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  • ITRS Appoints Kevin Covington As Managing Director Of ITRS Europe

    Date 09/02/2009

    ITRS Group plc, the pre-eminent provider of management and monitoring tools for the world’s financial community, has appointed Kevin Covington as managing director, ITRS Europe. This new position was created in response to the substantial growth of the business and increasing demand in Europe, Asia and North America.

  • Independent Review Of Corporate Governance Of UK Banking Industry By Sir David Walker

    Date 09/02/2009

    The Chancellor of the Exchequer, the Secretary of State for Business, Enterprise and Regulatory Reform and the Financial Services Secretary to the Treasury today announced a review to recommend measures to improve the corporate governance of UK banks, particularly with regard to risk management.

  • Clearstream’s Activity Figures For January 2009

    Date 09/02/2009

    In January 2009, the value of assets under custody held on behalf of customers registered a 5 percent decrease to €10.0 trillion (January 2008: €10.5 trillion), primarily due to lower equity market valuations. Securities held under custody in Clearstream’s international business experienced a rise of 8 percent from €4.9 to €5.3 trillion while domestic German securities held under custody decreased by 16 percent from €5.6 trillion to €4.7 trillion.

  • Encouraging Start To 2009 For DGCX - Volumes Grow 33% Month-On-Month, Led By Gold And Currencies

    Date 09/02/2009

    Dubai Gold & Commodities Exchange (DGCX) today said volumes for the first month of this year had started on an encouraging note despite the challenging global economic environment, with overall volumes in January growing 33% on the previous month.

  • Islamic Finance Shows Resilience As London Consolidates Position As Key Western Centre

    Date 09/02/2009

    The global market for Islamic financial services rose by 37% to $729bn at end-2007. In 2008, IFSL’s Islamic Finance report notes that the industry has felt the influence of the credit crunch and downturn in the global economy - Sukuk issuance has more than halved and the value of equity funds has fallen. Islamic banks, however, have been less affected than many conventional banks as they are prohibited from activiti