Search Results for: regulators
KPMG overcomes gloomy backdrop with 8% revenues jump
December 14th, 2016
Accountancy major KPMG International has booked a solid hike in full-year revenues despite what it described as a “challenging” business environment across Europe, the Middle East and Africa. Latest results revealed that global turnover topped $25.4 billion (£20bn) in ...
Finansinspektionen: Remark and administrative fine for two companies in the Nasdaq Group
December 14th, 2016
Nasdaq Clearing AB is receiving a remark and must pay an administrative fine of SEK 25 million. Nasdaq Stockholm AB is receiving a remark and must pay an administrative fine of SEK 30 million. Finansinspektionen (FI) has investigated how ...
Emerging Payments Association Board strengthened by global industry leaders
December 13th, 2016
Payments leaders from Saxo Payments, Modulr, Global Risk Technologies, Bacs, and The Just Loans Group elected to join the ranks and widen the expertise of the Emerging Payments Association (EPA) Advisory Board to advance payments innovation The Emerging Payments ...
Shanghai stocks extended their worst losses in six months and the dollar’s rally faltered
December 13th, 2016
U.S. oil hovers below $53 a barrel after OPEC-fueled advance Shanghai share index declines as sovereign yield keeps rising Shanghai stocks extended their worst losses in six months and the dollar’s rally faltered as investors weigh the impact of ...
Which countries should take the lead to introduce the world’s first Islamic fintech
December 12th, 2016
Malaysia and Bahrain, two leadng Islamic financial hubs in the world, should take the lead in exploring the potential of introducing the world’s first Islamic financial technology (fintech). Bahrain Economic Development Board (EDB) Executive Director for Financial Services Business ...
McDonald’s Is Moving Its International Tax Base to the U.K. Amid EU Scrutiny
December 9th, 2016
It has come under growing scrutiny from EU regulators over its tax arrangements in Luxembourg. McDonald‘s said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European ...
Merrill Lynch to its brokers: make at least two client referrals to avoid a cut in pay
December 8th, 2016
Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in pay, a move that comes as Wall Street brokerages try ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
ADCCA launched the first Australian Digital Currency Industry Code of Conduct
December 7th, 2016
Industry joins forces to create a digital currency code of conduct to protect consumers and boost growth The Australian Digital Currency & Commerce Association (ADCCA) today launched the first Australian Digital Currency Industry Code of Conduct to ensure consumers ...
Vietnam considers giving digital currency a legal aspect
December 6th, 2016
Last week it was Russia. Now, Vietnam is reportedly joining the leagues of countries that will soon legalize virtual currencies like bitcoin. Vietnamese-language news outlet VnEconomy reported that the government and relevant ministries are working on a proposal for ...
