Search Results for: EC
FINMA announces “Accounting – banks” circular
June 4th, 2014
The Swiss Financial Market Supervisory Authority FINMA has published today the definitive version of the new circular “Accounting – banks”. The new circular is based on the Banking Ordinance that has been adopted and fully revised by the Federal ...
The Perils of Silos in Risk Management
June 4th, 2014
Silos, or autonomous units, can exist in most organizations. It’s no surprise that risk management can be divided into “siloed” functions, and it’s commonly done. Among their advantages: Silos can enable risk management specialization by business unit. For example, ...
Illegal Bitcoin IPO Actually Worked Out Pretty Well for Investors
June 4th, 2014
Today the Securities and Exchange Commission shut down a bitcoin investing scam that, as bitcoin investing scams go, is disappointingly un-scammy. A very bitcoiny guy named Erik Voorhees1 started some very bitcoiny companies called SatoshiDICE and FeedZeBirds,2 and he ...
Oil higher in Asian trade
June 4th, 2014
Oil prices edged higher in Asia on Wednesday as investors await the latest US supply report for clues about demand in the world’s biggest crude consumer. The US benchmark, West Texas Intermediate (WTI) for delivery in July, gained eight ...
U.S. Government Bonds Extend Selloff
June 4th, 2014
The roaring Treasury bond market has come to a screeching halt. Investors cashed in their chips out of the U.S. Treasury bond market on Tuesday for a fourth straight session as concerns grew that the price rally that accelerated ...
Don’t be conned by ‘e-mails from HMRC’
June 4th, 2014
Nottingham accountant Serena Humphrey is urging businesses to be vigilant of fraudulent e-mails. The owner of F Word financial training company believes companies are continuing to fall victim to the messages, claiming to be from HMRC, in many cases ...
Gunfire in Karachi, Stocks Drop on Report of Politician’s Arrest
June 4th, 2014
Shops closed and public buses stopped operating in Pakistan’s biggest city a day after U.K. police questioned Karachi’s most powerful political figure as part of a money-laundering investigation. About 400 people blocked one of Karachi’s main streets to protest ...
China’s Yuan edges lower on Dollar demand for dividend payments
June 4th, 2014
China’s yuan weakened marginally against the dollar on Wednesday as overseas-listed Chinese companies bought dollars to pay interim dividends, traders said. Spot yuan stood at 6.2552 per dollar at midday, easing 0.02 per cent from Tuesday’s close as the ...
Commodities markets summary
June 4th, 2014
ENERGY US oil prices edged higher in quiet trade, a day ahead of a key weekly report on US petroleum inventories, while Brent prices slipped in London. The US benchmark futures contract, West Texas Intermediate (WTI) for delivery in ...
European Commission urges UK to tax expensive homes more
June 4th, 2014
The European Commission has called on the UK to raise taxes on higher value properties, build more houses and adjust the Help to Buy scheme. In a review of UK economic policies, it said council tax bands should be ...
