Investment in Australian fintech reached a record level
March 2nd, 2017
Investment in Australian fintech reached a record $656 million in 2016, more than triple the $185 million invested in 2015, according to a report by professional services firm KPMG. This equates to an annual average growth rate of around ...
IOSCO: Harmonisation of the Unique Transaction Identifier (UTI) to OTC derivatives transactions
February 28th, 2017
A new report provides technical guidance to authorities to enable them to set rules on assigning uniform global Unique Transaction Identifiers (UTIs) to over-the-counter (OTC) derivatives transactions. The report, entitled Harmonisation of the Unique Transaction Identifier, is a joint ...
PAYMENTS SERVICE PROVIDER
February 24th, 2017
VACANCY: PAYMENT SERVICE PROVIDER Overview: Trade Finance is in our DNA. For more than 10 years, XTrade has helped global traders with access to the world’s largest and most liquid market. By offering the most innovative trading tools, hiring ...
An investment management business in UK claimed £15m in damages but awarded £2 compensation
February 24th, 2017
An investment management business which claimed £15m in damages for stolen data from departing staff has ended up with just £2 compensation after a High Court judge ruled that no injury had been sustained. The Honourable Mr Justice Leggatt ...
Switzerland to draw up a new corporate tax proposal
February 24th, 2017
During its meeting on 22 February 2017, the Federal Council instructed the Federal Department of Finance (FDF) to draw up the substantive parameters for a new tax proposal by mid-2017 at the latest following the vote on corporate tax ...
Some €70 bn in non performing loans ready to be ceded by Italy’s main banks
February 22nd, 2017
The European Commission, the OECD, Economy Minister Piercarlo Padoan, EBA President Andrea Enria, Bank of Italy Vice Governor Fabio Panetta, and the Fitch ratings agency. One after another, like a chorus, they all spoke out on the same theme ...
SGX consults public on dual class share structure
February 20th, 2017
Singapore Exchange (SGX) is consulting the public on whether a dual class share (DCS) structure where certain shares have higher voting rights than others, should be introduced and if so, what safeguards might be appropriate. DCS structures may be ...
Greece says ‘not a euro more’ from its austerity-impoverished population
February 17th, 2017
European Union officials are urging Greece and its creditors to strike a financial aid deal for the country quickly to safeguard economic recovery. However, Athens has refused a demand from its creditors for more austerity measures. The Greek government ...
European Parliament calls for robot law
February 17th, 2017
EU-wide rules are needed for the fast-evolving field of robotics, e.g. to enforce ethical standards or establish liability for accidents involving driverless cars, say MEPs in a resolution voted on Thursday. MEPs ask the EU Commission to propose rules ...
PAYMENTS SERVICE PROVIDER
February 17th, 2017
VACANCY: PAYMENT SERVICE PROVIDER Overview: Trade Finance is in our DNA. For more than 10 years, XTrade has helped global traders with access to the world’s largest and most liquid market. By offering the most innovative trading tools, hiring ...
