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  • Shanghai Stock Exchange: Possible Ways For Relisting Of B-Share Companies

    Date 09/08/2012

    How can B-share companies do to relist their stocks?

    It aroused wide concern of market participants and all walks of life that some B-share companies were recently confronted with delisting for meeting non-financial indicators. Concerning such kind of questions, the Shenzhen Stock Exchange and the Shanghai Stock Exchange (SSE) successively responded to them through answers to reporters' request. The two exchanges' attitude towards the questions was as follows. Firstly, B shares meeting delisting indicators shall be delisted according to law. Secondly, B-share companies are encouraged to keep listing their stocks in a legal way. Thirdly, the B-share companies meeting relisting requirements after voluntary delisting will be arranged for relisting according to historical factors and their demands.

  • CME Group Inc. Declares Quarterly Dividend

    Date 09/08/2012

    CME Group, the world's leading and most diverse derivatives marketplace, today declared a third-quarter dividend of $0.45 per share, payable September 25, 2012, to shareholders of record September 10, 2012.  The amount of the dividend per share reflects the company's five-for-one split of its common stock, effective July 20.

  • Former Deloitte Partner Pleads Guilty In Chicago To Illegally Profiting $420,000 From Insider Trading Involving Firm’s Clients

    Date 08/08/2012

    A former partner at a major accounting firm in Chicago pleaded guilty today to engaging in insider trading after he obtained material, non-public information about publicly traded clients and used the information himself and shared it with a relative to make illegal trading profits.  The defendant, Thomas P. Flanagan, a certified public accountant, was a partner in the Chicago office of Deloitte & Touche LLP when he engaged in insider trading between December 2006 and May 2008.

  • U.S. Federal Reserve Board Extends Comment Period On Three Proposed Capital Rules Rulemakings Until October 22, 2012

    Date 08/08/2012

    The Federal Reserve Board on Wednesday announced the extension of the comment period until October 22, 2012, on three notices of proposed rulemaking that would revise and replace current capital rules. The proposals by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency would implement the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

  • FESE Response To ESMA Consultation Paper On EMIR Technical Standards

    Date 08/08/2012

    FESE welcomes the opportunity to make suggestions to the draft technical standards proposed by ESMA. On liquidity fragmentation, FESE members believe that ESMA is interpreting its mandate too widely by proposing not only a definition but also the remedies to the potential issues posed by liquidity fragmentation. In addition, our members believe that the definition of liquidity fragmentation proposed is too narrow. With regard to the way in which CCPs should manage their resources, we consider that ESMA should have a more realistic recognition of the fact some CCPs belong to a wider group and may share resources within the group. Finally, FESE members believe that the technical standards should include a minimum liquidation period of 1 day for listed derivatives, rather than 2 days, as this would be well within safety margins and in line with other major jurisdictions.