IG Group obtains License for Swiss Banking Business
October 6th, 2014
IG Group Holdings Plc, the U.K. spread-betting firm, is set to start operations in Geneva, close to the private banks it hopes to win as customers. The London-based company chose Geneva partly because many institutional customers it wants to ...
Contributing Authors
October 2nd, 2014
Dr Alan Waring Dr Alan Waring has 35 years’ experience in risk management. His several books include Managing Risk (1998), co-authored with Prof Ian Glendon, Practical Systems Thinking (1996) and Corporate Risk and Governance published in May 2013. He has presented numerous conference and ...
Mauritius shares tax data directly
September 29th, 2014
Mauritius has confirmed that it will implement the Common Reporting Standard for automatic exchange of tax information between territories, based on the standards drawn up by the Organization for Economic Co-operation and Development (OECD). The announcement comes after Mauritius ...
Swiss bank UBS started FX trading settlement talks
September 29th, 2014
UBS, Switzerland’s largest bank, has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck. UBS did not identify the ...
IRS Warns Banks Of FATCA-Linked Identify Theft Attempts
September 26th, 2014
The Internal Revenue Service issued that it does not require foreign financial companies and institutions to provide information on account holders by phone, fax, or email under the Foreign Account Tax Compliance Act. The statement comes after the emergence ...
OANDA partners with Australian CFD Forum
September 26th, 2014
OANDA, a global provider of innovative foreign exchange FX and contract for difference (CFD) trading services , has officially joined the Australian CFD Forum, an industry body that is committed to enhancing the efficient operation, transparency, and overall investor ...
BEPS Fallout To Be Minimal For New Zealand
September 22nd, 2014
New Zealand’s tax system is unlikely to experience significant changes resulting from the Organization for Economic Cooperation and Development’s base erosion and profit shifting work, according to professional services firm PwC. The Organization for Economic Cooperation and Development (OECD) ...
China fines GSK $489 mln and jails executives
September 19th, 2014
China has fined British pharmaceuticals giant GlaxoSmithKline Plc GSK.L 3 billion yuan ($488.8 million) for paying out bribes in what is a record penalty for China, state news agency Xinhua said on Friday. A court in Changsha has also ...
Accounts reporting abolition ruled
September 18th, 2014
The Solicitors Regulation Authority has backed down over plans to remove the requirement for firms to submit accountants’ reports every year. Instead, the regulator has decided to require reports only if they have been qualified by the accountant for ...
Dark Pools need more transparent future as threats rise
September 18th, 2014
Off-exchange markets, accounting for more than 40 percent of dark-pool volume, have publicly disclosed rules of operation that were previously hidden. The private venues host 17 percent of trading in the $24 trillion U.S. stock market. They’re taking the ...
