Search Results for: EU commission
Supervisory Authorities issued warnings on unauthorised companies
December 10th, 2014
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Ireland (Central Bank of Ireland), and Luxembourg (Commission de Surveillance du Secteur Financier – CSSF), report the following companies offering investment services without the required authorisation. Ingledew Trading ...
Commodity Benchmarks Seen Open to Manipulation, Law Firm Says
December 8th, 2014
Almost two-thirds of commodity market participants say that benchmarks used to set the price of everything from crude oil to ethanol to zinc are vulnerable to manipulation, according to a new study. The report, to be published today by ...
ESMA to cooperate with regional regulators on Australian CCPs
December 4th, 2014
The European Securities and Markets Authority (ESMA), the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU). The MoU establishes cooperation arrangements between the signatory authorities regarding Central Counterparties ...
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 ...
Hackers With Wall Street Savvy Stealing M&A Data
December 2nd, 2014
Hackers with Wall Street expertise have stolen merger-and-acquisition information from more than 80 companies for more than a year, according to security consultants who shared their findings with law enforcement. A group dubbed FIN4 by researchers at FireEye Inc. ...
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 ...
Cyprus Airways through the eyes of potential investors
November 28th, 2014
The sale process of Cyprus Airways (CAIR) has been put on hold waiting for the results of the European Commission investigation on the legality of the aid package of EUR 103m, which was provided by the Cyprus government to ...
IIRC Begins Tech Initiative to Spur Integrated Reporting
November 27th, 2014
Two of the Big Four accounting firms are teaming up with technology companies to see how technology can be used to encourage more companies to do integrated reporting. The International Integrated Reporting Council (IIRC) said Wednesday it is launching ...
How a $5,000 IRA Can Grow to $196 Million in Six Years: GAO
November 21st, 2014
Individual retirement accounts were created to help ordinary Americans build a nest egg for later life. But the IRA has also enabled some affluent investors to accumulate multimillion-dollar tax-sheltered accounts, often by using assets that aren’t publicly traded. Unless ...
World Bank: Bitcoin is not a “Ponzi Scheme”
November 19th, 2014
Ponzi scheme: A fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Many of the ...
