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  • State Aid: European Commission Approves Restructuring Of ABN AMRO Group, Subject To Conditions

    Date 05/04/2011

    The European Commission has approved under EU state aid rules a support package and restructuring plan for the ABN AMRO Group, subject to certain conditions designed to consolidate the viability of the group. It will ensure an appropriate own contribution to the cost of restructuring and prevent that the public funds are used to finance an aggressive business strategy to the detriment of competitors, who have to operate without state aid. After an in-depth investigation (seeIP/09/565) and a temporary approval of additional recapitalisation measures (see IP/10/138) the Commission concluded that, subject to these conditions, the total aid package is in line with EU rules that allow aid to remedy a serious disturbance in a member state's economy (Article 107(3)(b) of the Treaty on the Functioning of the European Union). The restructuring package has been implemented since October 2008, when the Dutch State purchased Fortis Bank Nederland and the Dutch activities of the then existing ABN AMRO Bank, which then merged to form ABN AMRO Group.

  • Standard Chartered Forum 2011 Held In Dubai - Forum Highlights Accelerated Growth Of Emerging Economies As Super Cycle Impacts Local, Regional And Global Financial Markets

    Date 05/04/2011

    Standard Chartered today hosted its annual Forum in Dubai. The 2011 event was held at Madinat Jumeirah and was attended by more than 500 of the Bank’s clients and senior management.  H.E. Ahmed Humaid Al Tayer, Governor of the Dubai International Financial Centre (DIFC), was the guest of honour at the Forum.  This year, the Forum was held under the title: “The Super-Cycle: Emerging Economies Poised to Accelerate”.

  • Minutes Of The U.S. Federal Open Market Committee, March 15, 2011

    Date 05/04/2011

    The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on March 15, 2011. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.

  • Reorganisation And New Appointments At The Autorité Des Marchés Financiers

    Date 05/04/2011

    As part of its strategic plan, the AMF is changing its organisation and expanding its activities for operational monitoring of market organisation, post-trading and players.

  • NSX Releases March 2011 ETF/ETN Data Reports

    Date 05/04/2011

    National Stock Exchange, Inc. (NSX®) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) continue to reach record levels, totaling approximately $1.08 trillion at March 2011 month-end, an increase of approximately 31% over March 2010 month-end when assets totaled almost $820 billion.  At the end of March 2011, the number of listed products totaled 1,173 compared to 971 listed products at the same time last year.