November 17, 2011 LCH.Clearnet has launched interoperable clearing across 17 countries for Turquoise, the independent pan-European trading platform Turquoise was established in 2008 to encourage increased competition in the secondary trading of European equities.

http://www.cftc.gov/PressRoom/PressReleases/pr6147-11 Order: Enskilda Futures Ltd., et al. The CFTC issued an order filing and simultaneously settling charges against Enskilda Futures Ltd. (EFL), a London-based futures commission merchant (FCM), and Skandinaviska Enskilda Banken AB (SEB) for failing to diligently supervise accounts carried by EFL in violation of CFTC regulation 166.3. SEB is a financial services group incorporated in Sweden that, according to the order, controls and directs EFL's FCM activities. EFL's immediate parent company is a fully-owned subsidiary of SEB. The CFTC order

European Central Bank November 18, 2011 In preparation for the increasing use of central counterparties as a result of upcoming legislative amendments, the European Central Bank (" ECB") has issued guidelines for the use of central counterparties (" CCPs") in Eurosystem foreign reserve management operations. The ECB confirms that the Eurosystem will only use properly supervised and overseen CCPs, and that its standards will be additional to existing standards for CCPs in order to limit risk to the Eurosystem.

Financial Services Authority November 9, 2011 The FSA has fined Rameshkumar Goenka, a Dubai based private investor, $9,621,240 (approximately pound;6 million) for manipulating the closing price of Reliance Industries (" Reliance") securities on the London Stock Exchange (" LSE"). This is the largest fine imposed by the FSA on an individual. Goenka held an over-the-counter (OTC) structured product which matured on 18 October 2010 and for which the pay-out depended on the closing price of Reliance securities that day. By increasing the closing price Goenka avoided a loss of $3,103,640 under the

Financial Services Authority November 7, 2011 The FSA has fined Coutts Company (" Coutts") £6.3 million for failings in connection with the sale of the AIG Enhanced Variable Rate Fund. Coutts has also agreed to carry out a past business review, overseen by an independent third party in relation to all customers who remained invested at 15 September 2008 and will compensate all customers who have suffered a loss as a result of its failings.