News Centre

Update By The IASB And FASB For The G20 Meeting Of Finance Ministers And Central Bank Governors

Date 16/03/2013

Convergence projects

As requested, this report is a high-level update on the status and timeline of the remaining convergence projects.  This includes an update on the impairment phase of our joint projecton financial instruments (included in the appendices to this report).

FSB Chair Letter Sent To The G20 Ministers And Governors

Date 16/03/2013

Financial market conditions have improved over recent months. Nonetheless, medium-term downside risks remain, given weak growth prospects and high levels of public and private sector debt in many economies.

Third Meeting Of The Financial Stability Board Regional Consultative Group For The Middle East And North Africa

Date 16/03/2013

Today, the Saudi Arabian Monetary Agency hosted the third meeting of the FSB Regional Consultative Group for the Middle East and North Africa (RCG-MENA) in Riyadh City. In 2011, six regional consultative groups¹ of the FSB were established responding to the call of the G20 Leaders at the Toronto Summit (June 2010), to bring together financial authorities from FSB member and non-member countries to exchange views on vulnerabilities affecting financial systems and on initiatives to promote financial stability.

Tehran Stock Exchange New Year Holidays' Announcement

Date 16/03/2013

Tehran Stock Exchange will be closed from Tuesday, March 19 to Sunday, March 24 to celebrate the Iranian New Year – Nowruz - Holidays. Our offices will reopen on Monday, March 25, 2013.

ADX Discusses Cooperation With Korean Counterpart

Date 16/03/2013

Abu Dhabi Securities Exchange (ADX) received last week a delegation from Korea Stock Exchange (KRX).  The two parties signed a Memorandum of Understanding in January of the year 2013 and the visit comes to further develop the ongoing cooperation between the exchanges under the terms of the MoU. 

IMF Statement On Cyprus At The Eurogroup Meeting

Date 16/03/2013

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today following the Eurogroup meeting:

“I welcome the agreement reached today to address Cyprus’ economic challenges. The IMF has always said that we would support a solution that is sustainable, that is fully financed, and that appropriately allocates the burden sharing. I believe that the agreed package meets these three objectives. On this basis, I intend to make a recommendation to our Executive Board for the IMF to contribute to the financing of the package.”

BATS 1000 Index Rises 0.8% This Week

Date 15/03/2013

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 133.59 points, or 0.8%, this week to close at 17,661.31 as of the 4 p.m. ET market close today. 

SIFMA Market Close Recommendations For Good Friday And U.K. Easter Monday Holidays In The US, The UK And Japan

Date 15/03/2013

In observance of the Good Friday and U.K. Easter Monday holidays, SIFMA made holiday recommendations for the U.S., the U.K., and Japan.

SEC: CR Intrinsic Agrees To Pay More than $600 Million In Largest-Ever Settlement For Insider Trading Case

Date 15/03/2013

The Securities and Exchange Commission today announced that Stamford, Conn.-based hedge fund advisory firm CR Intrinsic Investors has agreed to pay more than $600 million to settle SEC charges that it participated in an insider trading scheme involving a clinical trial for an Alzheimer’s drug being jointly developed by two pharmaceutical companies.

CFTC Commitments Of Traders Reports Update

Date 15/03/2013

The current reports for the week of March 12, 2013 are now available.