News Centre

Greece’s Minister Of Finance Yanis Varoufakis: 'We've Made Hope Return To Europe' - Interview With Paul Mason Of Channel 4 News

Date 05/07/2015

Greek finance minister Yanis Varoufakis tells Paul Mason of Channel 4 that his Syriza party has 'reintroduced the concept of democracy' to Europe with the bailout referendum.

The Saudi Stock Exchange Announces The Quarterly Update (2nd Quarter 2015) To The Number Of Free Floated Shares For All Companies

Date 05/07/2015

The Saudi Stock Exchange (Tadawul) announces that the number of free floated shares for all companies has been revised for the 2nd quarter 2015 (02/07/2015). The revised number of free floated shares per company is used in the calculation of Tadawul indices, replacing the previous number, and is effective Sunday 05/07/2015 (18/09/1436 H).

Prime Minister Of The Hellenic Republic, Alexis Tsipras’ Statement After Voting In The July 5th Referendum

Date 05/07/2015

Today is a day of celebration because democracy is a cause to celebrate, to be joyful. And when democracy conquers fear and blackmail, then it also leads to redemption, and a way forward.

The Saudi Stock Exchange Announces The 2nd Quarter 2015 Indices Maintenance

Date 05/07/2015

The Saudi Stock Exchange (Tadawul) announces that the following companies have been included to Tadawul indices as the stocks close prices on Thursday 02/07/2015 (15/09/1436 H): 

• Saudi Cable Co. 
• Saudi Company for Hardware. 
• Middle East Paper Co. 

EBA Issues Final Standards On Processes For Notifying That A Banking Institution Is Failing

Date 04/07/2015

The EBA published today its final draft Regulatory Technical Standards (RTS) on notifications and notice of suspension. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at harmonising at EU level the process and content of notifications, as well as the notice of suspension, to be followed when a banking institutions operating in the EU is failing or likely to fail.

EBA Defines Functioning Of EU Banking Resolution Colleges

Date 04/07/2015

The European Banking Authority (EBA) published today a set of Final draft Regulatory Technical Standards (RTS) that specifies the functions of the EU resolution colleges established for resolving failing banks operating on a cross-border basis in the European Economic Area (EEA). These RTS have been developed within the framework established by the EU Bank Recovery and Resolution Directive (the BRRD) and specify how resolution colleges should function, from their establishment to going concern, and from planning the resolution of an institution to managing situations of cross-border resolution.

European Banking Authority Publishes Final Technical Standards To Ensure Effective Resolution Under The BRRD

Date 04/07/2015

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), and on the contractual recognition of bail-in. Both standards provide further specification of essential elements to ensure the effectiveness of the resolution regime established by the Bank Recovery and Resolution Directive (BRRD). These standards are part of the EBA's major programme of work to implement the BRRD and address the problem of too-big-to-fail banks.

EBA Publishes Its Seventh Semi-Annual Report On Risks And Vulnerabilities Of The EU Banking Sector

Date 04/07/2015

The EBA today published its regular risk assessment report. The report is based on December 2014 data and the final production date for this report was 12 June 2015. The report therefore does not cover the current challenges posed by the situation in Greece. However, the report notes that direct exposures to Greek counterparties are limited. Nonetheless indirect challenges of contagion remain a concern and will require careful monitoring and coordination of supervisory activities across the single market.

European Banking Authority Chairman Dismisses Rumours Over Haircuts To Greek Deposits

Date 04/07/2015

Andrea Enria, Chairperson of the European Banking Authority (EBA), the EU institution that reunites the banking supervisors and regulators of the EU, said today in a statement: "I am not aware of any plans to introduce haircuts to retail depositors of Greek banks, as reported in the media this morning. I highly doubt that any authority or public body at EU or Member State level could consider this option, as it would be against EU law and the EBA would immediately start breach of EU law proceedings". In his statement Enria reminded that "EU legislation is in place to protect retail Greek depositors, as any other depositor in the EU".

Prime Minister Of The Hellenic Republic, Alexis Tsipras’ Address At The NO Rally In Syntagma Square

Date 04/07/2015

Citizens of Athens, citizens of Greece.

Today we are not protesting, today we are not demonstrating–today we are celebrating.

Today we are celebrating democracy.