Search Results for: Austria
CEO fired after firm loses millions following email scam
June 1st, 2016
FACC, an Austrian aerospace manufacturer, has fired its CEO, Walter Stephan, after losing €50million (£38.5million) in a business email compromise scam at the beginning of the year. The scam impersonates an executive – preferably a finance one – and ...
Regulation – the hidden curse
May 27th, 2016
Regulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the public through bad practices. Manufacturers are banned from making products which are dangerous to children, ...
Europe to follow Asia’s lead with mixed open; Bayer puts in $62 billion Monsanto bid
May 23rd, 2016
European stocks are expected to open mixed on Monday following a mixed start to the week in Asia after weak Japanese export data and a dip in oil prices. The London FTSE index is called to open 1 point higher ...
FCA issued warnings against clone investment firms
May 18th, 2016
The Financial Conduct Authority has issued press releases to inform public and investors regarding clone financial services firms. According FCA, fraudsters are using the details of firms the Authority has authorised to try to convince people that they work for a ...
ECommPay: Regulations of FOREX industry
May 18th, 2016
Forex (FX) regulation is crucial to both security and mutual trust between traders and operators. Companies operating from jurisdictions lacking in regulatory supervision are able to do so in an unfair and illegal manner without facing serious repercussions. Moreover, ...
The Financial Regulators of UK, Switzerland, Hong Kong, Malaysia, Ireland and Sweden warn for unauthorised investment services firms
May 11th, 2016
The Financial Conduct Authority (FCA) of UK, the Swiss Financial Market Supervisory Authority (FINMA), the Securities and Futures Commission (SFC) of Hong Kong, the Securities Commission (SC) of Malaysia, the Central Bank of Ireland and the Finansinspektionen of Sweden ...
New rules from the EU Commission would require nations to pay €250,000 for each asylum seeker they refuse
May 5th, 2016
EU Proposes Fines for Member Countries That Refuse to Take in Migrants New proposed asylum rules aim to ease burden of countries on front line of Europe’s migrant crisis The European Union’s executive body on Wednesday proposed controversial new ...
UK and EU states call for rapid access to global beneficial ownership register
April 27th, 2016
The UK has joined forces with 19 European countries and the British overseas territories of Anguilla and Montserrat in the Caribbean, to issue a joint statement callng for rapid adoption of the automatic exchange of beneficial ownership information The ...
The ECB and shadow banking
April 19th, 2016
Markets have fully adjusted to a financial world which reflects the leadership and management of money by central banks, and are increasingly frightened of any prospect of their control failing. Every time the system stumbles, the response has been ...
€4.5mn contract for Bulgaria-Romania gas pipeline
April 14th, 2016
Austrian engineering firm Habau last week signed a €4.5mn contract for building a section of the Bulgaria-Romania gas pipeline under the Danube river. The deal was signed in Sofia by the transmission system operators of Bulgaria and Romania: Bulgartransgaz and Transgaz and Habau ...
