Search Results for: legal
FCA probes a further 44 firms over Panama Papers
April 28th, 2016
The UK’s Financial Conduct Authority (FCA) has asked a further 44 financial services firms to disclose their involvement in the tax-evasive practices uncovered by the Panama Papers leak. The move, part of an ongoing £10m ($14.1m, €12.4m) investigation being ...
Bitcoin becoming regulated currency in the European Union
April 27th, 2016
Slovenian startup Bitstamp just did something that no other digital currency startup was able to do – launch the first nationally licensed Bitcoin exchange (BitEx). As it usually goes, the startup could not receive a license in its home country, so ...
Thomson Reuters Reports First-Quarter 2016 Results
April 27th, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the first quarter ended March 31, 2016. The company also re-affirmed its 2016 full-year outlook. Reported revenues declined 1%. Before currency, revenues grew 1% Excluding recoveries, revenues increased 2% ...
ESMA update on Reporting Structured Finance Instruments Information under the CRA Regulation
April 27th, 2016
The CRA Regulation requires issuers, originators and sponsor entities to report information in respect of Structured Finance Instruments (SFI) to ESMA. ESMA is responsible under Article 8b of the CRA Regulation for setting up a website where information on ...
‘Panama Papers’ Database Will Soon Go Public, Allowing Online Search Of More Than 200,000 Offshore Entities
April 27th, 2016
The International Consortium of Investigative Journalists (ICIJ) said Tuesday that the Panama Papers, a massive trove of documents about offshore companies and the people who established them, will be available online as a searchable database beginning May 9. The anonymously ...
Xiaomi partners with UnionPay in online payments service
April 27th, 2016
Chinese smartphone giant Xiaomi is rolling out its own mobile payment service on the Chinese mainland in collaboration with China UnionPay, which had earlier partnered with Apple and Samsung Electronics on the launch of their payment platforms in the ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
Former PwC employees to stand trial over Luxleaks scandal
April 26th, 2016
THE LUXLEAKS scandal starts a new chapter today as two former PwC employees go on trial accused of leaking thousands of corporate documents that expose Luxembourg’s shadowy tax deals. Antoine Deltour, a former auditor for the Big Four firm and ...
Lawyer Takes Aim at Volkswagen in Europe Over Emissions Scandal
April 26th, 2016
Volkswagen AG is a step closer to resolving its emissions-related legal woes in the U.S., but in Europe its troubles may be just beginning. Volkswagen last week said it was taking a €16.9 billion ($18.85 billion) charge against 2015 earnings, pushing the ...
International law firm and US based Law firm end merger talks
April 25th, 2016
Pepper Hamilton and Reed Smith said Friday they have ended merger talks just 10 days after confirming discussions had begun. Pepper Hamilton sent out an email at 6 p.m. Friday announcing the talks had broken off. “While we were intrigued when Reed Smith approached us, ...
