Mondo Visione Worldwide Financial Markets Intelligence

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News Centre

  • Singapore And The Government Of Andhra Pradesh Ink FinTech Cooperation Agreement

    Date 24/10/2016

    The Monetary Authority of Singapore (MAS) and the Government of Andhra Pradesh (GoAP) today signed a FinTech Cooperation Agreement to promote innovation in financial services in their respective markets. Under the agreement, MAS and GoAP will explore joint innovation projects on technologies such as digital payments and blockchain, and collaborate on the development of education programmes/curricula on FinTech. MAS and GoAP also agreed to discuss emerging FinTech trends and exchange views on regulatory issues related to innovations in financial services.

  • DFM: Trading Of Al Ramz Corporation Investment And Development Rights Issue Between 25 October And 7 November 2016

    Date 24/10/2016

    Dubai Financial Market (DFM) today announced that the rights issue of “Al Ramz Corporation Investment and Development” is due to be tradable on the exchange between Tuesday, 25 October and Monday, 7 November 2016. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans to issue as part of its capital increase, to sell all or part of their rights to other investors who do wish to subscribe. The rights issue is a financial instrument representing the rights that are legally granted to the company's shareholders to have priority in subscribing for the company's capital increase shares that will be issued.

  • The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report By Nationality aAd Investor Type

    Date 23/10/2016

    The total value of shares traded for the week ending 20 October 2016 amounted to SAR 13.34 billion, decreasing by 10.05% over the previous week; while total stock market capitalization reached SAR 1,145.10 billion at the end of this period, decreasing by 0.20% over the previous week.

  • DFM Successfully Concludes Its International Investor Roadshow In New York

    Date 23/10/2016

    • H.E. Essa Kazim: “DFM is constantly strengthening its attractiveness to foreign investments supported by the sound performance of the national economy, its lucrative and diversified opportunities as well as its world-class infrastructure and regulations”
    • The DFM has attracted 2,627 new investors during the first nine months of 2016 including 418 institutions
    • Arshad Ghafur (President MENA, Bank of America Merrill Lynch): “DFM remains a compelling focal point for global investors”

  • Moody's Corporation Litigation Update - Global Credit Crisis Of 2008 - US Department Of Justice Preparing To File Civil Complaint

    Date 22/10/2016

    Following the global credit crisis of 2008, Moody’s has periodically received subpoenas and inquiries from various governmental authorities, including the US Department of Justice (DOJ) and states attorneys general. In a letter dated September 29, 2016, the DOJ stated that it is preparing a civil complaint to be filed against Moody’s and MIS in the US District Court for the District of New Jersey alleging certain violations of the Financial Institutions Reform, Recovery, and Enforcement Act in connection with the ratings MIS assigned to residential mortgage-backed securities and collateralized debt obligations in the period leading up to the 2008 financial crisis. The DOJ also stated that its investigation remains ongoing and may expand to include additional theories. A number of states attorneys general have indicated that they also expect to pursue similar claims under state law, which claims may include additional periods, theories, asset classes or activities. The Company is continuing to respond to the DOJ’s and states’ subpoenas and inquiries.