City fears new listing rules

first_img Share City fears new listing rules KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald GOVERNMENT proposals to place the UK Listing Authority (UKLA) under the control of the Financial Reporting Council (FRC) rather than the Consumer Protection and Markets Authority (CMPA) are causing concern in the City, with some warning that the new system will make London less competitive.The London Stock Exchange (LSE) is believed to be lobbying for a change to the proposals, published at the end of July as part of the Treasury’s consultation for a new regulatory structure for the City. The LSE has already published a briefing note, seen by City A.M., which makes the case for the UKLA to be part of the CPMA. Among the concerns outlined is a fear that the FRC will be unable to influence the newly created European Securities and Markets Authority (ESMA). Each European member state is allocated a single seat on the regulatory body, which will have responsibility for regulating listed markets across the EU. There are also fears that putting the UKLA into the FRC will create conflicting rules for primary and secondary markets.One City insider suggested the proposals would lead to a more complex regulatory structure than the existing one potentially damaging London’s competitiveness as a financial capital. James Palmer, head of global corporate markets at Herbert Smith, said the proposals were creating widespread concern. “While we see some areas of connection between the FRC and UKLA, the overwhelmingly stronger connections are between the UKLA and its role as primary market regulator and the CPMA,” he said. whatsapp whatsappcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ Sunday 12 September 2010 11:19 pm Tags: NULLlast_img read more

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Diamond Trust Bank of Kenya Limited (DTK.ke) 2008 Annual Report

first_imgDiamond Trust Bank of Kenya Limited (DTK.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2008 annual report.For more information about Diamond Trust Bank of Kenya Limited (DTK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Diamond Trust Bank of Kenya Limited (DTK.ke) company page on AfricanFinancials.Document: Diamond Trust Bank of Kenya Limited (DTK.ke)  2008 annual report.Company ProfileDiamond Trust Bank of Kenya Limited is a financial services and insurance group providing products and services to clients in Kenya, Tanzania, Uganda and Burundi. The company offers a diverse range of products for transactional banking as well as a full service offering for mortgages, asset financing and an insurance premium finance facility. Its treasury services include spot and forward foreign exchange transactions, cross currency swaps and deals, fixed income securities, corporate bonds, fixed income securities, structured treasury products and money market products. Its trade finance services include letters of credit, documentary and clean collections, negotiation of export bills, suppliers credit financing and bank guarantees. Formerly known as Diamond Trust of Kenya, the company changed its name to Diamond Trust Bank Kenya Limited in 1997. Its head office is based in Nairobi, Kenya. Diamond Trust Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

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