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FCA released about Alpari (UK) Ltd entered into Special Administration Regime

January 21st, 2015 (0)
With a FAQ, FCA informs what is the Special Administration Regime (SAR)? Why did Alpari (UK) Limited enter the SAR? and other necessary details. FAQs 1. What is the Special Administration Regime (SAR)? The SAR, introduced by the government ...

Switzerland, Italy Reach Agreement On Tax Treaty

January 20th, 2015 (0)
Italy and Switzerland have agreed an amendment to their double tax agreement to enhance tax information exchange provisions. It is hoped that the agreement will be signed before the March 2 deadline set by Italy’s new voluntary disclosure program ...

World Economic Outlook (WEO) UPDATE

January 20th, 2015 (0)
Cross Currents   Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...

FXCM Provides Further Details on Financing With Leucadia National Corporation

January 20th, 2015 (0)
Further to the announcement that Leucadia is investing $300 million in cash into FXCM, the leading online provider of foreign exchange issued a stattement with further details on the financing. Read also the announcement Leucadia is investing $300 million in cash ...

Former directors of First China financial services group ordered to compensate the company

January 20th, 2015 (0)
SFC obtains court orders against current and former directors of First China to compensate the company RMB18.69 million The Court of First Instance has ordered three current and former directors of First China Financial Network Holdings Ltd (First China), ...

IAASB Issues Final Standards to Improve Auditor’s Report

January 19th, 2015 (0)
New and Revised Standards Establish ‘Step Change’ in Auditor Reporting The International Auditing and Assurance Standards Board® (IAASB®) today released its new and revised Auditor Reporting standards, designed to significantly enhance auditor’s reports for investors and other users of ...

Markets closed as US celebrate Martin Luther King Day

January 19th, 2015 (0)
Friday was marked by growing quotes on international stock markets. The Michigan consumer sentiment index in January outstripped forecasts and suddenly reached 98.2 points, renewing its 11-year maximum. All the other American macro-economic data also appeared to be positive. ...

Switzerland Underestimated Effect Of Currency Move On Swiss Franc

January 19th, 2015 (0)
After Switzerland’s central bank shocked global markets with a surprise currency move on Thursday, the global consensus a day later was: No more surprises, please. Currency brokers across the globe suffered deep losses, people in Geneva lined up at ...

Newspapers condone Swiss National Bank’s decision

January 19th, 2015 (0)
The Swiss National Bank’s decision on Thursday to do away with a lower limit of CHF1.20 on the exchange rate for the euro dropped like a bomb on pretty much everyone both inside and outside of the country. Newspapers ...

Why the Swiss unpegged the franc

January 19th, 2015 (0)
In the world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate ...
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