Search Results for: FIS
Sharp Said to Consider New Loans, Equity Options for Funding
March 4th, 2015
Sharp Corp. is considering a range of financing options, including the sale of new shares to business partners and additional bank loans, in an effort to restructure its debt, according to people familiar with the matter. The options also ...
Athens preparing reform proposals for Eurogroup
March 4th, 2015
A collection of reform proposals are being put together by the government so Finance Minister Yanis Varoufakis can present them at Monday’s Eurogroup, with Athens hoping that this will help it secure part of the remaining 7.2 billion euros ...
Statement by Dr. Raghuram G Rajan, Governor, on Monetary Policy
March 4th, 2015
It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that ““Key to further easing are data that confirm continuing ...
World Bank Approves $500 Million Project to Improve Access to Finance for Micro, Small and Medium Enterprises
March 2nd, 2015
The World Bank today approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) working in the manufacturing and services sector, including startups ...
Bank of England could issue own digital currency
February 27th, 2015
Like its counterparts in the US, the Bank of England is pondering the implications of issuing its own digital currency. The potential of a central bank-backed digital currency is touched on with the publication of the BofE’s ‘One Bank Research ...
FATCA registration guidance updated to publicise time lag
February 26th, 2015
HMRC has updated its Foreign Account Tax Compliance Act (FATCA) registration guidance to inform of the time lag between registration and reporting FATCA requires financial institutions (FIs) outside the US to pass information about their US customers to the ...
Greek Goverment shifts focus to funding needs after list approved
February 25th, 2015
Creditors clear reforms with some caveats The Greek government on Tuesday shifted its focus to the pressing matter of tackling immediate funding needs after the country’s international creditors provisionally approved a list of economic reforms proposed by the Greek ...
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
International and regional bodies that combat money laundering (Part A)
February 24th, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
Greece: We’ll fight on against austerity – Interview with FM Varoufakis
February 24th, 2015
Greece’s leftist government will implement all policies promised during the recent election campaign, Finance Minister Yanis Varoufakis said Monday. Speaking to CNN’s Christiane Amanpour, he said the battle to “recalibrate the austerity” imposed on Greece by its international creditors ...
