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  • U.S. Attorney General Eric Holder Speaks At The Press Conference Announcing Lawsuit Against S&P

    Date 05/02/2013

    Good morning – and thank you all for being here.   Today, I am joined by Acting Associate Attorney General Tony West; Principal Deputy Assistant Attorney General for the Civil Division Stuart Delery; United States Attorney Andre Birotté, Jr., for the Central District of California; and attorneys general from six states and the District of Columbia – in announcing the latest steps forward in our ongoing efforts to protect the American people from financial fraud, to hold accountable those who violate our laws and abuse the public trust, and to seek justice for all whose lives were devastated by the recent economic crisis.

  • Irish Stock Exchange’s GEM Market Approved By ECB For Eurosystem Monetary Policy

    Date 05/02/2013

    The Irish Stock Exchange’s Global Exchange Market (GEM) has been approved by the European Central Bank (ECB) as an acceptable non-regulated market for the Eurosystem’s monetary policy.

  • Department Of Justice Sues Standard & Poor’s For Fraud In Rating Mortgage-Backed Securities In The Years Leading Up To The Financial Crisis - Complaint Alleges That S&P Lied About Its Objectivity And Independence And Issued Inflated Ratings For Certain Structured Debt Securities

    Date 05/02/2013

    Attorney General Eric Holder announced today that the Department of Justice has filed a civil lawsuit against the credit rating agency Standard & Poor’s Ratings Services alleging that S&P engaged in a scheme to defraud investors in structured financial products known as Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs). The lawsuit alleges that investors, many of them federally insured financial institutions, lost billions of dollars on CDOs for which S&P issued inflated ratings that misrepresented the securities’ true credit risks. The complaint also alleges that S&P falsely represented that its ratings were objective, independent, and uninfluenced by S&P’s relationships with investment banks when, in actuality, S&P’s desire for increased revenue and market share led it to favor the interests of these banks over investors.  

  • Finansinspektionen: New Regulations Regarding Covered Bonds

    Date 05/02/2013

    Finansinspektionen is deciding on new regulations and general guidelines regarding covered bonds. The new regulations and general guidelines will enter into force on 1 July 2013, at which time the current regulations and general guidelines will be repealed.

  • Powernext Successfully Launched TTF Natural Gas Contracts

    Date 05/02/2013

    After four years of successful development of its gas activities in France, Powernext has extended its products offering with TTF Futures contracts as well as cleared geographical PEG Nord / TTF spreads. These products were launched on Friday 1st February 2013.