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Italian Market Regulator Defends Itself over Monte Paschi Crisis

February 1, 2013 Leave a Comment

Monte Paschi Crisis

Italian market regulator Consob has defended itself as regards the crisis in which the third-largest bank in the European country Banca Monte dei Paschi di Siena SpA is currently embroiled, according to a report by Reuters. Investigations are going on into allegations of malpractices at the bank.

Monte Paschi, the oldest bank in the world, was alleged to have covered up losses through accounting malpractices. A number of structured finance and derivative deals has amassed losses of around €720 million.
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Filed Under: Banks Tagged With: Central Bank, Consob, financial crisis, market, Monte Paschi

Exchange-Traded Products

April 24, 2012 Leave a Comment

Exchange-Traded Products

Owing to their quick popularity, several companies are showing ardent zest in ETPs (Exchange-Traded Products). According to reliable statistics more than seventy one ETPs were launched just during the first two months of this year. In the whole last year this number has topped at 302. It means that the volume of ETPs would increase manyfold as compared with the year 2001. The number of total ETPs calculated on the last day of February, 2012, turned out to be 1432 whereas five years ago this number was just 700 in total. This ascending trend in the number of ETPs is a real index of their popularity. So far in this year, in the United States $140 billion net inflows have been recorded, which indicates the fascinating effects being cast on companies by ETPs.
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Filed Under: Stocks&Trading Tagged With: ETPs, Exchange-Traded Products, market, market share

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