News Centre

US Department Of Justice: State Street Bank To Pay $382 Million To Settle Allegations Of Fraudulent Foreign Currency Exchange Practices

Date 27/07/2016

U.S. Attorney Carmen M. Ortiz for the District of Massachusetts, Director Andrew J. Ceresney of the Division of Enforcement for the Securities and Exchange Commission (SEC) and Secretary Thomas E. Perez of the U.S. Department of Labor (DOL), announced today that State Street Bank and Trust Company, a Massachusetts-based financial institution, agreed to pay a total of at least $382.4 million, including $155 million to the Department of Justice, $167.4 million in disgorgement and penalties to the SEC and at least $60 million to ERISA plan clients in an agreement with the DOL, to settle allegations that it deceived some of its custody clients when providing them with indirect foreign currency exchange (FX) services. 

SEC: State Street Misled Custody Clients About Prices For Foreign Currency Exchange Trades

Date 26/07/2016

The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay $382.4 million in a global settlement for misleading mutual funds and other custody clients by applying hidden markups to foreign currency exchange trades. 

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date July 15, 2016

Date 26/07/2016

At the end of the settlement date of July 15, 2016, short interest in  2,329  Nasdaq Global Market^SM securities totaled 7,875,755,447  shares compared with 7,887,260,999 shares in 2,316 Global Market issues reported for the prior settlement date of June 30, 2016. The Mid-July short interest represents 3.89 days average daily Nasdaq Global Market share volume for the reporting period, compared with  4.76 days for the prior reporting period.

NYSE, NYSE ARCA And NYSE MKT Short Interest Reports

Date 26/07/2016

NYSE today reported short interest as of the close of business on the settlement date of July 15, 2016.

Alberta Securities Commission Advances New Capital-Raising Initiatives For Start-Up Businesses

Date 26/07/2016

The Alberta Securities Commission (ASC) announced today that it is moving forward with two initiatives designed to facilitate capital-raising for small and medium-sized enterprises while providing appropriate investor protection.

The U.S. Securities And Exchange Commission Recognizes The Athens Stock Exchange As A "Designated Offshore Securities Market" Under U.S. Regulation S

Date 26/07/2016

On July 15 2016, the U.S. Securities and Exchange Commission  (SEC), the supervisory authority of the U.S. capital markets, has recognized the "Hellenic Exchanges?Athens Stock Exchange S.A. (ATHEX) as a "Designated Offshore Securities Market (DOSM)" within the meaning of Rule 902 (b) of Regulation S under the U.S. Securities Act of 1933, as amended (Securities Act). With this designation, ATHEX joins a number of leading international stock exchanges which have already been designated as DOSM.

BlackRock ETP Landscape: Flows Remain Resilient Post-Brexit - ETP Landscape June 2016

Date 26/07/2016

The BlackRock ETP Landscape report Industry Highlights provides commentary on the global Exchange Traded Product (ETP) industry as of June 2016.

EBA: Consultation On Guidelines On Connected Clients (EBA-CP-2016-09)

Date 26/07/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the treatment of connected clients for large exposures. These draft Guidelines review and update the ‘Guidelines on the implementation of the revised large exposures regime’ issued by the Committee of European Banking Supervisors (CEBS) on 11 December 2009. Their focus is exclusively on the issue of connected clients as defined in the Capital Requirements Regulation (CRR) and they reflect the developments in the area of shadow banking and large exposures both at EU and international level. The consultation runs until 26 October 2016.

EGX Chairman Participates In The United Nations Conference On Trade And Development (UNTCAD) In Nairobi

Date 26/07/2016

• Omran: we have to develop a national agenda to deepen sustainability and governments should adopt effective business strategies towards climate change and the sustainable development.
• Omran: We seek to change the culture and sectors’ trends towards sustainability... and a sustainability report for EGX soon.
• Omran: awareness is one of the most important challenges in sustainability issues... Green finance helps to reduce costs and increase revenues for companies.

EBA Consults On The Treatment Of Connected Clients For Large Exposures

Date 26/07/2016

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the treatment of connected clients for large exposures. These draft Guidelines review and update the ‘Guidelines on the implementation of the revised large exposures regime' issued by the Committee of European Banking Supervisors (CEBS) on 11 December 2009. Their focus is exclusively on the issue of connected clients as defined in the Capital Requirements Regulation (CRR) and they reflect the developments in the area of shadow banking and large exposures both at EU and international level. The consultation runs until 26 October 2016.