Search Results for: legal
ASIC suspends BBY Ltd’s AFS licence
May 28th, 2015
ASIC has suspended the Australian financial services (AFS) licences held by BBY Ltd, BBY Advisory Services Pty Ltd, and SmarTrader Limited. Importantly, the terms of the suspension allow the Receivers and Administrators to transfer a client’s “holder identification number” ...
Nomura sees end to overseas business losses; analysts see tough markets ahead
May 28th, 2015
Japan‘s biggest brokerage Nomura Holdings Inc plans to keep a lid on costs as it chases a profit at its loss-making overseas business for the first time in six years, a target some analysts see as tough amid looming ...
Forex’s ‘Last Look’ Practice Gets Curbed
May 28th, 2015
Two of the world’s biggest currency-trading platforms will restrict a controversial industry practice Two of the world’s biggest currency-trading platforms plan to restrict a controversial industry practice in which banks can pull out of trades at the last moment ...
RBS Seen Facing $4.5 Billion Tab to Settle U.S. Mortgage Lawsuit
May 27th, 2015
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, according to Bloomberg Intelligence. RBS may be closer to JPMorgan ...
Top 10 Countries in Which Bitcoin is Banned
May 27th, 2015
Countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are ...
Russia Increasing Gold Reserves as a Hedge Against Political Uncertainty
May 27th, 2015
Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy at the Central Bank, reflect Russian fears that the country’s overseas assets ...
Binary options – potential changes in regulation
May 26th, 2015
Binary options allow consumers to speculate on the short term movement in price of financial instruments such as shares. Find out how the FCA may start regulating them. The FCA does not currently regulate binary options You do not ...
LCH.Clearnet launches buy-side clearing of FX derivatives in Europe
May 26th, 2015
European offering expands on ForexClear’s US client clearing model Four banks signed up as clearing brokers Variety of account structures provide end users with increased protection and asset segregation LCH.Clearnet Limited (“LCH.Clearnet”), the global clearing house, today announced ...
Bank of England inquiry procedures questioned by top lawyer
May 26th, 2015
A leading barrister, Charles Bear QC, has raised more questions about the Bank of England‘s record on internal investigations – undermining the bank’s credibility on the Forex and other international scandals. Mr Bear says that a more rigrourous report ...
Baker Tilly Roelfs Merge with TPW Group
May 26th, 2015
Baker Tilly Roelfs (Germany) and TPW Group have announced it will merge effective immediately. This strategic merger is a logical expansion of the existing consultancy and service offering, both in terms of services and geographic locations. TPW Group’s 20 partners ...
