The President of the Capital Market Commission (CMC), Mr Pilavios announced that new measures will be introduced in order to protect the investors and lead to further development of the Hellenic Stock Market. Those measure include a change in the
BrokerTec will begin sending settlement instructions directly to the Bank of Greece beginning 17 January 2005. The expected start date was originally slated for December 2004, but Bank of Greece was then informed by BrokerTec that "as they are still
Final salary pension schemes in the UK will not survive their current crisis and will be replaced by DC and hybrid schemes according to research conducted among pension fund trustees, consultants and fund managers at The Bank of New York's
During a press conference at Interfax Ukraine in Kiev today, the Ukrainian Central Bank Governor Serhiy Tihipko announced his resignation from his position as Governor of the Ukrainian Central Bank. Serhiy Tihipko also headed the election headquarters of the designated
On Friday Standard & Poor's issued a statement saying that the political crisis in Ukraine will not adversely negative influence on the country's sovereign credit rating. Nonetheless the agency continues "to carefully watch the development of the situation which may
The Bulgarian government is to sell its minority holding in Bulgarian Telecommunication Company (BTC) on the Bulgarian Stock Exchange (BSE) some time in 2005. A spokesman for Bank Austria Creditanstalt says the sale will be performed through a special public
The First Ukrainian Trading System (PFTS) Ukraine's largest trading floor has found it difficult to stay open during the current political turmoil. The trading session on 22 November had to be closed at 3 00 p.m., that on 23 November
A funny thing happened at the Warsaw Stock Exchange investors bought shares of a recent IPO. Now custodians should brace for a possible onslaught of foreign investor interest. Among the currently conducted offerings (TVN, Koelner, CCC, Eurofaktor, Polcolorit, Praterm), TVN
European investment performance management firm WM Company has published a research report entitled "The Information Content of Information Ratios". The European performance measurement arm of State Street, publishes regular research reports based upon its experience and history of measuring investment
BrokerTec has pushed back the initial date to go live with the release of settlement instructions to the Bank of Greece. Following recent conversations with BrokerTec, they have decided to postpone their go live date of December 1st to December