Search Results for: regulators
Seven big banks settle U.S. rate-rigging lawsuit for $324 million
May 4th, 2016
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, ...
CONSOB Italy warns for unauthorised investment services firms in Italy
April 27th, 2016
The Commissione Nazionale per le Società e la Borsa (CONSOB), the regulatory authority of Italy, has issued an announcement to inform public and investors for firms not authorised to provide investment services and business in Italy. CONSOB warns for the below ...
Artificial Intelligence seen as opportunity and threat by financial services sector
April 26th, 2016
New global survey reveals tensions between optimism and unease Majority believe AI and other fintech will make financial markets more competitive by 2018 But more than three-quarters say regulators are unable to keep pace with changing technology Sixty percent ...
Lawyer Takes Aim at Volkswagen in Europe Over Emissions Scandal
April 26th, 2016
Volkswagen AG is a step closer to resolving its emissions-related legal woes in the U.S., but in Europe its troubles may be just beginning. Volkswagen last week said it was taking a €16.9 billion ($18.85 billion) charge against 2015 earnings, pushing the ...
Second international law firm enters the Law market of Iran
April 25th, 2016
Colibri Law Firm has become one of the first international law firms to establish a dedicated office in Tehran after partnering with one of Iran’s leading local law firms, Gheidi & Associates. As Colibri partner Otabek Suleimanov explains, “We ...
EU charges Google with abusing market dominance of Android
April 21st, 2016
Google found itself under fire again on Wednesday from EU antitrust regulators who say it abused the dominant position of its Android mobile operating system, a move which could hit a key money-spinner for the company. The charges by ...
Bitcoin exchange close to launch regulated and licensed services for all 28 countries in the EU
April 20th, 2016
One of the world’s largest bitcoin exchanges is reportedly close to announcing a new deal with the Luxembourg government that would enable it to launch regulated and licensed services across Europe. According to sources, Bitstamp may have secured a payment institution (PI) ...
A new firm obtained the CIF license from CySec
April 20th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “Itrade Global Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised to operate legally ...
CFTC Announces Additional Names to Its List of Foreign Entities that Illegally Solicit U.S. Residents in Forex and Binary Options
April 19th, 2016
Registration Deficient (RED) List on CFTC Website Identifies Companies Operating Illegally without Being Registered As part of the U.S. Commodity Futures Trading Commission’s (CFTC) ongoing efforts to help protect Americans from fraud, today the agency announced the addition of ...
Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis
April 14th, 2016
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives have yet to face criminal charges for helping send the ...
