Search Results for: regulators
‘Big Four’ audit firms never examined over illegal tax plans
January 18th, 2016
Regulators fail to act as they are dominated by the companies they are supposed to police, say critics Audit and accountancy firms who devise tax-avoidance schemes ruled unlawful have never faced official reprimand, The Independent can reveal. None of the so-called ...
Emissions-Testing Probe Prompts Raid of Renault Facilities
January 15th, 2016
Antifraud officials search several French car maker’s headquarters, engineering center France’s antifraud authority has launched an emissions investigation into Renault SA and other car makers, French Economy Minister Emmanuel Macron said Thursday, deepening scrutiny of Europe’s car industry after Volkswagen AG was caught cheating on ...
SEC Charges 11 Bank Officers and Directors With Fraud
January 14th, 2016
The Securities and Exchange Commission today announced fraud charges against 11 former executives and board members at Superior Bank and its holding company involved in various schemes to conceal the extent of loan losses as the bank was faltering ...
Britain’s biggest insider trading case is finally going to trial — 6 years since dawn raids
January 12th, 2016
Almost six years after a series of dawn raids shocked the City of London, one of the UK’s biggest ever insider-trading cases is finally going to trial. The case – code named Tabernula, which is Latin for “little tavern” – ...
China forex regulator says will ramp up risk control efforts
January 11th, 2016
China’s foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country’s foreign exchange market in 2016. The State Administration of Foreign Exchange ...
Lloyds under investigation by FCA over possible market rigging
January 7th, 2016
Reports say investigation into gilts trading is not industry-wide despite recent criticism of regulator for dropping review into culture at major banks The City regulator is investigating whether traders at Lloyds Banking Group manipulated the price of government bonds, in a ...
China bans prepaid card provider, warns non-bank financial firms
January 7th, 2016
China’s central bank on Thursday said it had revoked the license of a prepaid card provider and vowed to crack down on non-bank financial institutions that violated the law. The People’s Bank of China (PBOC) said on its website ...
British Virgin Islands Regulatory Authority warns for unauthorised investment services firms
January 5th, 2016
The Regulatory Authority of British Virgin Islands, Financial Services Commission (FSC), has issued a warning to inform public and investors for firms claim to be incorporated, licensed and regulated in the British Virgin Islands. Specific, FSC, warns that the ...
China Said to Intervene in Stocks After $590 Billion Selloff
January 5th, 2016
State funds buy after CSI 300 index tumbled 7% on Monday CSRC signals six-month selling ban on major holders to stay China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled ...
CySec announced a new CIF licence for an Investment firm
January 5th, 2016
Further to CySec’s announcement for new CIF License acquisition dated December 04, the Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, announces today that “Starfish Markets (Cy) Ltd“ has successfully obtained the CySec licence for ...
