News Centre

GFMA Comments On Basel Committee’s Capital Surcharge Proposal

Date 26/08/2011

The Global Financial Markets Association (GFMA) today announced it has submitted comments to the Basel Committee on Banking Supervision (Basel Committee) in response to the Consultative Document issued July 19, “Global systemically important banks:  Assessment methodology and the additional loss absorbency requirement,” which would impose a capital surcharge on global systemically important banks (G-SIBs). While GFMA strongly supports the goal of the Basel Committee to promote financial stability, GFMA has serious concerns with the proposed surcharge and believes the proposal should be fundamentally revised and re-proposed to address these concerns.  

ICE NYH RBOB Gasoline Futures Set Daily Volume Record

Date 26/08/2011

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, reported record daily volume in the ICE NYH RBOB Gasoline Futures Contract of 13,877 contracts on 25 August 2011.  The new record surpassed the previous daily record of 8,879 contracts set on 13 June 2011.

ISDA Determinations Committee: Irish Life & Permanent Plc Second Restructuring Credit Event

Date 26/08/2011

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that its EMEA Credit Derivatives Determinations Committee resolved that a Restructuring Credit Event occurred in respect of Irish Life & Permanent plc.

TOM MTF Statistics Week 34

Date 26/08/2011

Click here to download the weekly statistics update of TOM MTF for week 34 - 2011.

FEAS August 2011 Newsletter

Date 26/08/2011

• BULGARIA SE:  The National Corporate Governance Commission in Bulgaria has approved the methodologyfor calculating the index, which will include publicly traded companies strictly applying corporate governance principles. The index will be named CGIX(Corporate Governance IndeX) and initially the technical calculation and the information dissemination will beperformed by the Bulgarian Stock Exchange. The index will include seven companies and will be market capitalization weighted, adjusted by the free-float. Its base value is 100 points and the initial calculation date is
• EGX:  The Egyptian Exchange (EGX) together with the Information Technology Industry Development Association (ITIDA) seek to attract more technology companies to get listed on NILEX. In this respect, Mr. Mohamed Abdel Salam, EGX Chairman, asserted that EGX looks forward to put up "NILEX" as the first Arab stock market for small and medium enterprises that aims at enhancing the IT industry. On the other hand, Eng. Yasser El Kady, CEO of ITIDA,
• PALESTINE SE:  The Palestine Exchange (PEX) concluded its second road show to London on 23-24 June 2011. Mr. Ahmad Aweidah, Chief Executive Officer of PEX headed the Palestinian delegation of four leading listed companies; Palestine Telecommunications (PALTEL), PADICO Holding, Bank of Palestine and Wataniya Palestine Mobile, in addition to Dr. Mohammad Mustafa, Economic Advisor of President Mahmoud Abbas and Chairman of the Palestinian Investment Fund, CEO of the Palestine Capital Markets Authority, and Rasmala Palestine Equity Fund.

Chicago-Based Floor Broker Craig Taffel Pays $180,000 Civil Monetary Penalty To Settle Charges That He Acted As An Unregistered Futures Commission Merchant

Date 26/08/2011

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Craig A. Taffel, a registered floor broker located in Chicago, Ill., for acting as a futures commission merchant (FCM) without being registered.

Speech By Federal Reserve Chairman Bernanke On The Near- And Longer-Term Prospects For The U.S. Economy

Date 26/08/2011

Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent--as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the United States but also in a number of other advanced economies, morph into something far more long-lasting?

Chicago Futures Commission Merchant Tenco, Inc. Settles CFTC Charges That It Failed To Diligently Supervise And Placed Trades Without Proper Authorization

Date 26/08/2011

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Tenco, Inc. (Tenco), a registered futures commission merchant (FCM) located in Chicago, Ill., for failing to diligently supervise its employees and agents and for placing trades without proper authorization from the account holder.

ESMA Publishes A Set Of Questions And Answers On European Money Market Funds

Date 26/08/2011

The purpose of this document is to promote common supervisory approaches and practices in the application of the guidelines on a Common Definition of European Money Market Funds developed by CESR by providing responses to questions posed by the general public and competent authorities. 

ESMA Publishes A Set Of Questions And Answers On European Money Market Funds

Date 26/08/2011

The purpose of this document is to promote common supervisory approaches and practices in the application of the guidelines on a Common Definition of European Money Market Funds developed by CESR by providing responses to questions posed by the general public and competent authorities.