Search Results for: regulators
Russian Central Bank confirms $31 million stolen from accounts
December 5th, 2016
Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. Central bank ...
Lithuania is looking to attract FinTech companies
December 5th, 2016
Of all the cities lining up to poach London’s business post-Brexit, Vilnius might seem the most unlikely. Yet the Lithuanian capital has much to offer financial firms, from liveability and local talent to cutting-edge fintech regulation. Euromoney visits a ...
CFTC approved rules for swap dealer and major swap participant minimum capital requirements
December 5th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today unanimously approved proposed rules establishing swap dealer (SDs) and major swap participant (MSPs) minimum capital requirements. As required by the Dodd Frank Wall Street Reform and Consumer Protection Act, the rules ...
Switzerland’s economy failed to grow for the first time in more than a year
December 2nd, 2016
Swiss Economy Unexpectedly Stalls on Weak Domestic Demand Median estimate in Bloomberg survey was for 0.3% increase Trade balance in goods and services had negative effect Switzerland’s economy failed to grow for the first time in more than a ...
Andorra to renounce banking secrecy as it sheds tax haven status
December 2nd, 2016
Pyrenees principality approves automatic sharing of information on accounts held by non-residents from EU countries Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality, approving automatic sharing of information on accounts held by non-residents. The ...
PCAOB Enters Into Cooperative Agreement with Italian Audit Regulator
November 30th, 2016
The Public Company Accounting Oversight Board today announced that it has entered into a cooperative agreement with the Italian audit oversight regulator Commissione Nazionale per le Società e la Borsa (CONSOB). The agreement allows for cooperation between the PCAOB ...
Binary options – AMF updates its list of illegally operating platforms
November 30th, 2016
Once again, the Autorité des marchés financiers (the “AMF”) is sounding the alarm and alerting Québec consumers to the dangers of binary options. The AMF wishes to stress that no business is currently authorized to market or offer binary ...
Saxo Bank taps Fix8Pro for global market connectivity
November 29th, 2016
Fix8 Market Tech, the next-gen FIX solution provider, today announced their technology had been chosen by Saxo Bank A/S. Saxo Bank will use Fix8Pro© as part of a new high performance market connectivity engine. Chief Technology Officer Michel Andre ...
Trump’s election victory may boost Greek economy: Top Banker
November 28th, 2016
Trump’s election victory may boost Greek economy: Top Banker > Piraeus Bank chair George Handjinicolaou speaks in interview > Chairman declines to give timeframe for pending CEO pick Donald Trump’s election victory could spark spreading economic growth that lifts ...
FIA welcomes EC proposals on capital requirements
November 24th, 2016
FIA welcomes today’s publication of the European Commission’s (EC) proposals to amend the Capital Requirements Directive 2013/36/EU (CRD IV) and the Capital Requirements Regulation EU No 575/2013(CRR). The proposals released today include numerous comprehensive changes and new provisions, many ...
