News Centre

Statement By EIB president Hoyer Following Press Reports On The EIB Group Position On Greece

Date 23/02/2015

Following press reports about the EIB Group’s position on Greece, EIB President Werner Hoyer issued the following statement:

“The EIB Group looks forward to increasing its financing for projects in Greece. As a long term investor institution for the whole EU, the EU Bank does not apply country quotas but evaluates funding opportunities based on the number, nature and quality of the projects that are submitted to it. Accordingly, the EIB cannot predict the amount of lending it will make available for any given country. Subject to this model, the Bank is actively looking for opportunities and proposals for project funding in Greece and to options for increasing its overall level of financial involvement in the country."

Thomson Reuters Hosts 4th Trading Africa Summit In March

Date 23/02/2015

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that the 4th Trading Africa Summit will take place on March 4th & 5th in Cape Town, South Africa.

UK’s Financial Conduct Authority Sets Out Approach To Non-Executive Directors And The Senior Managers Regime

Date 23/02/2015

Non-Executive Directors (NEDs) with specific responsibilities, such as Chairman, will come under the new Senior Managers Regime (SMR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) confirmed today.

Investors Urged To Invest Overseas To Mitigate Risks Posed By UKIP Gains

Date 23/02/2015

Investors need to take precautions against a fall in the value of UK assets, which may be triggered by UKIP gains at the polls, warns one of the world’s largest independent financial advisory organisations.  It advises sterling-based investors to consider increasing exposure to overseas markets.

UK's Financial Conduct Authority Challenges Firms To Review Approach To Consumer Vulnerability

Date 23/02/2015

• Some vulnerable consumers meeting a ‘computer says no’ approach 
• FCA Occasional Paper on Vulnerability is first step in regulator and industry addressing issue 
• Challenge set to grow over the coming years so a clear need to develop more inclusive policies 
• FCA provides Practitioners’ Pack for firms 
• Video: Industry leaders give their view on vulnerability 
• All information at: fca.org.uk/consumer-vulnerability

Better Finance: A Successful “Capital Markets Union” Initiative Must Involve And Attract Individual Investors

Date 23/02/2015

Better Finance, the European Federation of Financial Services Users, welcomes the European Commission initiative and the Green Paper on Building a Capital Markets Union (CMU).  We fully agree that indeed:

• Europe needs to “find ways of linking investors and savers with growth”;
• “Capital markets need to play a larger role in channeling financing to the economy”; and
• Europe needs to “boost the flow of institutional and retail investment into capital markets”.

BME Clearing Applies For Authorisation To Launch A New Segment For Interest Rate Swaps

Date 23/02/2015

• The Spanish CCP segments would increase to 4: financial and energy derivatives, repos and now, OTC IRS
• The Interest Rate Swaps market is the largest globally, with annual gross notional outstanding exceeding 550 trillion Euros  

Dubai Financial Market (DFM) Signs Memorandum Of Understanding With Korea Securities Finance Corporation - The MoU Outlines Key Areas Of Cooperation Including Exchange Of Information And Training Of Staff

Date 23/02/2015

Dubai Financial Market (DFM) has signed a Memorandum of Understanding (MoU) with Korea Securities Finance Corporation (KSFC) in order to create a mechanism for long-term co-operation to foster the continuing relationship between the two sides for the benefit of the respective securities markets in Dubai and Korea.

Genscape: Mannheim Unit 9 Operational Ahead Of Official Commissioning Date

Date 23/02/2015

With reports from GMK that Mannheim Unit 9 is on time for commissioning in May 2015, it is important to know when the unit is undergoing full-performance testing in order to gain valuable information on additional power supply in Germany. Genscape's New Built & Decommissioning Report was released to Power Real-Time subscribers on Friday, February 20, giving users timely insight to Mannheim Unit 9, as it was confirmed during an on-site visit that the unit is in fact feeding into the grid, even though it is still in testing period.

ECB Joins Misys Infusion Programme To Promote Core Banking In Africa

Date 23/02/2015

Misys, the leading financial software company, has signed an agreement with ECB, a Zimbabwe-based application software and services provider, to join the Misys InFusion partner programme.  Working with banks and government institutions in Zimbabwe, Malawi, Angola, Botswana, Zambia and other African countries, ECB provides expertise in application development, managed services, strategic sourcing, training and consulting, designed to bring efficiency and automation to client companies.