The International Organization of Securities Commissions (IOSCO) published today a consultation report on Regulation of Retail Structured Products, which analyses trends in the retail structured product market, and proposes a regulatory Toolkit for IOSCO
The International Monetary Fund warned that an “Uneven Recovery is also a dangerous one” for the global recovery as it again downgraded its growth forecasts for 2013, while holding out the prospect of relief late in the year.
The International Organization of Securities Commissions (IOSCO) published today a Consultation Report on Regulatory Issues Raised by Changes in Market Structure, which identifies possible outstanding issues and risks posed by existing or developing mark
Mozambique's stock exchange may add five new listings by 2018, the first as early as June, as companies exploring for gas raise funding for projects, said Anabela Chambuca Pinho, chief executive officer of the bourse.
Barclays is axing 3,700 jobs following a six month strategic review by new chief executive Antony Jenkins, who is pledging to change the culture of the bank in the wake of the Libor rigging scandal. He confirmed that the bank was shutting its structured c
Finance Minister P Chidambaram today inaugurated the country's new stock exchange - MCX-Stock Exchange (MCX-SX) at an event in Mumbai. The new exchange would commence live trading in equities from Monday.
The International Organization of Securities Commissions (IOSCO) today published a consultation report on Recommendations Regarding the Protection of Client Assets, which seeks to help regulators improve the supervision of intermediaries holding client as
India’s central bank cut its key lending rate by 0.25 percentage point to 7.75% Tuesday, the first cut since April. The move was broadly in line with expectations, given strains on India’s economic growth.
The International Organization of Securities Commissions (IOSCO) published today a Consultation Report on Financial Benchmarks, which seeks comments from the public on policy issues arising from the work of its Board Level Task Force on Financial Market B
NYSE Euronext agreed to sell itself to rival IntercontinentalExchange (ICE) for $8.2 billion, in a deal that ends more than two centuries of independence for the New York Stock Exchange, one of Wall Street's most enduring symbols of American capitalism.
Standard & Poor's (S&P) has become the last of the three main rating agencies to put the UK 's top AAA rating on "negative outlook". S&P said it could lower the UK 's rating "if fiscal performance weakens beyond our current expectations".
UBS AG UBSN.VX +0.60% is in the final stages of negotiating a settlement with U.S. and British authorities in which the giant Swiss bank is likely to pay more than $1 billion to resolve allegations that it attempted to manipulate benchmark interest rates,
Slowing exports to China have resulted in Japan falling into recession. Business week reports that opposition leader Shinzo Abe has used this as an excuse to call for ‘more stimulus’ and has highlighted the risk that weak growth will derail a planned sal
Military counterterrorism officials are seeking more capability to pursue extremist groups in Africa and elsewhere that they believe threaten the U.S., and the Obama administration is considering asking Congress to approve expanded authority to do it.
The Board of the International Organization of Securities Commissions (IOSCO) has published today the Final Report on Principles for Ongoing Disclosure for Asset Backed Securities (ABS Ongoing Disclosure Principles),
Eurostat announced today that Euro area GDP declined by 0.1 percent in the third quarter of 2012. This follows a 0.2 percent decline in the second quarter meaning the period fits the commonly-used rule of thumb that defines a recession as two consecutive
The International Organization of Securities Commissions has published today the final report Survey on Implementation of the Principles for the Regulation and Supervision of Commodity Derivatives Markets, which reviews how Market Authorities comply wi
U.S. stock and options markets will be closed on Monday, and possibly Tuesday, as regulators, exchanges and brokers worry about the integrity of markets and the safety of employees in the face of Hurricane Sandy.
Chief executives of more than 80 big-name U.S. corporations, from Aetna Inc. AET +0.66% to Weyerhaeuser Co., WY -1.11% are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts.
The International Organization of Securities Commission (IOSCO) has published today a final report on Policy Recommendations for Money Market Funds, which proposes recommendations to be the basis for common standards for the regulation and management of m
The Global Economic Recovery is weakening as government policies have failed to restore confidence, the International Monetary Fund has said. It added that the risk of further deterioration in the economic outlook was "considerable" and had increased.
The Board of the International Organization of Securities Commissions has published today its final report on Principles for Oil Price Reporting Agencies (PRAs), which sets out principles intended to enhance the reliability of oil price assessments that a
Spain's banks need €53.75 billion ($69.23 billion) in new capital, an independent audit showed, a figure below initial estimates that provides a benchmark for the cleanup cost of the ailing sector, the government and the Bank of Spain said Friday.
Bank of America Corp. (BAC) said it will pay $2.43 billion to settle a 2009 class action lawsuit brought in 2009 on behalf of investors who held Bank of America securities at the time the company announced plans to acquire Merrill Lynch.