News Centre

Dubai Financial Market Announces Its Board Of Directors Meeting To Be Held On 17 July 2014

Date 14/07/2014

The Board of Directors of Dubai Financial Market  PJSC  will  hold its Board of Directors meeting on Thursday 17 July 2014, at 2:00PM at Borse Dubai to discuss the  financial performance  of  the  company and  approve  the   Review  report   and  condensed consolidated interim financial information for the six month period ended 30 June 2014. And discuss the normal business activities and any business issues as arise.

Financial Industry Associations Urge TTIP Negotiators To Include Financial Services Regulatory Coordination In US-EU Trade Agreement

Date 14/07/2014

The Financial Services Forum (FSF), the Financial Services Roundtable (FSR), the Institute of International Finance (IIF) and the Securities Industry and Financial Markets Association (SIFMA) issued the following statement on the next round of negotiations of the Transatlantic Trade and Investment Partnership (TTIP) currently underway in Brussels:

"As the next round of trade negotiations moves forward, the financial services industry reiterates its position that it is imperative to include financial services regulatory coordination as a key component of TTIP. With a global economy and intertwined financial markets, the financial sector cannot continue to work under misaligned, uncoordinated regulatory regimes. A framework for coordination of financial services regulation between the US and EU would reduce conflict and complexity, and improve the efficiency of regulations across borders to the benefit of market participants, their customers and regulators. We urge negotiators to capitalize on this TTIP meeting in Brussels to promote high-quality regulatory standards that promote consistency, coordination, and resilience in our transatlantic markets."

Remarks By US Associate Attorney General West At Press Conference Announcing Major Financial Fraud

Date 14/07/2014

Thank you, Mr. Attorney General, and thank you all for being here today. 

With today's $7 billion resolution against Citibank -- one of the largest banks in the United States -- we reaffirm the straightforward principle that no institution is too big or too powerful to escape appropriate enforcement action.

SIFMA Publishes Recommendations For Enhancing Fairness, Stability And Transparency In US Equity Markets

Date 14/07/2014

SIFMA today published a set of recommendationson equity market structure for enhancing fairness, stability and transparency in the U.S. stock market.

US Attorney General Holder Speaks At Press Conference Announcing Major Financial Fraud

Date 14/07/2014

Good morning – and thank you all for being here.  Today, I am joined by Associate Attorney General [Tony] West; United States Attorney for the Eastern District of New York [Loretta] Lynch; United States Attorney for the District of Colorado [John] Walsh; and Acting Inspector General for the Federal Housing Finance Agency [Michael] Stephens – as we announce a significant step in our ongoing effort to hold accountable those whose actions have threatened the integrity of our financial markets and undermined the stability of our economy.

New York Attorney General Eric T. Schneiderman Announces $182 Million For New Yorkers As Part Of $7 Billion Citigroup Settlement - RMBS Task Force, Co-Chaired By Schneiderman, Produces Second-Largest Settlement Ever Levied Against A Financial Institution In United States - Schneiderman: “Today’s Settlement Is A Major Victory In The Fight To Hold Those Who Caused The Financial Crisis Accountable”

Date 14/07/2014

Attorney General Eric T. Schneiderman today joined members of a state and federal working group he co-chairs to announce that $182 million – $92 million in cash, and at least $90 in consumer relief – would be allocated to New York State as part of a $7 billion settlement with Citigroup. As part of the settlement, Citigroup acknowledged it made serious misrepresentations to the public – including the investing public – arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities (RMBS) by Citigroup. The resolution also requires Citigroup to provide relief to underwater homeowners, distressed borrowers, and affected communities through a variety of means including financing affordable rental housing developments for low-income families in high-cost areas. 

Justice Department, Federal And State Partners Secure Record $7 Billion Global Settlement With Citigroup For Misleading Investors About Securities Containing Toxic Mortgages - Citigroup To Pay The Largest Penalty Of Its Kind - $4 Billion

Date 14/07/2014

The Justice Department, along with federal and state partners, today announced a $7 billion settlement with Citigroup Inc. to resolve federal and state civil claims related to Citigroup’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) prior to Jan. 1, 2009.  The resolution includes a $4 billion civil penalty – the largest penalty to date under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).  As part of the settlement, Citigroup acknowledged it made serious misrepresentations to the public – including the investing public – about the mortgage loans it securitized in RMBS.  The resolution also requires Citigroup to provide relief to underwater homeowners, distressed borrowers and affected communities through a variety of means including financing affordable rental housing developments for low-income families in high-cost areas.  The settlement does not absolve Citigroup or its employees from facing any possible criminal charges.

Grant Angwin Elected New London Bullion Market Association Chairman

Date 14/07/2014

At the twenty-sixth Annual General Meeting on 11th July 2014, Grant Angwin of Johnson Matthey was elected as the Chairman of the LBMA.

Equity Crowdfunding: New 'Secret' Rules For Social Media Users - A "Terrifying Misuse Of Legislation"

Date 14/07/2014

A briefing and submission to Ministers handed to Treasury officials today documents how the FCA (Financial Conduct Authority) is abusing legislation created before the social web existed to gag its use with equity Crowdfunding. Their action, which extends to anyone even mentioning a crowdfund online, is also threatening free speech and free expression, according to leading lawyers.

Xetra/Börse Frankfurt: Five New ETNs From ETF Securities Launched On Xetra - ETNs Offer Access To Foreign Currency Markets Via Currency Baskets

Date 14/07/2014

Five ETNs on currency baskets from the ETF Securities product offering have been tradable on Xetra since Monday. The new ETNs track the performance of four tactical and one strategic currency basket.