The BI-ME eNewsletter
21st November, 2009, 02:39
ESCA signs MoU with Isle of Man counterpart
Source: BI-ME , Author: BI-ME staff
Posted: Thu November 29, 2007 12:00 am
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UAE. The Emirates Securities and Commodities Authority (ESCA) and Financial Supervision Commission of Isle of Man, part of the British Isles, signed on Wednesday a memorandum of understanding (MoU) for boosting joint financial cooperation.
The MoU defines areas of cooperation between the two regulators which include exchange of information, regulation of financial disclosure, mitigation of trading risks and securities markets' protection.
The MoU also envisage joint programmes for training and technical assistance.
The MoU is part of ESCA's strategy under which 17 similar agreements were signed other financial markets.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
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INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
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