Search Results for: ELA
FCA and Bank of England agree Memorandum
March 18th, 2014
The Financial Conduct Authority (FCA) and the Bank of England, including the Prudential Regulation Authority (PRA), have agreed a Memorandum of Understanding (MoU) that sets out how they co-operate with one another in relation to the supervision of markets ...
ASIC fined SuperHelp Australia Pty Ltd
March 18th, 2014
SuperHelp Australia Pty Ltd (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up a self-managed superannuation fund (SMSF) using SuperHelp’s administration services. ASIC’s concerns related to a SuperHelp advertisment ...
ASIC: suspension of licence
March 18th, 2014
ASIC, the Australian Securities and Investment Commissions, has cancelled the Australian financial services (AFS) licence of AIE Fiduciary Services Pty Ltd (AIE) following an application by AIE. The application was made after ASIC raised a number of concerns about ...
CySec: Acquisition of licence
March 18th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority has announced that the following companies have successfully obtained the CySec licence: Alecont Group Ltd S&S Mangement Services Ltd P & V CY Fiduciary Services Ltd The ...
GECAS may spend $4 billion on ship, chopper investments: CEO
March 17th, 2014
GECAS, the world’s largest aviation leasing firm, is looking at investing at least $4 billion in ship financing and helicopter leasing to diversify its portfolio – a potential move that reflects concerns over the value of some current jets. ...
Speculators See Gold Gaining With Wheat on Ukraine: Commodities
March 17th, 2014
After shunning gold and wheat for most of last year, hedge fund managers are piling back in as the escalating crisis in Ukraine spurs a rebound in the prices of both commodities. Speculators have the biggest bet on a ...
Yen Retreats as Russian Stocks Gain After Crimea
March 17th, 2014
The yen fell for the first time in six days against the dollar as a rally in Russian stocks damped concern Crimea’s vote to leave Ukraine will lead to an immediate increase in tensions between Russia and the West. ...
Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax
March 14th, 2014
The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to. The multinational companies have accumulated $1.95 trillion outside the U.S., up ...
George Ioulianos, General Manager of Cyprus Fiduciary Association
March 14th, 2014
1. What is the Cyprus Fiduciary Association and what has it achieved so far? The Cyprus Fiduciary Association was founded in November 2011 by the initiative of a number of fiduciary providers whose aim was to further develop and ...
BP Can Again Bid for U.S. Leases, Contracts After Spill
March 14th, 2014
BP Plc (BP/) won the right to again compete for U.S. contracts and for new leases in the Gulf of Mexico, where its massive 2010 oil spill prompted regulators to bar it from new government business. BP’s agreement with ...
