Archives
Interview with Benoît Cœuré, ECB
November 10th, 2014
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Theano Theiopoulou (Phileleftheros newspaper) on 9 November 2014 1. Why was banks’ participation in the ECB’s targeted longer-term refinancing operations (TLTROs) lower than expected? There ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
November 10th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Myfxbook Ltd” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
FCA warning against clone firm
November 10th, 2014
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: BlackRock Wealth Partners / BlackRock Wealth / BlackRock Wealth Group / BlackRock-Wealth SA (clone of FCA authorised firm) Address: One Canada Square, 37th ...
Shanghai-Hong Kong Stock Connect gets China go-ahead
November 10th, 2014
Regulators have approved a long-awaited plan to connect the Hong Kong and Shanghai stock exchanges. The Shanghai-Hong Kong Stock Connect will allow investors to trade across the border for the first time and is set to begin on 17 ...
HMRC: 10 tax avoidance danger signs
November 10th, 2014
HM Revenue and Customs (HMRC) has alerted people to the tricks employed by tax avoidance scheme promoters. The note sets out the risks people face when they sign up to tax avoidance schemes with these including not only the ...
UBS to settle over precious metals misconduct allegations as part of forex market rigging probe
November 10th, 2014
UBS are expected to strike a settlement with financial regulators over allegations of misconduct at its precious metals trading business. The settlement will form a part of a £1.5bn agreement the Swiss lender is due to make with five ...
The Rise Of Social Trading
November 10th, 2014
Social media platforms have billions of active users. People use them to share thoughts, put up pictures, and play games, among other activities. With all sorts of discussions going on at these platforms, the use of social media for ...
Brothers slammed for forex ‘gamble’
November 10th, 2014
Two financial advisers and a company of which they are both directors have been ordered to repay a couple who lost more than R700 000, because they invested most of their savings – including the proceeds from the sale ...
Accountant arrested over suspected £2m VAT fraud
November 7th, 2014
An accountant is among four people arrested in dawn raids yesterday on suspicion of a £2.2m VAT fraud. The four men, three from Essex and one from Hertfordshire, allegedly set up an elaborate scheme of subcontractors within the civil ...
Yuan Bears Say Record Dollar Debt to Fuel Decline: China Credit
November 7th, 2014
Yuan bears have added Chinese companies’ record dollar borrowings to the list of reasons why the currency may weaken. Chinese firms raised $196 billion from loans and bonds this year, 11 times more than the $17.7 billion of 2008, ...
