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  • INTL FCStone UK Subsidiary Agrees To Purchase TRX Futures Limited

    Date 15/03/2012

    INTL FCStone Inc. (Nasdaq:INTL), today announced that INTL Holding (UK) Limited, a wholly owned subsidiary in the United Kingdom, has signed a sale and purchase agreement to acquire TRX Futures Limited from Neumann Gruppe GmbH. Closing is conditional upon approval of the Financial Services Authority. TRX Futures is a London-based brokerage and clearing firm for commercial coffee and cocoa customers, as well as energy and financial products. Its clients will benefit from INTL FCStone's infrastructure, commodities expertise and comprehensive array of exchange traded and over-the-counter products. As a clearing member of NYSE Liffe and ICE Futures Europe, TRX will add to INTL FCStone's existing clearing memberships, which include the London Metal Exchange.

  • Iceland To Repay Early Some Outstanding Obligations To The IMF

    Date 15/03/2012

    Iceland announced today that it repaid, ahead of schedule, obligations to the IMF amounting to some SDR 288.8 million (US$ 443.4 million). The payment was made on March 12.

  • FSB: Technical Features Of The Legal Entity Identifier (LEI)

    Date 15/03/2012

    The FSB LEI Expert Group has made significant progress in identifying the key issues and developing framework solutions to be presented in the report to the FSB Plenary by the end of April, to enable the Board to meet the G-20 mandate provided at the Cannes Summit. Work is proceeding intensively under five workstreams - each having its own mandate and deliverables: governance; operational model; scope, confidentiality and access; funding; and implementation and phasing. The Expert Group is supported by an Industry Advisory Panel composed of 34 representatives from different sectors and regions to help provide important industry input into the global public-private LEI initiative.

  • Fitch Affirms The Bank Of England At 'AAA', Revises Outlook To Negative

    Date 15/03/2012

    Fitch Ratings has affirmed the Bank of England's (BoE) Long-term Issuer Default Rating (IDR) at 'AAA' and senior unsecured notes at 'AAA' as well as the senior unsecured short-term rating at 'F1+'. The agency has also affirmed the senior unsecured notes issued under BoE's debt issuance programme at 'AAA'. The Outlook on the Long-term rating has been revised to Negative from Stable.

  • FSB: Enhancing The Contribution Of External Audit To Financial Stability

    Date 15/03/2012

    At its Plenary meeting on 10 January, the FSB Plenary underscored the importance of workto improve the role that external audits play in providing information to prudential supervisors and regulators of financial institutions, and to reinforce the effectiveness of the regulation of external audits, particularly those of financial institutions.