Search Results for: CIF
CySec: Cyprus Investment Firm renounced its authorisation
July 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 1 June 2016, the CIF Metropol (Cyprus) Ltd, which provided investment services via the domain www.metropol-cyprus.com, renounced its authorization pursuant to section 24(1)(b) of ...
International law firm Taylor Wessing announced global revenues increase
July 8th, 2016
International law firm Taylor Wessing has today announced a 4.4% increase in UK revenues to £126.6m. Global revenues have also increased to £254.5m at constant exchange rates. In addition, the firm has reported an increase in UK PEP, up from ...
BaFin establishes a reporting platform for whistleblowers
July 8th, 2016
With effect from 2 July 2016, BaFin has established a central contact point for so-called “whistleblowers”. Whistleblowers may use this contact to report violations of supervisory provisions. Anonymity of whistleblowers will be a top priority for BaFin. Whistleblowers play an important role ...
Lebanon is the new rival seen in Mediterranean Gas race
July 7th, 2016
Lebanon parliament likely to pass energy bills soon: lawmaker Dispute ended over offshore energy blocks to be awarded Lebanon may soon approve measures to push ahead with a stalled first auction of offshore oil and natural gas rights, ending ...
VW Will Spend $14.7 Billion to Settle emissions scandal;the largest settlement ever paid by an automaker
July 7th, 2016
Volkswagen will spend $10 billion on affected car buybacks, $4.7 billion to “mitigate pollution” in the TDI emissions settlement. The estimated cost of Volkswagen’s U.S. diesel emissions cheating just rose by half—to nearly $15 billion, the largest settlement ever paid by ...
MasterCard faces £19bn lawsuit over inflated card charges;the biggest in UK legal history
July 7th, 2016
Priceless? Not this time. MasterCard is facing a £19 billion lawsuit – the biggest in UK legal history – in a collective action over card charges that were passed on to shoppers. The claim is headed by ex-financial services ombudsman Walter ...
CFTC Orders Barclays Bank PLC to Pay a $560,000 Penalty
July 7th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Barclays Bank PLC (Barclays) for failing to submit accurate large trader reports (LTRs) for physical commodity swap positions, in violation of Section 4s(f) of ...
ASIC crackdown on 40 unlicensed retail Binary Options and FX providers
July 6th, 2016
ASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex and risky products such as binary options. The recent Report ...
Virtu Financial Enters into a Strategic Minority Investment with SBI Japannext
July 6th, 2016
Virtu Financial (NASDAQ:VIRT) announced today it is making a strategic minority investment in SBI Japannext, Co., Ltd., a leading Proprietary Trading System (‘PTS’) based in Tokyo. The investment is part of Virtu’s strategic long-term commitment to the Japanese marketplace. ...
EY promotes 714 new partners worldwide
July 6th, 2016
Promotions reflect continued growth at EY 35% of partners from emerging markets and women represent nearly 30% EY announces that 714 people globally have been promoted to partner. This year’s new partner class includes a record percentage of partners ...
