Search Results for: MoU
Codes of behaviour
November 6th, 2016
Observing America’s presidential election from afar has been a curious experience for foreigners. The next President will be the de facto ruler of the advanced nations, unelected by them, but subject to his or her overreaching strategic commands. On ...
Switzerland is easing its FinTech regulatory framework to boost its competitiveness
November 4th, 2016
A dynamic fintech system can contribute significantly to the quality of Switzerland’s financial centre and boost its competitiveness. Against this backdrop, the Federal Council called for an easing of the regulatory framework for providers of innovative financial technologies during ...
U.K. Court Puts Brexit in Hands of Parliament
November 4th, 2016
A U.K. court put a hurdle in the country’s route out of the European Union, ruling that Prime Minister Theresa May can’t start the process without approval from Parliament. The High Court decision offers a potential opening to lawmakers to disrupt ...
GAIN Capital reports net loss of $4.7 million for 3Q 2016
November 4th, 2016
Third Quarter Net revenue of $72.2 million Net loss of 4.7 million Adjusted EBITDA1 of $3.3 million Loss per diluted share of $0.11 Adjusted loss per diluted share1 of $0.12 Nine Months Net revenue of $296.1 million Net income ...
Commerzbank CET 1 Capital Ratio Increased to 11.8%
November 4th, 2016
Operating profit of €429 m for third quarter 2016 compared to €351 m for second quarter 2016 (Q3 2015: €452 m) CET 1 capital ratio increased to 11.8% as of end of September 2016 (end of June 2016: 11.5%; ...
ASIC announced no debit fees for payday loans
November 4th, 2016
Following an independent review of payday lending laws, ASIC has taken steps to ensure consumers are not charged direct debit fees when taking out a small amount loan. This new rule will apply to any payday loan provided from ...
China Foreign Exchange Trade System (CFETS) joins R3 distributed ledger consortium
November 3rd, 2016
Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. Headquartered in Shanghai, CFETS ...
Saudi Arabia may soon go bankrupt If no changes are made; Saudi experts
November 3rd, 2016
A two-year drop in oil prices has inflicted a dramatic blow to the economy of one of the world’s richest countries. If no changes are made, Saudi Arabia, according to some Saudi experts, will go bankrupt in three to ...
Here’s How the US Presidential Election Will Affect the Markets; BlackRock
November 3rd, 2016
The 2016 U.S. election is unusually consequential. BlackRock’s Chief Equity Strategist Kate Moore examines what it could mean for investors. The 2016 U.S. election is unusually consequential. The underlying dynamics are driven by widening income inequality across the world, ...
KPMG is getting questioned to Wells Fargo sales-practices scandal
November 3rd, 2016
Wells Fargo & Co. isn’t the only one having to answer to Washington over its sales-practices scandal. Its longtime auditor, KPMG LLP, is getting questioned, too. In a letter to KPMG last week, Sen. Elizabeth Warren (D., Mass.) and ...
