News Centre

European Electricity & Gas Sector Strongly Supports Anti-VAT Fraud Measures Proposed By The European Commission And The Irish Council Presidency

Date 25/03/2013

Since 2009, our nine European associations, comprising regulators, exchanges, brokers, clearing houses, gas and electricity transmission system operators, energy trading firms as well as gas and electricity utilities, have united to take action to combat VAT fraudsters’ attempts to penetrate our markets, as previously mentioned in our December 2011 Joint Statement. Despite the coordinated action of EU energy stakeholders, a series of measures taken at the national level and our repeated warnings to the authorities, fraudsters have meanwhile become more sophisticated, and signs of initial VAT fraud have been reported in the wholesale electricity and gas sector.

Central Bank Of Cyprus: Special Administrator To Implement The Restructuring Of Laiki Bank

Date 25/03/2013

The CBC announces that in its capacity as the Resolution Authority, it has, as of today, appointed Ms Andri Antoniades as the Special Administrator to implement the restructuring of Laiki Bank.

US Federal Reserve Chairman Ben S. Bernanke , At The Department Of Economics And STICERD (Suntory And Toyota International Centres For Economics And Related Disciplines) Public Discussion In Association With The Bank Of England, London School Of Economics, London, United Kingdom - Monetary Policy And The Global Economy

Date 25/03/2013

I'm very pleased to participate in this conference honoring my good friend Mervyn King. As Mervyn noted in a recent speech in New York, we had adjoining offices at MIT as young academics and never imagined that 30 years later we still would be colleagues--as central bankers. Now, as then, I value his advice and insight.

SEC - NASDAQ: Order Granting Approval Of A Proposed Rule Change To Amend Rule 4626-Limitation Of Liability - Facebook IPO

Date 25/03/2013

I. Introduction

On July 23, 2012, The NASDAQ Stock Market LLC (“Nasdaq” or “Exchange”) filed  with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) and Rule 19b-4 thereunder, a proposed rule  change to amend Exchange Rule 4626—Limitation of Liability (“accommodation proposal”).  The proposed rule change was published for comment in the Federal Register on August 1, 2012. The Commission received 11 comment letters on the accommodation proposal and a response letter from Nasdaq. On September 12, 2012, the Commission extended the time  period for Commission action to October 30, 2012. On October 26, 2012, the Commission  instituted proceedings to determine whether to approve or disapprove the accommodation proposal. The Commission then received six additional comment letters on the proposal and a  second response letter from Nasdaq. On January 23, 2013, the Commission extended the time period for Commission action to March 29, 2013.10 This order approves the proposed rule  change.

Chair Of The European Parliament's Economic And Monetary Affairs Committee MEP Sharon Bowles On Cyprus Deal

Date 25/03/2013

MEP Sharon Bowles, Chair of the European Parliament's economic and monetary affairs committee welcomes the agreement on Cyprus, particularly the recognition that banks can fail and that the deposit guarantee principle must be upheld.

Statement By EU President Barroso On Cyprus

Date 25/03/2013

Good afternoon ladies and gentlemen,

After talks at the highest level with the President of Cyprus, the Eurogroup yesterday reached an agreement on a programme for the Republic of Cyprus that, if properly implemented, we believe will restore the viability of the Cypriot economy.

Remarks By Vice President Rehn On Cyprus At The Eurogroup Press Conference On 25 March 2013

Date 25/03/2013

Thank you for your patience, ladies and gentlemen.

It's been yet another hard day's night. I'm not saying a long and winding road, but it was absolutely essential that an agreement be reached tonight on a financial assistance programme for Cyprus. We now have such an agreement in place, which means that we can now work, starting today, to help the Cypriot people to rebuild their economy.

Statement by the President of the European Council, Herman Van Rompuy, on Cyprus

Date 25/03/2013

President of the European Council, Herman Van Rompuy, made the following statement on Cyprus after the agreement reached by the Eurogroup and the Cypriot authorities on the key elements for a future macroeconomic adjustment programme:

"I welcome the agreement reached by the Eurogroup and the Cypriot authorities early this morning. The agreement is essential to ensure a sustainable future for Cyprus in the euro area. This is first and foremost true for its people that is living through times of great uncertainty.

Announcement Of The Central Bank Of Cyprus On The Eurogroup Agreement On Cyprus

Date 25/03/2013

The President Of The Republic Returns To Cyprus

Date 25/03/2013

The President of the Republic, Mr Nicos Anastasiades, and the delegation that accompanied him during the negotiations with the Eurogroup, in Brussels, on the loan agreement between Cyprus and the Troika, will depart around noon today for Larnaca.