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Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 16/10/2009

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, October 16, 2009: The shares of Western GeoPower Corp. (TSXV:WGP) will be removed from the index. The company has been acquired by GTO Resources Inc. through a Plan of Arrangement. The shares of Buffalo Resources Corp. (TSXV:BFR) will be removed from the index. The company has been acquired by Twin Butte Energy Ltd. (TSX:TBE) subsequent to an Arrangement
Speech By SEC Chairman Mary L. Schapiro: Remarks Concerning Regulatory Harmonization Report

Date 16/10/2009

Thank you for joining us today. We are both pleased to issue our joint report on harmonization. This report is another step forward in our effort to reform the regulatory landscape and ensure greater harmonization between our agencies.
Joint Statement Of Tim Geithner, Secretary Of The Treasury, And Peter Orszag, Director Of The Office Of Management And Budget, On Budget Results For Fiscal Year 2009

Date 16/10/2009

U.S. Treasury Secretary Tim Geithner and White House Office of Management and Budget (OMB) Director Peter R. Orszag today released details of the final Fiscal Year 2009 budget results. In making the announcement, Geithner and Orszag pointed to the severe economic and financial crisis the country faced this year and the Administration's commitment to lay a new foundation for economic growth and fiscal sustainability.
SEC Charges Billionaire Hedge Fund Manager Raj Rajaratnam With Insider Trading - High-Ranking Corporate Executives Also Charged In Scheme That Generated More Than $25 Million In Illicit Gains

Date 16/10/2009

The Securities and Exchange Commission today charged billionaire Raj Rajaratnam and his New York-based hedge fund advisory firm Galleon Management LP with engaging in a massive insider trading scheme that generated more than $25 million in illicit gains. The SEC also charged six others involved in the scheme, including senior executives at major companies IBM, Intel and McKinsey & Company.
The Options Clearing Corporation Applauds The SEC, CFTC Recommendations On Harmonization Of Regulation

Date 16/10/2009

The Options Clearing Corporation (OCC) released the following statement from Michael E. Cahill, OCC President and Chief Operating Officer, regarding the release of the Joint Report of the SEC and the CFTC on Harmonization of Regulation.

Adam Storch Named Managing Executive Of SEC’s Enforcement Division

Date 16/10/2009

The Securities and Exchange Commission today announced that Adam Storch has been named to the newly-created position of Managing Executive of the SEC’s Division of Enforcement.
MSCI Barra Will Change The Implementation Date Of The May 2010 Semiannual Index Review From May 31, 2010 To May 26, 2010

Date 16/10/2009

MSCI Inc. (NYSE: MXB), a leading provider of investment decision support tools worldwide, announced today, following discussions with market participants, that it will be implementing the changes resulting from the May 2010 Semi-Annual Index Review as of the close of May 26, 2010 (effective May 27, 2010) instead of May 31, 2010 for certain indices.
SEC Charges Three South Florida Residents Targeting Haitian-American Investors In Ponzi Scheme

Date 16/10/2009

The Securities and Exchange Commission today charged three South Florida residents with conducting a Ponzi scheme and affinity fraud that collected at least $14.3 million from hundreds of Haitian-American investors residing in South Florida and New Jersey.
A Failure Of Capitalism? Distinguish Lecture By Lorenzo Bini Smaghi, Member Of The Executive Board Of The European Central Bank At The Inauguration Academic Year 2009/2010 “Centro Di Ricerca Sul Cabiamento Politico”, Università Di Siena, Siena, 16 October

Date 16/10/2009

Since the financial crisis erupted, there has been no lack of opportunity to put on trial the people presumed responsible for the upheavals of recent times: the bankers for taking excessive risks; the regulators for not supervising the bankers; the rating agencies for mispricing the risks; the central bankers for creating too much cheap money; the economists for not foreseeing the crisis; the journalists for turning that crisis into a drama.
The European Response To The Financial Crisis, Speech By Gertrude Tumpel-Gugerell, Member Of The Executive Board Of The European Central Bank, Bank Of New York Mellon Headquarter, New York, 16 October 2009

Date 16/10/2009

[SLIDE 1] Introduction [1] Thank you for for your invitation to speak here today. Carmen Reinhart and Kenneth Rogoff’s new book, This Time is Different, reminds us that financial crises of the kind we are currently in have been happening over and over again for at least ei