Search Results for: regulators
BaFin release for global systemically important institutions
December 15th, 2014
When global systemically important credit institutions fail – i.e. banks that are too big, too complex or too interconnected with other market participants to be able to exit the market following insolvency without creating further problems – it can ...
Boss of hedge fund Weavering battles fraud charges in London court
December 15th, 2014
Magnus Peterson, battling fraud charges after his $600 million Weavering hedge fund collapsed during the financial crisis, told a court on Friday he could not remember which investors he had warned about his fund’s use of complex financial instruments. ...
HSBC sets aside head of European forex trading
December 11th, 2014
HSBC has sacked its European currency trading chief in the wake of a huge $618m (£394m) fine for manipulating the £3.3trn a day foreign exchange market. The bank is understood to have “let go” Stuart Scott on Tuesday following ...
Virgin Australia’s NZ operations report $31m profit following accounting changes
December 8th, 2014
Virgin Australia’s earnings performance on the highly competitive trans-Tasman route has improved from loss-making to a profit as a result of accounting policy changes and other benefits from its alliance with Air New Zealand . The Australian airline’s New ...
ESMA and Australian Securities and Investment Commission (ASIC) sign MoU on trade repository data
December 4th, 2014
The European Securities and Markets Authority (ESMA) and the Australian Securities and Investments Commission (ASIC) have concluded a Memorandum of Understanding (MoU) on access to data held in European trade repositories . The MoU is effective as of 26 November 2014. The ...
Toyota to recall 190,000 cars in Japan, China over Takata air bags
December 4th, 2014
Toyota Motor Corp (7203.T) said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp (7312.T), the latest in a long line of recalls for the embattled auto ...
Australia probes bitcoin crime links as currency craves legitimacy
December 3rd, 2014
A top Australian law enforcement agency is investigating bitcoin’s role in organized crime, a senior official said, just as politicians and financial regulators embrace the digital currency as a legitimate part of modern business. The investigation into bitcoin’s crime ...
UK passes tough new transparency law for oil, gas and mining companies
December 1st, 2014
A historic law came into force in the UK today that will help fight poverty and corruption in resource-rich but poor countries said Global Witness, which has been campaigning for such measures for over 16 years. The new rules ...
Inside Takata, tantrums, but little sense of crisis over air bags
December 1st, 2014
Shigehisa Takada, the third-generation head of Takata Corp, shows little sense of the crisis engulfing the Japanese air bag maker at the center of one of the auto industry’s biggest safety recalls, according to three people who have met ...
Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit
November 28th, 2014
Goldman Sachs Group Inc (GS.N), Germany’s BASF(BASFn.DE) and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff’s law firm called the first nationwide class action over alleged price-fixing of the metals. In a ...
