News Centre

European Commission Wants Stronger And More Responsible Banks In Europe

Date 20/07/2011

Banks have been at the centre of the financial crisis the global economy is facing since 2008. ¹ Lessons have been drawn from this and mistakes of the past should not repeat themselves. This is why the European Commission has brought forward today proposals to change the behaviour of the 8000 banks that operate in Europe The overarching goal of this proposal is to strengthen the resilience of the EU banking sector while ensuring that banks continue to finance economic activity and growth. The Commission's proposals have three concrete goals.

Michel Barnier Member Of The European Commission Responsible For Internal Market And Services CRD IV CRD IV – Press Conference Brussels, 20 July 2011

Date 20/07/2011

Today, the European Commission is adopting a major proposal to restore stability to financial markets.

Convergex Group Announces Definitive Agreement To Be Acquired By CVC Capital Partners - Transaction To Accelerate Growth Of The Global Technology Company

Date 20/07/2011

ConvergEx Group ("ConvergEx"), a leading technology company, today announced that its parent company ConvergEx Holdings, LLC has signed a definitive agreement to be acquired by funds advised by CVC Capital Partners ("CVC") in an all cash transaction expected to close in the early autumn.

Egyptian Exchange Market Holiday - Sunday 24 July

Date 20/07/2011

EGX will be closed on Sunday 24/07/2011 as a replacement to the 23rd of July Revolution vacation. Trading will be resumed effective Monday 

FINRA Suspends William Bailey, Former NEXT Financial Broker, For Two Years For Improper Trading In Customer Accounts And Other Violations

Date 20/07/2011

The Financial Industry Regulatory Authority (FINRA) announced today that it has suspended William Bailey, a former NEXT Financial Group, Inc. broker of Mesa, Arizona, from the securities industry for two years for unsuitable and excessive trading of mutual funds and variable annuities.

Tokyo Financial Exchange: Rollover Of Leading Contract Month For Three-Month Euroyen Futures (Effective From 19 July 2011)

Date 20/07/2011

Tokyo Financial Exchange has decided to shift the leading contract month for Euroyen futures from the current March 2012
contracts to the June 2012 contracts, effective from 19 July 2011.

ESMA Consults On Systems And Controls For Highly Automated Trading

Date 20/07/2011

• ESMA publishes a consultation paper (ESMA/2011/224) today setting out its proposals for detailed guidelinesfor trading platforms, investment firms and competent authorities to address challenges of a highly automated trading environment, of which high frequency trading (HFT) is an important part.

Extraordinary Annual General Shareholders Meeting Of OJSC RTS To Take Place On August 5, 2011

Date 20/07/2011

On June 21, 2011 the Board of Directors of Open Joint Stock Company "Russian Trading System" Stock Exchange (hereinafter referred to as OJSC RTS) made the decision to conduct an extraordinary general shareholders meeting of the Company.

UK's Financial Services Authority Takes Action Against Directors Of IFA Firm For Recommending Unsuitable Investments

Date 20/07/2011

The Financial Services Authority (FSA) has imposed prohibitions on Paul Banfield and Anthony Moss, former directors of Best Advice Financial Planning Limited (Best Advice), a small independent financial advice firm which was based in Surrey. Best Advice was dissolved on 18 July 2011.

BM&FBOVESPA Announces Questionnaire For Selection Of 2012 ISE Portfolio - Questionnaire Approved By The ISE Deliberative Council Includes New Transparency Question

Date 20/07/2011

The questionnaire to decide the companies for the 2012 Corporate Sustainability Index (ISE) portfolio is available on the website www.isebvmf.com.br. , BM&FBOVESPA announced on Tuesday.