Search Results for: PRA
Central Bank of the UAE and ADGM sign MOU to enhance Banking & Financial supervision
February 8th, 2016
The Central Bank of the UAE and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding on 4 February 2016 to formalise a framework to enable ongoing cooperation on the supervision of ...
Bitcoin: A 21st Century Currency Explained By a Wall Street Veteran
February 8th, 2016
Jason Leibowitz is a former Wall Street professional who pivoted careers in 2014 to focus full-time on digital currency. In this paper, Leibowitz answers questions about how bitcoin was created, how it works and why it matters. It has been ...
SEC fined brokerage firm for violated anti-money laundering rules
February 5th, 2016
The Securities and Exchange Commission announced that a Miami-based brokerage firm agreed to pay a $1 million penalty to settle charges that it violated anti-money laundering rules by allowing foreign entities to buy and sell securities without verifying the identities ...
Swiss bank cooperates with US as 2 ex-bankers plead guilty
February 5th, 2016
Swiss bank Julius Baer, facing a criminal charge, has agreed to pay $547 million and cooperate for three years with American authorities to shut down accounts that enabled wealthy Americans to evade taxes, authorities announced Thursday. Before lawyers for ...
FCA confirms accountability rules for wholesale traders and interim rules on regulatory references
February 5th, 2016
The Financial Conduct Authority (FCA) has published the final rules confirming their approach to improving individual accountability for those carrying out wholesale activities, such as algorithmic and high-frequency trading, in banks, building societies, and Prudential Regulation Authority (PRA) designated ...
Greece: fears for more cuts and tax increases will be needed to unlock bailout loans
February 4th, 2016
Greece Fears More Austerity Pain Ahead to Unlock Bailout Loans Nationwide strike called to protest cuts as talks progress with creditors The outlook for Europe’s most depressed economy hinges on how talks progress between the Greek government and its ...
Accenture Completes Acquisition of Formicary
February 4th, 2016
Accenture Completes Acquisition of Formicary, Strengthening Systems Integration and Technology Consulting Capabilities in Trading Systems Transformation Accenture (NYSE: ACN) has completed its acquisition of Formicary, a leading provider of systems integration and technology consulting services for trading platforms in ...
EU Commission presents Action Plan to strengthen the fight against terrorist financing
February 3rd, 2016
The European Commission is presenting an Action Plan to strengthen the fight against the financing of terrorism. The recent terrorist attacks in the European Union and beyond demonstrate the need for a strong coordinated European response to combatting terrorism. ...
The first Blockchain Bizhackathon organised by BNP Paribas has just ended
February 3rd, 2016
BNP PARIBAS confirms its commitment to Blockchain The first Blockchain Bizhackathon organised by BNP Paribas on Transaction Banking activities has just ended. Initiated by the Corporate Trade and Treasury Solutions team, the aim was to assess real-world potential blockchain ...
KPMG International Announces New Global Head of Tax
February 3rd, 2016
KPMG International Announces New Global Head of Tax, Jane McCormick. KPMG International named UK-based Jane McCormick as new Global Head of Tax. Jane will assume the role from Greg Wiebe, who led KPMG’s Global Tax Practice for the last ...
