Search Results for: foreign exchange
Kobre & Kim Adds Hong Kong Law to Follow the Money
October 6th, 2014
Kobre & Kim LLP, a law firm that secured an acquittal for one of the defendants in the U.S.’s first foreign bribery sting operation, added a local legal practice to its Hong Kong office this month according to latest ...
Tel Aviv bourse expands derivatives trading in January
October 6th, 2014
The Tel Aviv Stock Exchange (TASE) will launch trading of options and futures on the Tel Aviv 100 benchmark index in January, the bourse said on Sunday, as it seeks to attract new investors and boost liquidity. A senior ...
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 ...
US SEC gives largest-ever Whistleblower Award of more than $30M
September 23rd, 2014
The U.S. Securities and Exchange Commission, or SEC, announced Monday that it will give out the largest-ever whistleblower award to an anonymous tipster who lives outside the country. The whistleblower will receive more than $30 million for providing crucial ...
London’s Currency Traders Set for Biggest Bonus Decrease
September 18th, 2014
Foreign-exchange traders in London are set for the biggest drop in bonuses among bank employees as regulators toughen scrutiny in the wake of scandals, according to a survey by Emolument. Currency traders are likely to see a 43% decline ...
Biggest Banks Said to Overhaul FX Trading After Scandals
September 16th, 2014
The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Banks have capped what employees can charge for ...
GSK China consumer healthcare unit linked to DOJ probe in 2012
September 9th, 2014
A U.S. anti-bribery probe into GlaxoSmithKline Plc (GSK.L) touched on the firm’s Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker’s compliance problems in China could go wider than previously revealed. GSK confirmed it had conducted ...
FX Probe Lags in EU as Other Watchdogs Ready for Fines
September 8th, 2014
The European Union’s antitrust arm is still at the start of its probe into possible collusion in foreign-exchange markets even as U.S. and U.K. regulators edge closer to levying fines. “We are at the starting point of this investigation,” ...
Argentina says ‘many creditors’ want to swap into local law debt
September 5th, 2014
Many investors are interested in swapping global Argentine bonds for paper governed by local law, cabinet chief Jorge Capitanich said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court ...
CFTC Charges California Resident Ralph Metters with Forex Fraud
September 1st, 2014
The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Manuel L. Real of the U.S. District Court for the Central District of California entered on August 27, 2014 an emergency Order freezing and preserving assets under the ...
