Search Results for: Banks
Tougher rules on money laundering to fight tax evasion and terrorist financing
May 25th, 2015
The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a “legitimate interest”, such as investigative journalists, under new rules already agreed with the ...
BRICS to establish new multi-currency financial order
May 25th, 2015
The new BRICS initiatives break the monopoly of existing western institutions over the financial order – a very important symbolic change, as it’s the first time a global financial institution is led by developing countries, said experts to RT. ...
Swiss Bankers Respond To Privacy Initiative
May 25th, 2015
The Swiss Bankers Association (SBA) has published a new report on the “Yes to the protection of privacy” initiative, which criticizes plans to enshrine bank-client confidentiality in the federal constitution. The “Yes to the protection of privacy” initiative was ...
Plus500: Further statement regarding Plus500UK’s dialogue with the FCA
May 25th, 2015
Plus500, a leading online service provider for retail customers to trade CFDs internationally, has issued the following statement to respond to recent speculation regarding the current status of Plus500UK’s dialogue with the FCA, in particular in relation to the ...
Federal Reserve proposes adding certain investment grade general obligation state and local municipal bonds
May 25th, 2015
The Federal Reserve Board on Thursday proposed adding certain general obligation state and municipal bonds to the range of assets a banking organization may use to satisfy regulatory requirements designed to ensure that large banking organizations have the capacity ...
Top news of the day, May 22
May 22nd, 2015
1.The dollar edged lower versus a basket of majorcurrencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers. The dollar index slipped 0.2 percent to 95.117, having backed off from ...
Bank Regulations Increasing Capital Requirements by $2 Trillion in Europe, U.S.
May 22nd, 2015
FICO has found cumulative capital requirements among banks in Europe and the United States are on pace to increase more than $2 trillion from pre-financial-crisis levels due to new regulations. That finding is included in a report on the global banking sector ...
FCA publishes terms of reference for its investment and corporate banking market study
May 22nd, 2015
The Financial Conduct Authority (FCA) has set out the issues it will focus on as part of its market study into competition in investment and corporate banking. These markets are a cornerstone of the UK economy, helping companies raise ...
Barclays to Pay $400 Million Penalty to Settle CFTC Charges
May 21st, 2015
CFTC Also Took Action Today Against Barclays and its Affiliates for Attempted Manipulation and False Reporting of the ISDAFIX Benchmark, an Interest Rate Benchmark — the First Enforcement Action Addressing Abuse of ISDAFIX Barclays Has Now Been Subject to ...
Legal troubles continue to brew despite FX settlement
May 21st, 2015
European Banks embroiled in the FX rigging scandal saw their shares rise yesterday after regulatory fines came in lower than unexpected, despite further legal woes looming on the horizon in UK courts. FTSE-listed Barclays rose 3.37 per cent and RBS increased 1.78 per ...
