any governance revamp, leaders need to determine the kind of world people want and design for that
• A discussion of values is crucial for any recasting of governance systems to succeed
• More information about the Summit on the Global Agenda 2015 is available here:http://wef.ch/gac15

China Makes Leaderboards Of 2015 Platts Top 250 Global Energy Company Rankings®

Date 27/10/2015

• First Time in Rankings’ 14 years: 3 Chinese Companies Make it to Top 10; 2 Make it to Top 5
• Both APAC and EMEA Slip in Number, Average Rank and Growth Rates    
• Ongoing Shale Plays Advance Americas’ in the Rankings
• Hindustan Petroleum Corporation Ltd. Chairman Nishi Vasudeva Named 2015 ‘Asia CEO of the Year’

BPIFRANCE, The EIB Group And KFW Invest €75M In Partech Growth To Support Tech Companies

Date 27/10/2015

Bpifrance, the EIB Group (through the European Investment Fund) and KFW today announce their €75M joint investment in Partech Growth. For the first time, these three key-players of the European economic revival invest together in a growth fund.

Opening Remarks At The October 2015 Meeting Of The Equity Market Structure Advisory Committee, SEC Chair Mary Jo White, Oct. 27, 2015

Date 27/10/2015

I am very pleased to welcome you back for the October 2015 meeting of the Equity Market Structure Advisory Committee.  I want to begin by thanking each of you for your flexibility when we postponed the meeting from its originally scheduled date of September 24th.  The road closures and other security measures taken for the Pope’s visit that day would have made travel and convening the meeting very difficult.

Borsa Italiana Welcomes Poste Italiane

Date 27/10/2015

• Biggest IPO in Europe in 2015
• €3.4 billion raised at IPO
• Largest privatisation of an Italian company for 16 years