News Centre

Statement By IMF Managing Director Christine Lagarde On The Euro Area Firewall

Date 30/03/2012

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

“I welcome the decision of Euro Area Ministers to strengthen the European firewall. The IMF has long emphasized that enhanced European and global firewalls, together with the implementation of strong policy frameworks, are critical for ending the crisis and securing international financial stability. The combination of the ESM and the EFSF, along with other recent European efforts, will strengthen the European firewall and support the IMF’s efforts to increase its available resources for the benefit of all our members.”

Olli Rehn Vice-President Of The European Commission And Member Of The Commission Responsible For Economic And Monetary Affairs And The Euro Comments At The Informal Ecofin Council Informal Ecofin Council – Press Conference – Bella Centre Copenhagen, 30 March 2012

Date 30/03/2012

Following today's informal meeting of the Ecofin Council in Copenhagen, Vice-president of the European Commission Olli Rehn made the following comments:

Europe’s crisis response has recently made substantial progress in all its fronts, including financial stability, fiscal consolidation and growth-boosting structural reforms.

Securities and Exchange Board of India Broad Guidelines On Algorithmic Trading

Date 30/03/2012

It has been observed that adoption of technology for the purpose of trading in financial instruments has been on a rise over the past few years. Stock brokers as well as their clients are now making increased usage of trading algorithm (hereinafter referred to as “algo”).

Boerse Stuttgart Bondm Segment For Medium-Sized Enterprises - End Of Subscription Period For MITEC Automotive AG Bond - Trading On Bondm Starts On 29 March 2012

Date 30/03/2012

From 19 March 2012 investors had the opportunity to subscribe to the corporate bond of MITEC Automotive AG via the Boerse Stuttgart Bondm segment for medium-sized enterprises. The period for subscription to the bond issue via the Bondm subscription box ended on 28 March. However, subject to the premature end of subscriptions, it is now possible to subscribe to the issue directly via the company until October 2012.

U.S. Department Of The Treasury: Mary John Miller Confirmed As Under Secretary For Domestic Finance

Date 30/03/2012

Mary John Miller was confirmed by the United States Senate yesterday to serve as the U.S. Department of the Treasury's Under Secretary for Domestic Finance. As Under Secretary for Domestic Finance, Miller will be responsible for developing and coordinating Treasury’s policies and guidance in the areas of financial institutions, federal debt financing, financial regulation, and capital markets.

Maple Group And TMX Group Announce Extension Of Offer To TMX Group Shareholders To April 30, 2012

Date 30/03/2012

Maple Group Acquisition Corporation ("Maple"), a corporation whose investors comprise 13 of Canada’s leading financial institutions and pension funds, and TMX Group Inc. ("TMX Group") (TSX:X), today announced the extension of Maple’s offer to acquire a minimum of 70% and a maximum of 80% of the shares of TMX Group to 5:00p.m. (Eastern Time) on Monday, April 30, 2012, unless further extended or withdrawn. The offer is part of an integrated acquisition transaction, valued at approximately $3.8 billion, to acquire 100% of TMX Group shares. The TMX Group Board of Directors continues to unanimously recommend that shareholders accept and tender their shares under the Maple offer.

NYSE Liffe To Launch Equity Options On Ziggo

Date 30/03/2012

NYSE Liffe, the Europe-based derivatives business of NYSE Euronext (NYX), will add options on the shares of Ziggoto its highly successful range of equity option classes. The launch of options follows the successful initial public offering of Dutch cable operator Ziggo which took place on March 21st. This IPO was the largest in Europe in almost a year. The Ziggo options will be introduced on the Amsterdam derivatives market of NYSE Liffe on 12 April 2012.

ESMA Publishes The Draft Technical Standards On Short Selling

Date 30/03/2012

Regulation (EU) No 236/2012 of the European Parliament and of the  Council of 14 March on short selling and certain aspects of credit  default swaps (the Regulation)  requires ESMA to develop draft  regulatory (RTS) and implementing technical standards (ITS) in relation  to several provisions contained in Articles 9, 11, 12 and 16 of the  Regulation.

MAB Welcomes Ibercom To The Market

Date 30/03/2012

MAB today welcomed IBERCOM to its segment for growth companies. It is the  twentieth company to list on this market and has raised €2.5 million through the  listing.

Mexico’s Banking System Is Resilient, But Global Risks Have Increased, IMF Says

Date 30/03/2012

Mexico’s financial system proved resilient during the first wave of the global financial crisis, but authorities will need to remain vigilant given the risk of spillovers from global shocks, the International Monetary Fund (IMF) said in a new report. Although the country was hit hard by the crisis, with economic activity falling sharply in 2009 and financial markets experiencing severe stress, the broader system reacted well and spillovers were contained. In general, Mexico’s banks are profitable and well capitalized. Mexican authorities should take advantage of the economic recovery now underway to consolidate recent gains in the scope of financial sector supervision by establishing a fixed term for the President of the Comision Nacional Bancaria y de Valores (CNBV) and adjusting the composition of its Board, the IMF said in its latest Financial Sector Assessment Program (FSAP) of Mexico, which was published today. The FSAP was conducted in cooperation with the World Bank.