EAB and ESMA call to clarify Margin Requirements between CRR and EMIR
January 19th, 2017
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published today their joint report on the functioning of the Capital Requirements Regulation (EU) No 575/2013 (CRR) with the European Market Infrastructure Regulation (EU) No 648/2012 ...
Senior Compliance Officer
January 16th, 2017
Senior Compliance Officer Reference Number: SCO2017 XM, a CySEC regulated international investment company, is seeking to recruit a high calibre, ambitious and energetic professional to join its Compliance Team! The key responsibilities of the role include: Working closely with ...
ESMA calls for consistent application of MIFIR product intervention powers
January 13th, 2017
The European Securities and Markets Authority (ESMA) has issued today an Opinion regarding the scope of the product intervention powers under the Markets in Financial Instruments Regulation (MiFIR). These powers can be exercised by both national competent authorities (NCAs) ...
Three traders were charged with conspiring in forex rigging probe
January 11th, 2017
The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the manipulation of foreign exchange rates at major banks. Richard Usher, ...
The price of Bitcoin falls 10% as China plans to investigate exchanges
January 11th, 2017
The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin enterprises. The People’s Bank of China published an announcement this morning that it will carry out site inspections on January 17 to ...
Volkswagen confirms $4.3bn settlement; in addition it will plead guilty to criminal misconduct
January 11th, 2017
Volkswagen has confirmed it has negotiated a $4.3bn (£3.5bn) draft settlement with US regulators to resolve its diesel emissions scandal. The German car giant said in addition to the fine it will plead guilty to criminal misconduct as part ...
International law firm investigates multiple complaints against Banc de Binary
January 10th, 2017
International law firm investigates multiple complaints against Banc de Binary International law firm Giambrone (SLG) has today announced a partnership with a global finance firm focused on litigation funding to finance increasing number of litigation in the forex and ...
Italy introduces new tax system to attract high net worth individuals
January 9th, 2017
Italy has introduced a new territorial system of taxation for ‘newly resident’ individuals, with the aim of attracting high net worth individuals (HNWIs), including sportspeople and celebrities, who could be interested in relocating The new measure is contained in ...
AMF warns about proposals to invest in diamonds
January 9th, 2017
The AMF is warning the public about proposals to invest in diamonds. Seemingly highly attractive, and often presented as a safe investment, these proposals make glowing promises of exceptional and even unrealistic returns. The AMF is calling on individual ...
New Tax rules for transparency into force as of 1 January 2017
January 5th, 2017
With an announcement published on 3 January 2017 the European Commission has welcomed the entry into force of new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in ...
