News Centre

IMF Statement On The Executive Board’s Conclusion Of Meetings With Candidates For The Position Of The Next Managing Director

Date 24/06/2011

Mr. A. Shakour Shaalan, Dean of the Executive Board of the International Monetary Fund (IMF), issued the following statement today following meetings with the two candidates for the position of the next Managing Director.

Bursa Malaysia Derivatives Crude Palm Oil Futures (FCPO) Open Interest Hits Record High

Date 24/06/2011

Open interest for crude palm oil futures (FCPO) on Bursa Malaysia Derivatives (BMD) hit an all-time high of 116,442 contracts on 23 June 2011, surpassing the previous open interest record of 115,257 contracts on 20 June 2011. This is due to stronger interest in FCPO contracts by local and international traders in the FCPO market.

Statement By Christine Lagarde To The IMF Executive Board

Date 24/06/2011

Members of the Executive Board,

Let me first thank you for the very productive bilateral meetings I had with each of you yesterday and this morning. I truly value the occasion to exchange views and to benefit from your insight. I am equally honoured to deliver to the full Executive board some preliminary remarks, before answering any question you might have.

NZX CEO Share Transfer

Date 24/06/2011

NZX confirms to the market that, under the terms of the 2007 CEO Share Plan, NZX CEO Mark Weldon purchased 896,264 NZX shares that had met the requirements for qualification under the Plan on 21 June 2011. 

Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices

Date 23/06/2011

Standard & Poor's Canadian Index Operations announces the following index changes:

• The shareholders of TimberWest Forest Corp. (TSX:TWF.UN) have accepted the $CDN6.16 cash per unit offer from the British Columbia Investment Management Corporation (bcIMC) and the Public Sector Pension Investment Board (PSP Investments). TimberWest will be removed from the S&P/TSX SmallCap Index after the close of Tuesday, June 28, 2011.

CalPERS Receives Award For Programs Supporting Diversity In Financial Industry

Date 23/06/2011

The California Public Employees’ Retirement System (CalPERS) has been honored for promoting diversity in the securities industry.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 23/06/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, June 23, 2011:

• Lion Energy Corp. (TSXVN:LEO) will be removed from the index. The company will be delisted from the TSX Venture Exchange at the request of the company.
• The Skor Food Group Inc. (TSXVN:SKF) will be removed from the index. The shares of the company have been acquired by Colabor Group Inc.

Maple Group Comments On ISS Recommendation To TMX Group Shareholders

Date 23/06/2011

Maple Group Acquisition Corporation ("Maple"), a corporation whose investors comprise 13 of Canada’s leading financial institutions and pension funds, today commented on the recommendation made by Institutional Shareholder Services Inc. (“ISS”) to its clients regarding the proposed takeover of TMX Group by London Stock Exchange Group plc (“LSE”).

CFTC Announces Members Of The Technology Advisory Subcommittee On Data Standardization - Subcommittee Will Look Into Public/Private Solutions For Creating Well-Accepted Standards For Describing, Communicating, And Storing Data On Complex Financial Products

Date 23/06/2011

The Commodity Futures Trading Commission (CFTC) has selected the members of the Subcommittee on Data Standardization, a new Subcommittee of the CFTC’s Technology Advisory Committee. The Subcommittee will report its recommendations to the full Technology Advisory Committee.

Speech By SEC Commissioner Elisse B. Walter: Opening Statement At SEC Open Meeting: (1) Rules Implementing Amendments To The Advisers Act Of 1940 (Final Rules); (2) Exemptions For Advisers To Venture Capital Funds, Private Fund Advisers With Less Than $150 Million In Assets Under Management, And Foreign Private Advisers (Final Rules)

Date 23/06/2011

I would like to thank the staff of the Division of Investment Management, and the other divisions and offices who have worked on the recommendations before us this morning. I know that your names have been mentioned already, but I wanted to make sure to echo the appreciation expressed by my colleagues. I would also like to welcome Craig Lewis, as the new Chief Economist and Director of RiskFin.