News Centre

RBS Reaches LIBOR Settlements

Date 06/02/2013

The Royal Bank of Scotland Group (“RBS”) has reached a settlement with the Financial Services Authority (“FSA”) in the United Kingdom, the United States Commodity Futures Trading Commission (“CFTC”) and the United States Department of Justice (“DOJ”), in relation to investigations into submissions, communications and procedures around the setting of the London Interbank Offered Rate (“LIBOR”).  RBS has agreed to pay penalties of £87.5 million, $325 million and $150 million to the FSA, CFTC and DOJ respectively, to resolve the investigations. As part of the agreement with the DOJ, RBS plc has entered into a Deferred Prosecution Agreement in relation to one count of wire fraud relating to Swiss Franc LIBOR and one count for an antitrust violation relating to Yen LIBOR.  RBS Securities Japan Limited (“RBSSJ”) has also agreed to enter a plea of guilty to one count of wire fraud relating to Yen LIBOR.

ATHEX Monthly Statistical Bulletin - January 2013

Date 06/02/2013

Please click here to download the ATHEX monthly statistical bulletin for January 2013.

FTSE Publishes A New Research Report: Classifying South Korea As A Developed Market

Date 06/02/2013

The success of FTSE’s market indices is founded on a combination of  expert research and analysis, clear methodology, and its unique ability to  reflect the perceptions and real-world experience of its clients and investors  worldwide. FTSE’s attention to the views of market practitioners was an  important factor in the 2009 decision by its external governing committees to reclassify South Korea as a Developed Market. It remains a key reason for  maintaining this classification today. FTSE believes that to include South Korea  in an Emerging Market index creates distortions that fail to reflect the  intentions of investors.

Malawi Stock Exchange Monthly Performance Report - January 2013

Date 06/02/2013

Please click here to download the MSE monthly performance report for January 2013.

Kelag Group Selects SunGard’s Aligne To Manage Its Power & Gas Portfolio, Risk Management And Physical Operations

Date 06/02/2013

Kelag Group, one of the leading energy service providers in Austria, has selected SunGard’s Aligne to manage its power and gas trading, physical operations and risk management in the Austrian, German and South Eastern European markets. The solution will help Kelag implement streamlined operations for greater control and efficiency of their extensive generation, retail and trading group portfolios.

NASDAQ OMX To Introduce Derivatives Trading On U.S. Treasuries

Date 06/02/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange group, in  cooperation with BNY Mellon, the global leader in investment management and  investment services, today announced plans to introduce options trading on U.S. Treasury Securities at NASDAQ OMX PHLX^®, the largest equity options  exchange in the U.S. The first day of trading will take place on February  19^th, 2013.

Statement Of CFTC's Chairman Gary Gensler On RBS Settlement

Date 06/02/2013

Today, Chairman Gary Gensler made the following statement:

“Today’s Order against RBS demonstrates yet another clear case of a bank falsely reporting and attempting to manipulate or successfully manipulating benchmark rates to increase trading profits.  Such false reporting of benchmark rates undermines the integrity of markets and shakes the public’s trust in our financial system.

UK's Financial Services Authority Fines RBS £87.5 Million For Significant Failings In Relation To LIBOR

Date 06/02/2013

The Financial Services Authority (FSA) has fined The Royal Bank of Scotland plc (RBS) £87.5 million for misconduct relating to the London Interbank Offered Rate (LIBOR).

Changes in the Management Board of NASDAQ OMX Tallinn

Date 06/02/2013

The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that Andrus Alber, Chairman of the Management Board of NASDAQ OMX Tallinn, steps down from his position on February 8, 2013.

CFTC Orders The Royal Bank Of Scotland Plc And RBS Securities Japan Limited To Pay $325 Million Penalty To Settle Charges Of Manipulation, Attempted Manipulation, And False Reporting Of Yen And Swiss Franc LIBOR - With This Order, The CFTC Has Now Imposed Penalties Of More Than $1.2 Billion On Banks For Manipulative Conduct With Respect To Libor And Other Benchmark Interest Rates

Date 06/02/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced an Order against The Royal Bank of Scotland plc and RBS Securities Japan Limited (collectively, RBS or the Bank), bringing and settling charges of successful manipulation, attempted manipulation, and false reporting relating to LIBOR for Yen and Swiss Franc, which are benchmark interest rates critical to financial markets and the public.  The Order requires RBS to pay a $325 million civil monetary penalty, cease and desist from further violations as charged, and take specified steps to ensure the integrity and reliability of LIBOR and other benchmark interest rate submissions, including improving related internal controls.