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Isle of Man Preparing to Pass Digital Currency Regulatory Framework

March 17th, 2015 (0)
The Isle of Man wants to become a leading Bitcoin hub and attract digital fintech businesses, entrepreneurs and developers, Business Insider reports. The government of the tiny island is about to pass a new regulatory framework to create a true paradise ...

Debunking $1.4 Trillion Europe Debt Myth in Post-Heta Age

March 17th, 2015 (0)
Austria’s decision to burn bondholders of a failed state bank may mean almost 1.3 trillion euros ($1.4 trillion) of European debt once deemed risk-free now comes with a hazard warning. Austria is the first country to wind down a ...

ECB Warns Cyprus as Government Pushes for Georghadji’s Dismissal

March 16th, 2015 (0)
The European Central Bank warned Cypriot President Nicos Anastasiades to respect central-bank independence after the country’s government started proceedings to dismiss Governor Chrystalla Georghadji. A year after previous Cypriot central-bank chief Panicos Demetriades resigned his post following months of ...

FCA confirms approach for financial promotions in social media

March 16th, 2015 (0)
The Financial Conduct Authority (FCA) has today published its guidance on financial promotions in social media. This follows detailed engagement and consultation with the industry. The FCA recognises that social media are powerful channels of communication which are of ...

Greek technical negotiations in Brussels, but the Greek FinMin is in Paris

March 11th, 2015 (0)
Greek FinMin Y. Varoufakis unexpectedly heads to Paris, a Greek delegation is in Brussels for technical negotiations, no “Troika” or “three institutions formerly known as Troika” expected in Greece on Wednesday as had been announced Greek negotiations with its ...

FXCM Inc. Announces Fourth Quarter and Full-Year 2014 Earnings Conference Call

March 10th, 2015 (0)
FXCM Inc., (NYSE:FXCM) a leading online provider of forex trading and related services worldwide, announced that it will report its 2014 fourth quarter and full year financial results after the closing of the U.S. financial markets on Thursday, March 12, 2015. ...

HSBC accused of incompetence by MPs in tax scandal

March 10th, 2015 (0)
HSBC executives have been accused by MPs of incompetence for saying they were unaware of tax evasion activities in their Swiss private bank. Chris Meares, the ex-head of HSBC’s private banking division: “I absolutely take responsibility for the control failings ...

Phillip Boakes sentenced following FCA prosecution

March 9th, 2015 (0)
Following an FCA prosecution, Phillip Boakes was today sentenced at Southwark Crown Court to ten years’ imprisonment for defrauding investors of at least £3.5m, using false instruments and accepting deposits without authorisation. Boakes pleaded guilty to two counts of ...

Varoufakis’ 6 reforms: 3 for humanitarianism + 3 for tax

March 4th, 2015 (0)
Greek Finance Minister Yanis Varoufakis is heading to the Eurogroup meeting of the euro area’s finance ministers on Monday with six proposals aimed at appeasing them. In an effort to reach a compromise, he is pulling back the proposal ...

Indirect tax rates continue to soar across the globe as governments devise new levies

March 3rd, 2015 (0)
Value-added tax (VAT) rates surge to a high of 21.6% in EU Member States More countries levying VAT, particularly in emerging markets Governments introduce new taxes on health products and e-commerce As VAT rates continue to rise, governments are ...
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