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  • Nymex Names New Head Of Houston Office

    Date 07/10/2003

    The New York Mercantile Exchange, Inc., today announced that Marianne Hughes has been retained as director of its Houston office.

  • North American Securities Administrators Association Comment Letter Regarding OCC Notice Of Proposed Rulemaking

    Date 07/10/2003

    NASAA yesterday objected to proposed rules from the Office of the Comptroller of the Currency that would seek to significantly expand existing preemption standards applicable to national banks and their operating subsidiaries. In a comment letter to the OCC, NASAA President and Connecticut Securities Director Ralph A. Lambiase said "the potential impact of the OCC’s proposal on this country’s banking system and all consumers is enormous." Lambiase said NASAA believes the proposal "raises the leg

  • Monte Titoli Launches Express II The New Settlement System

    Date 07/10/2003

    Monte Titoli, a company of Borsa Italiana Group, in agreement with Banca d'Italia has drawn up the timetable for the launch of Express II, the new system for settlement of securities transactions.

  • Kuala Lumpur Stock Exchange: More Flexibility In Share Buy-Backs For Market Efficiency

    Date 07/10/2003

    The Kuala Lumpur Stock Exchange (KLSE) has made amendments to the KLSE Listing Requirements (LR) to provide listed companies more flexibility in relation to share buy-backs. Listed companies were first allowed under the Guidelines issued by KLSE, to buy back their own shares in September 1997.

  • Investment Services Directive: Council Agreement Is Major Step Towards Integrated EU Equities Market

    Date 07/10/2003

    The European Commission has welcomed the Council's political agreement on the proposed Investment Services Directive. The proposed Directive would increase harmonisation of national rules and give investment firms an effective "single passport", which would allow them to operate throughout the EU on the basis of authorisation in their home Member State. It would also make sure investors enjoyed a high level of protection when employing investment firms, wherever in Europe they were located. It s

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