ASEA holds its annual meeting
On 2 December 2012, the African Securities Exchange Association (ASEA) held its 16th annual general meeting, hosted by Egyptian Exchange. During the meeting Various initiatives were presented: revisions and amendments to ASEA internal rules, the election of the Executive Committee, a tow-year plan to be developed by the ASEA secretariat, the launch of a new website and benchmark indices with FTSE.
FESE re-elects its President and Vice President
On 29 November 2012, the General Assembly of the Federation of European Securities Exchanges (FESE) re-elected Hans-Ole Jochumsen, President of NASDAQ OMX Nordic as FESE President and Deirdre Somers, CEO of the Irish Stock Exchange re-elected as FESE Vice President for an additional year.
FIAB launches “Sao Paulo Declaration”
The Ibero-American Federation of Exchanges (FIAB) organized in Sao Paulo a seminar on “Exchanges and the Market Popularization Initiatives for Retail”, aimed at discussing ways to attract more participants such as investors, issuers and intermediaries, among other publics. At the end of the meeting, the “Sao Paulo Declaration” was announced. It seeks to draw the region’s exchanges closer through a collaborative network. Over the next few months, FIAB will consider related joint work possibilities, including the creation of a financial education network and the organization of regional seminars seeking to grant greater consistency in sharing the experiences that facilitate promotion of the Federation’s markets and the broad participation of investors and companies in the development of the Ibero-American economy.
Hong Kong Exchanges signs MoU with Shaanxi Financial Affairs Office
Hong Kong Exchanges and Clearing and the Chinese Shaanxi Province Financial Affairs Office signed a Memorandum of Understanding on cooperation and exchange of information.
Irish Stock Exchange monitors debt securitization standards in Europe
The Irish Stock Exchange has been appointed to a key role in a new European initiative designed to provide the benchmark standard for the asset backed securities market. The new initiative is led by an organization called Prime Collateralized Securities, an industry-led, non-profit initiative set up to develop a label for high quality securitizations.
NASDAQ OMX joins United Nations Global Compact
The NASDAQ OMX Group has joined the United Nations Global Compact, becoming the first US exchange to join this program. Launched in 2000, the United Nations Global Compact is both a policy platform and a practical framework for companies committed to sustainability and responsible business practices.