Search Results for: Member States
Baker Tilly in the US and SF&Company Announce Merger
August 28th, 2015
Combination of accounting and advisory firms will increase Baker Tilly’s service capabilities in the Northeast region of the United States. Baker Tilly Virchow Krause, LLP (Baker Tilly) and SF&Company announced that they have agreed to merge, expanding and enhancing ...
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
Deloitte, Libra, Accenture: The work of auditors in the age of Bitcoin 2.0 technology
August 20th, 2015
Back in the late 1990s the cryptographer Nick Szabo predicted the paper-era techniques of auditing and accounting would be dramatically augmented by, and eventually integrated into, smart contracts. The last year or two has seen lots of opinion about ...
Derivatives markets see oil prices to stay low for years to come
August 20th, 2015
Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many ...
Tax Administration new report compares performance, best practices and trends in 56 tax administrations
August 17th, 2015
Tax administrations continue to face the challenges of improving their performance while reducing costs, decreasing compliance burdens for taxpayers tackling non-compliance. Improving taxpayer services, while making non-compliance harder, is helping revenue bodies increase their efficiency and allowing governments to ...
The Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran
August 12th, 2015
June – July 2015 Update The U.S. Energy Information Administration (EIA) estimates that global oil inventories grew by an average of 2.5 million barrels per day (b/d) in June and July, sharply exceeding the 0.4 million b/d build during ...
Yuan cut clobbers markets, rekindles fear of forex war
August 12th, 2015
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications ...
Citigroup’s Sale of OneMain to Springleaf Hits Antitrust Obstacle
August 7th, 2015
Springleaf agreed in March to buy OneMain from Citigroup U.S. antitrust authorities have thrown a wrench into Citigroup Inc.’s plan to divest its subprime lending unit. Five months ago, Citigroup said it would sell the business, known as OneMain Financial, to Springleaf ...
CFTC Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty
August 7th, 2015
CFTC Orders Morgan Stanley & Co. LLC to Pay a $300,000 Civil Monetary Penalty for Violations of Customer Protection Rule for Cleared Swaps and Related Supervision Failures Order Finds that the Firm Failed to Maintain Sufficient U.S. Dollars in ...
Here Comes The Next Trillion-Dollar Bailout
August 4th, 2015
As boxers like to say, it’s the punch you don’t see that knocks you out. In a world where a growing part of the financial system is hidden from view and excluded from official statistics, those are words to ...
