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Greek Goverment shifts focus to funding needs after list approved
February 25th, 2015
Creditors clear reforms with some caveats The Greek government on Tuesday shifted its focus to the pressing matter of tackling immediate funding needs after the country’s international creditors provisionally approved a list of economic reforms proposed by the Greek ...
Hellenic Bank cuts its base interest rates by 1%
February 19th, 2015
1% reduction in the interest rate for credit cards As a result, either the outstanding balance is reduced or the payback period shortened In line with its commitment to support Cypriot households and enterprises, Hellenic Bank is reducing all ...
CySec: Withdraw of CIF authorisation
February 19th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement informing that: On its meeting of 2 February 2015, has decided, pursuant, of section 25(1)(c) of the Investment Services and Activities and Regulated Markets ...
CySec announces the suspension of the authorisation of CIF ‘Pulp International Business Ltd’
February 19th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: The authorisation of the Cyprus Investment Firm ‘Pulp International Business Ltd’, number 095/08, is suspended, pursuant to section 26(2) of the Investment Services and ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
February 18th, 2015
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “EDR Financial Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the ...
Greece to try for loan extension from eurozone
February 18th, 2015
Request sees bailout terms being set aside Greece is set to submit Wednesday to the Eurogroup a request for a six-month extension to its loan agreement with its creditors, sources close to the negotiations between Athens and the eurozone ...
Half of the world’s banks set to fall by the digital wayside – BBVA
February 5th, 2015
Up to half of the world’s banks will disappear through the cracks opened up by digital disruption of the industry, forecasts BBVA chairman and CEO Francisco Gonzalez. Speaking to the press as the bank reported a 25% uplift in ...
Foreign Law Firms Face Pressure in China
January 27th, 2015
For Western law firms doing business in Asia, last week represented the best of times and the worst of times. On one end of the spectrum: New York law firm Fried, Frank, Harris, Shriver & Jacobson LLP, which said ...
Interview with Jens Weidmann: “The risk of exaggerations increases”
January 27th, 2015
“The risk of exaggerations increases” Mr Weidmann, the ECB was originally modelled on the Bundesbank. Was this tradition laid to rest on Thursday? I wouldn’t make this out to be some kind of sea change, but I do regard this ...
CySec requests further information from CIFs after the recent move on Swiss Franc
January 19th, 2015
The recent move on the Swiss Franc has urgent CySec to ask information from the investment firms under its supervision, on the impact of the move on their business. With a circular, the Cyprus Securities and Exchange Commission (CySec) ...
