News Centre

BME: Autonomy Spain Real State To Start Trading On MAB Next Thursday, 24 September

Date 22/09/2015

• Ninth SOCIMI (REIT) to join this market segment

Lahore Stock Exchange Market Holiday - Eid-Ul-Azha Holidays

Date 22/09/2015

Lahore Stock Exchange shall remain closed from Thursday, September 24, 2015 to Friday, September 25, 2015 on account of the auspicious occasion of Eid-Ul-Azha holidays. Please note that the Exchange shall observe its market/office timings as per normal schedule from Monday, September 28, 2015. 

Bucharest Stock Exchange Launches A New Corporate Governance Code

Date 22/09/2015

Bucharest Stock Exchange (BVB) launched on September 22, 2015 a new Corporate Governance Code (CGC) applicable to companies whose shares are admitted to trading on the Main Market. The new Code was designed with the support of the European Bank for Reconstruction and Development (EBRD), as part of a new corporate governance framework which will enter into force on 4 January 2016, and aims at promoting higher standards of governance and transparency of listed companies.

UAE SCA Signs MoU With GCC Securities Market Regulators - To Establish Framework For Cooperation And Market And Investor Protection

Date 22/09/2015

Ministerial Committee of GCC Securities Market Regulators Approves Number of Recommendations:

• Forming a team to prepare a study for the GCC securities market integration strategy and mechanisms
• Approving the final changes made to the unified rules for share offering in the GCC securities markets      

'Utility' Model Could Trim Banks' $9 Billion Trade Processing Costs By Up To 40 Percent, According To Broadridge Report

Date 22/09/2015

Large banks spend between $6 billion and $9 billion processing standardized trades each year, and could reduce those costs by up to 40 percent by adopting a "utility" model, according to a new study by Broadridge Financial Solutions, Inc. (NYSE:BR). The study says that by sharing in a range of trade processing functions – from core post-trade processing, reference data and reconciliations to trade expense management, corporate actions, and tax and regulatory reporting – in a utility model, the industry could save up to $4 billion annually.

Financial Stability Board: Progress Report On Work To Enhance CCP Resilience

Date 22/09/2015

The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Markets Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) today released a progress report on their work to enhance the resilience, recovery planning and resolvability of central counterparties (CCPs). The progress report provides an update on delivery against the 2015 workplan developed by these bodies to ensure effective coordination of policy work to make CCPs more resilient. The workplan is also released today.

The UK Financial Conduct Authority Has Today Published A Final Notice For Keydata’s Former Finance Director, Craig McNeil, Fining Him £350,000 And Prohibiting Him From Performing Any Significant Influence Function

Date 22/09/2015

The Financial Conduct Authority (FCA) has fined Mr McNeil £350,000 and prohibited him from performing any significant influence function for failing to comply with Statements of Principle 4 and 6 of the FCA’s Statements of Principle and Code of Practice for Approved Persons.

Fidessa Announces Partnership Program - Brings Innovative Third Party Services To Fidessa Community

Date 22/09/2015

Fidessa group plc (LSE: FDSA) today announced the launch of its  Partnership Program which enables selected third parties to integrate their services directly into Fidessa's global trading workflow platform.

Monetary Authority Of Singapore: Enforcement Actions Against Unlicensed Remittance Operators

Date 22/09/2015

Two women and one man, aged between 48 to 59, will be charged in Court for their suspected involvement in carrying on remittance businesses without a valid remittance licence issued by the Monetary Authority of Singapore (MAS).

Bank Of England: The Forum Is Open

Date 22/09/2015

On 11 November, the Bank of England will bring together every kind of stakeholder in financial markets to discuss how we build real markets for the good of the people.  The event was first announced by Governor Mark Carney at Mansion House in June.