Search Results for: OCED
The Commission acts for full, proper and timely implementation of EU law
December 14th, 2015
The Commission ensures proper application of EU law for the benefit of citizens and businesses: This month’s infringement package includes 34 reasoned opinions, 9 referrals to the Court of Justice of the EU, and 83 closures. To help citizens ...
Central Bank of Cyprus fined FBME Bank for €1.2 million
December 11th, 2015
The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2013, all or any ...
JPMorgan Said to Win Relief in SEC Case on Sale of Its Own Funds
December 10th, 2015
Bank to get consent to continue raising money for hedge funds SEC, CFTC may announce settlements with bank as soon as Friday JPMorgan Chase & Co. is close to settling cases that threatened to bar the bank from raising ...
FCA: Strengthening accountability in banking
December 10th, 2015
Strengthening accountability in banking: Final amendments to the Decision Procedure and Penalties Manual and the Enforcement Guide FCA: In this policy statement, we set out our amendments to the Decision Procedure and Penalties Manual (DEPP) and the Enforcement Guide ...
Shale Doesn’t Swing Oil Prices—OPEC Does
December 10th, 2015
The oil cartel is still influential, and American shale can’t replace the world’s true “swing” producer. The breathtaking crash in oil prices has generated a new conventional wisdom: America’s shale oil industry has supplanted OPEC as the so-called “swing” ...
TrueEX locks in JPM, RBS for swaps service
December 9th, 2015
Trading platform trueEX has rolled out a new automated trading service for swaps and locked in the participation of two major dealers – something of a coup as banks have traditionally been unwilling to support such efforts in the past. JPMorgan and Royal ...
CySec informs regarding the Continuance of Suspension of CIF license of a Cyprus Investment Firm
December 7th, 2015
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform on its decision in the meeting dated 30 November for Continuance of Suspension of CIF licence of the firm ‘Falcon Brokers Ltd’ with number 128/10. ...
SEC: Grant Thornton Ignored Red Flags in Audits
December 3rd, 2015
The Securities and Exchange Commission announced that national audit firm Grant Thornton LLP and two of its partners agreed to settle charges that they ignored red flags and fraud risks while conducting deficient audits of two publicly traded companies that ...
ECB and the People’s Bank of China successfully test bilateral currency swap arrangement
November 27th, 2015
The European Central Bank (ECB) and the People’s Bank China (PBC) successfully test their bilateral currency swap arrangement The tests serve to confirm operational readiness and are not a precursor to activation of a swap Swap arrangement contributes to ...
FCA fines Barclays £72 million. Barclays announces settlement
November 26th, 2015
FCA fines Barclays £72 million for poor handling of financial crime risks Barclays announces settlement with the FCA The Financial Conduct Authority (FCA) has today fined Barclays Bank (Barclays) £72,069,400 for failing to minimise the risk that it may ...
