Search Results for: ELA
Risks for investing in complex products
March 13th, 2014
The Cyprus Securities and Exchange Commission (‘the Commission’) wishes to inform the Cyprus Investment Firms (‘the CIFs’) about the following: 1. The European Securities Markets Authority (‘ESMA’) has issued a warning to investors in relation to risks of investing in complex ...
FINRA Issues New Investor Alert, Bitcoin: More than a Bit Risky
March 13th, 2014
The Financial Industry Regulatory Authority (FINRA) issued a new investor alert called Bitcoin: More than a Bit Risky to caution investors that buying and using digital currency such as Bitcoin carry risks. While speculative trading in bitcoins carries significant risk, there ...
Parliament toughens up anti-money laundering rules
March 13th, 2014
The ultimate owners of companies and trusts would have to be listed in public registers in EU countries, under draft anti-money laundering rules voted by Parliament on Tuesday. The draft law would also require banks, auditors, lawyers, real estate ...
Harris Georgiades, Minister of Finance
March 12th, 2014
Cyprus is striving to get back to business as usual after securing a financial bailout package, what are the immediate priorities of the Ministry of Finance? After the recent Eurogroup decisions on financial assistance, Cyprus aims to restore confidence ...
Obama Meeting With Yatsenyuk Raises Stakes in Ukraine
March 12th, 2014
Barack Obama’s meeting with Ukraine’s prime minister today raises the stakes in his attempt to confront Russian President Vladimir Putin’s ambitions in Crimea and preempt its spread to other countries in the region. The invitation to Prime Minister Arseniy ...
Lenovo says China strike an IBM matter, but it won’t cut wages
March 11th, 2014
Chinese PC maker Lenovo Group Ltd said it was up to IBM to resolve a wildcat strike at a China-based factory, as a deal to buy the U.S. company’s server business had yet to be finalized. More than 1,000 ...
FASB Stands by Fair Value Measurement Standard
March 11th, 2014
The Financial Accounting Standards Board has responded to a post-implementation review of its accounting standard for fair value measurement, saying it doesn’t plan to make any comprehensive changes. Last month, FASB’s parent organization, the Financial Accounting Foundation, released the ...
FCA: on SME Banking Market Study
March 11th, 2014
The FCA has announced that it has been working closely with the Office of Fair Trading (OFT) on the SME banking market study. The OFT has issued a market study update, which sets out a summary of the analysis ...
Cyprus central bank head who led Cyprus through bailout quits
March 11th, 2014
Cypriot Central Bank governor Panicos Demetriades, whose testy relations with the island’s government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned on Monday. President Nicos Anastasiades, who had been pressing for Demetriades’s departure ever ...
As talk of sanctions on Russia heats up, business groups draw cautionary line
March 10th, 2014
Business groups are pushing to ensure that any economic sanctions imposed on Russia by the United States are joined by as much of the rest of the world as possible, warning Congress and the Obama administration that unilateral U.S. ...
