Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

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  • Warsaw Stock Exchange And Gazeta Giełdy Parkiet Sign Memorandum Of Understanding For The Capital Market

    Date 19/12/2012

    • On 19 December 2012, representatives of the WSE and GG Parkiet signed a letter of intent concerning co-operation in support of the Polish capital market
    • The main goals of co-operation are to enhance the quality of knowledge of capital market participants and improve their access to information

  • Statement From The Non-Executive Directors Of The Bank Of England - Mark Carney Salary

    Date 19/12/2012

    Under statute the Non-Executive Directors of the Bank of England determine the remuneration of the Governor and the Deputy Governors.   At their recent meeting, they confirmed their agreement to the salary of the next Governor when he takes up his appointment on 1st July 2013 which will be £480,000 per annum and to his entitlement to a cash allowance in lieu of pension of 30% of salary.   Although the next Governor’s salary of £480,000 is considerably higher than the salary of the current Governor (£305,000) the cost to the Bank of enrolling him in the now closed Pension Scheme previously available to the Governor and Deputy Governors would approximate to more than 100% of salary.   This compares with the 30% cash allowance in lieu of pension to which the next Governor will become entitled.

  • U.S. Assistant Attorney General Lanny A. Breuer Speaks At The UBS Press Conference

    Date 19/12/2012

    Thank you, Attorney General Holder.  

    Today, UBS Japan has agreed to plead guilty in connection with one of the most significant scandals ever to hit the global banking industry.   For years, including at the height of the financial crisis, UBS manipulated its submissions to the British Bankers’ Association for calculation of the London Interbank Offered Rate, or LIBOR.   UBS AG, the banking giant and parent company of UBS Japan, has also entered into a non-prosecution agreement with the Justice Department, agreeing together with UBS Japan to pay $500 million to resolve our allegations related to the bank’s manipulation of LIBOR.   Together with approximately $1 billion in regulatory penalties and disgorgement, these criminal penalties bring the total amount of today’s resolution to $1.5 billion.

  • Statement Of Support By CFTC Commissioner Scott D. O’Malia For Bringing And Settling Charges Against UBS AG And UBS Securities Japan, Co., Ltd.

    Date 19/12/2012

    I fully support an internationally coordinated enforcement effort to bring charges against UBS AG and UBS Securities Japan Co., Ltd for manipulation and false reporting of certain global benchmark interest rates. In the wake of a series of scandals involving these benchmarks, I urge U.S and international regulators to implement a comprehensive transaction-based solution to assessing the accuracy of such rates to ensure integrity of global financial markets.

  • U.S. Attorney General Eric Holder Speaks At The UBS Press Conference

    Date 19/12/2012

    Good morning – and thank you all for being here.   Today, I’m joined by Assistant Attorney General Lanny Breuer, of the Justice Department’s Criminal Division; Deputy Assistant Attorney General Scott Hammond, of the Antitrust Division; David Meister, Director of Enforcement for the U.S. Commodity Futures Trading Commission; and Associate Deputy Director Kevin Perkins, of the FBI – as we announce the latest actions in our ongoing efforts to investigate and prosecute financial crimes – and to move both fairly and aggressively in bringing the perpetrators of these crimes to justice.