Jupiter Asset Management has closed the Jupiter New Europe fund. The fund had been shrinking for years, a spokesperson said, and the company thought termination would be in the best interest of shareholders. Citywire (24 Jun.)
Switzerland will prohibit EU exchanges from trading Swiss shares beginning Monday if the bloc does not extend equivalence for the country's stock market. The EU reportedly has held off on extension because Switzerland has not endorsed a partnership treaty. Reuters (24 Jun.)
The Financial Stability Board has praised Citigroup for obtaining 700 legal entity identifiers for units when only 6.2% of banks provide information on ultimate parents when applying for the 20-digit bar codes. Of 40 million identifiers needed for universal adoption, only 1.4 million have been issued, says Allan Grody, a consultant who serves on FSB advisory panels. MLex (subscription required) (24 Jun.)
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