Search Results for: EBS
Financial Regulators of Italy and Belize warn for unauthorised financial services firms
January 12th, 2016
The Financial regulator of Italy, CONSOB and the International Financial Services Commission of Belize have issued warnings to inform public and investors for unauthorised financial services firms. Specific, CONSOB warns that the companies Zar Forex Capital Markets Ltd, RGV ...
Commission concludes Belgian “Excess Profit” tax scheme illegal; around €700 million to be recovered from 35 multinational companies
January 11th, 2016
The European Commission has concluded that selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The scheme has benefitted at least 35 multinationals mainly from the EU, who must ...
Venezuelans Escape Currency Collapse with Bitcoin
January 11th, 2016
Cryptocurrency Users Double in One Year “Bitcoin adoption in Venezuela will explode any time now,” one early cryptocurrency adopter in the South American nation confidently predicts. Bitcoin experts argue that the worse an economy is, the more interest there ...
Swaps Payout Is a Windfall for Funds
January 11th, 2016
Market participants, lawyers will divide up $1.9 billion settlement Here’s another way some Wall Street debt traders are making money: suing. Several hedge funds and other big credit investors are in line for payouts of tens of millions of ...
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 ...
FCA:Unauthorised Forex (FX) trading and brokerage firms
January 8th, 2016
FCA UK has issued an announcement to inform public and investors in relation to unauthorised Forex trading and brokerage firms. FCA points out that all firms offering their investment and trading services in UK must be authorised by the ...
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 ...
SEC: J.P. Morgan Misled Customers on Broker Compensation
January 7th, 2016
The Securities and Exchange Commission announced that J.P. Morgan’s brokerage business agreed to pay $4 million to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ ...
The ‘Bitcoin Island’accept the digital currency for everyday transactions
January 4th, 2016
Bitcoin: How the Isle of Man is leading a cryptocurrency revolution A scattering of businesses on ‘Bitcoin Island’ accept the digital currency for everyday transactions alongside sterling Like most coffee shops, Java Express in Douglas offers its clientele ...
China to curb risks from abnormal cross-border capital flows: regulator
December 31st, 2015
China’s foreign exchange regulator said on Wednesday that it will improve its policy reserves and contingency plans to curb risks from abnormal cross-border capital flows. A fall of $150.3 billion in China‘s foreign debt in the third quarter showed ...
