Search Results for: Ether
The Two New Tools of Monetary Policy
November 12th, 2014
Every basic exposition of how monetary policy is conducted before about 2008 is soon to become obsolete. The three basic monetary policy tools that used to be taught in almost every introductory economics course were changing reserve requirements, changing ...
Suit Accuses Banks of Role in Financing Terror Attacks
November 11th, 2014
The suit accuses banks — including HSBC and Barclays — of helping to finance the violent activities through their ties to Iran, painting Wall Street as a sort of middleman of terror. Those acts of terrorism occurred a world away ...
Banks Said Poised to Settle With CFTC in FX-Rigging Cases
November 11th, 2014
Banks suspected of rigging the $5.3 trillion-a-day currency market are preparing to reach settlements as early as this week with the main U.S. derivatives regulator, according to a person with knowledge of the cases. The Commodity Futures Trading Commission may levy ...
Tax Reform Not Included In Obama, Congress Meeting
November 11th, 2014
While there had been some hope of immediate moves towards United States corporate tax reform after the mid-term election results, the first joint meeting on November 7 between President Barack Obama and Republican lawmakers, who will now control both ...
CFTC Further Implements Trade Execution Requirement
November 11th, 2014
The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight (Division) announced further implementation of the trade execution requirement for certain interest rate and credit default swaps. The Division previously provided no-action relief for certain swaps required ...
U.S. judge says Citigroup can process Argentina’s next bond payment
November 11th, 2014
A U.S. judge ruled on Monday that Citigroup Inc could process an $85 million interest payment by Argentina on bonds issued under its local laws following its 2002 default. U.S. District Judge Thomas Griesa in New York said Citigroup could process the Dec. 31 payment ...
IFSB issues paper on Islamic Finance Regulation
November 11th, 2014
The Working Paper is issued in parallel to the Exposure Draft (ED-17) of the Standard on Core Principles for Islamic Finance Regulation (Banking Segment), and provides the background and wider context for the Standard that is under preparation by ...
U.S. judge rejects BP bid to oust Gulf spill claims chief
November 11th, 2014
BP Plc has failed to persuade a federal judge to oust the administrator overseeing payouts to businesses and individuals claiming damages arising from the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier in New Orleans on ...
Over 1,000 business leaders support fundamental change to UK’s relationship with the EU
November 10th, 2014
More than 1,000 business leaders have signed up to the campaign group Business for Britain, which lobbies for significant change to Britain’s relationship with the EU. An advert with all the signatories was published in today’s Sunday Telegraph. The ...
Credit Without Banks: Shadow Banking
November 10th, 2014
One of the vivid lessons of the 2007-2009 recession and financial crisis is that in the modern economy, one can’t just think about the financial sector as made up of banks and the stock market. Other financial institutions can ...
