News Centre

TMX Group Names Jean Desgagne To Head CDS

Date 18/01/2013

TMX Group Limited today announced the appointment of Jean Desgagne as President and Chief Executive Officer of The Canadian Depository for Securities Limited (CDS), Canada’s national securities depository, clearing and settlement hub for equity, fixed income and money markets. Through its subsidiary, CDS Clearing and Depository Services Inc., CDS holds over $4 trillion on deposit and annually handles over 374 million domestic transactions and over 41 million cross-border transactions with the U.S. Mr. Desgagne, whose appointment will take effect on February 19, 2013, will join TMX Group’s executive management committee and will be an Officer of TMX Group Limited. He replaces Ian Gilhooley, who retired on December 31, 2012.

Euro Area Financial Regulation: Where Do We Stand? - Presentation By Benoît Cœuré, Member Of The Executive Board Of The ECB, At The Meeting Organised By The International Capital Markets Association In Paris, France, 18 January 2013

Date 18/01/2013

Click here to download presentation.

The Steering Committee Of Vienna 2 Delivers Observations On Cross-border Bank Resolution To European Authorities

Date 18/01/2013

The Steering Committee of the Vienna Initiative 2 submitted observations on cross-border resolution to a number of European authorities. These observations focused on critical aspects of home-host cooperation, which are of particular importance for countries in Central, Eastern, and South-Eastern Europe (CESEE), where locally systemic affiliates of foreign banks operate. The aim is to provide input for the ongoing discussions on the design of the European financial stability framework and to communicate general concerns of host as well as of home countries. Some specific features of the CESEE countries make the cross-border resolution process particularly challenging in this region. These include the systemic importance of subsidiaries (or branches) of euro zone based banks in their local markets, and the fact that subsidiaries in many cases rely on the parent bank not only for funding support but also for all major strategic and financial decisions.

U.K's Financial Services Authority Statement On PPI

Date 18/01/2013

The Financial Services Authority (FSA) has been approached by the British Bankers' Association (BBA) to discuss the potential for introducing a time limit for Payment Protection Insurance (PPI) complaints - if the banking industry funded a sufficiently widespread advertising campaign to ensure consumers are aware of the PPI issue and how to complain.

Monetary Authority Of Singapore Takes Civil Penalty Enforcement Action Against Lee Hon Sun For Contravening Law Against Employment Of Manipulative And Deceptive Devices

Date 18/01/2013

The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Lee Hon Sun for contravening Section 201(b) of the Securities and Futures Act (SFA), which prohibits the employment of manipulative and deceptive devices in connection with the subscription, purchase or sale of securities.

Press Conference By Taro Aso, Japan’s Deputy Prime Minister, Minister Of Finance And Minister For Financial Services

Date 18/01/2013

(Excerpt)

(Friday, January 11, 2013, from 11:52 a.m. to 12:15 p.m.)

European Energy Exchange: Today’s Auction Of EUAs Cancelled

Date 18/01/2013

The European Energy Exchange (EEX), in its capacity of the transitional auction platform for the Federal Republic of Germany, could not execute today's auction of EU Allowances (EUA) for the third trading period, because it would have cleared below the price on the secondary market. The reference price is calculated on the basis of the secondary market price during and immediately before the bidding window.

UK's Financial Services Authority Consults Further On FSCS Funding

Date 18/01/2013

The Financial Services Authority (FSA) has confirmed new rules designed to secure funding for the Financial Services Compensation Scheme (FSCS) in a way which is affordable for firms.

London Stock Exchange Group In Technology Partnership With Lima Stock Exchange

Date 18/01/2013

London Stock Exchange Group today announced that it has entered into a technology partnership with Bolsa de Valores de Lima. MillenniumIT, a wholly-owned subsidiary of London Stock Exchange Group will provide state of the art trading and Smart Order Routing technology to Peru's markets via its ultra low latency, highly scalable trading platform, Millennium Exchange and Millennium SOR.

SGX Welcomes Logistics Holdings To Catalist

Date 18/01/2013

Singapore Exchange (“SGX”) is pleased to welcome the listing of Logistics Holdings Limited on Catalist, under the stock code of “5VI”.