Search Results for: legal
Suit Accuses Banks of Role in Financing Terror Attacks
November 11th, 2014
The suit accuses banks — including HSBC and Barclays — of helping to finance the violent activities through their ties to Iran, painting Wall Street as a sort of middleman of terror. Those acts of terrorism occurred a world away ...
Banks Said Poised to Settle With CFTC in FX-Rigging Cases
November 11th, 2014
Banks suspected of rigging the $5.3 trillion-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator, according to a person with knowledge of the cases. The Commodity Futures Trading Commission may levy ...
No Longer Business as Usual in China
November 10th, 2014
With heads of state and corporate chieftains in Beijing for a major economic summit meeting this week, China’s increasing economic nationalism is expected to be heavily debated. China is changing the rule book for business, forcing multinational companies to ...
Former Moore Capital trader pleads guilty to insider dealing
November 10th, 2014
In a case brought by the Financial Conduct Authority (FCA) Julian Rifat a former senior execution trader at Moore Capital Management LLC has today pleaded guilty to an indictment reflecting 8 instances of insider dealing. Profits from the dealing exceeded ...
Luxembourg’s Tax Rulings Discussed By New EU Commissioner
November 10th, 2014
The European Commission has not yet formed an opinion on two contested tax rulings provided by the Luxembourg Government to multinational companies, and it has yet to formally respond to the recent leak of previous rulings, the new Competition ...
Interview with Benoît Cœuré, ECB
November 10th, 2014
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Theano Theiopoulou (Phileleftheros newspaper) on 9 November 2014 1. Why was banks’ participation in the ECB’s targeted longer-term refinancing operations (TLTROs) lower than expected? There ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
November 10th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Myfxbook Ltd” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
China deal sends shares to one-month high, rouble surges
November 10th, 2014
A landmark deal to give global investors easier access to China’s $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as renewed tensions in Libya and Ukraine pushed up oil prices. ...
The UAE’s pressing need for legislative reform
November 10th, 2014
There is no doubt that, in the past 15 years, the UAE has managed to build what is, by any standards, the most developed infrastructure, the highest quality of life, the most diversified economy, and the most efficient government ...
HMRC: 10 tax avoidance danger signs
November 10th, 2014
HM Revenue and Customs (HMRC) has alerted people to the tricks employed by tax avoidance scheme promoters. The note sets out the risks people face when they sign up to tax avoidance schemes with these including not only the ...
