Archives
FMA and SFO sign MOU to improve agency cooperation
July 30th, 2014
The Financial Markets Authority, has announced a cooperation with the Serious Fraud Office iby signing a Memorandum of Understanding. In this way, both regulators continue their efficient action against unauthorised firms. Police Minister Anne Tolley and Commerce Minister Craig ...
EU court to decide on tax-free trading of bitcoin
July 30th, 2014
Tax-free trading of bitcoin is on legal questioning at the European Union’s top court following Swedish authorities request to extend existing levies to virtual currencies. The EU Court of Justice must decide if transactions between virtual and traditional currencies ...
NHS accountant jailed over £2m fraud
July 30th, 2014
The former head of financial accounting at two NHS trusts has been jailed for stealing £2.2m of NHS funds, which he used to buy a portfolio 11 properties in Sussex and London. Trevor Barry Cosson (38) defrauded the cash ...
USD/JPY – Dollar Hits Six-Week Highs on Weak Japanese Data
July 30th, 2014
USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front, it’s a busy ...
Institutional Liquidity LLC to pay $225,000 fine
July 30th, 2014
National Futures Association (NFA) has ordered Institutional Liquidity LLC (ILQ), a forex dealer Member of NFA located in Grand Rapids, Michigan, and three of the firm’s principals and registered associated persons — Mark D. Krier (Krier), James D. Pieron ...
Gold Flat at $1300 Ahead of Key US Data, Fed Statement
July 30th, 2014
Gold is listless on Wednesday, as the metal hugs the $1300 line late in the European session. On the release front, it’s a busy day, with three key events out of the US – Advance GDP, ADP Nonfarm Payrolls ...
Prudential Regulation Authority and Financial Conduct Authority consult on proposals
July 30th, 2014
The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published two joint consultation papers aimed at improving individual responsibility and accountability in the banking sector. These changes include a new approval regime for the most senior individuals ...
U.S. economy advances in second quarter
July 30th, 2014
U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year. Gross domestic product likely grew at a 3.0 ...
U.S Regulators may change rules for upstart trading
July 30th, 2014
U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group’s plans to become a full-fledged stock exchange. IEX, described in author Michael Lewis’ book “Flash Boys: A Wall ...
EU Practiced Its Russian Sanctions in Cyprus
July 30th, 2014
Europe’s new financial sanctions against Russia will be among the first meaningful ones the West has introduced since the Ukraine crisis started. But punishing rich Russians is not exactly new territory for the EU — it has been doing ...
