The Bank of New York has published a booklet entitled "The Changing World of Securities Processing in Europe." It examines the key initiatives, white papers and action plans published by the European Commission and other regulatory bodies in Europe that
Investmart has put a figure on "reasonable" annual investment management fees 63bps. The latest reading of Invesmart's Retirement Portfolio Cost Barometer, which is designed to help participants and plan sponsors judge the competitiveness of their manager's fees, is down from
AIG is about to finalise a deal with US regulators to resolve a probe into whether it helped PNC Financial Services Group commit accounting fraud, the Wall Street Journal reported on Monday. A settlement with the Securities and Exchange Commission
Beginning today, companies have 75 days following any financial year end to comply with Section 404 of the Sarbanes Oxley reforms and accountants say many may soon be admitting they cannot. Section 404 of Sarbanes Oxley requires a company's auditor
The Romanian Parliament has passed a new law on private pension funds. It will come into effect on 1 July 2006.A pensions commission, under the control of the parliament, is being set up to supervise the new pension funds. The
Talks between the Japanese Ministry of Finance and British government officials on revisions to the 35 year old Double Taxation Treaty between the two countries began as expected on Tuesday this week. The treaty between the two nations was first
The Securities Industry Association yesterday welcomed the Securities and Exchange Commission's proposed modernization of the governance of self regulatory organizations (SROs) and requests for comment on additional structural changes to the SRO system. "The SEC's initiative continues the process that
Trading starts today on the Warsaw Stock Exchange (WSE) in shares of Powszechna Kasa Oszczednosi Bank Polski S.A. (PKO BP), following the largest IPO in Polish history. The WSE has had to alter trading hours orders for PKO BP shares
The central bank of the Ukraine has introduced new rules making cash settlement onshore for all types of foreign settlement obligatory. According to a Bank Austria Creditanstalt (BA CA) spokesman in Kiev, the National Bank of Ukraine (NBU) has introduced
Stockholm Stock Exchange and Helsinki Stock Exchange are to change the names of their OMX and HEX25 indexes from Monday 15 November 2004. The new name of the OMX index will be OMXS30, with the letter S standing for Stockholm.