Search Results for: MoU
China Cuts Interest Rates for Fifth Time in Bid to Stem Rout
August 25th, 2015
China cut interest rates for the fifth time since November and lowered the amount of cash banks must set aside, falling back on its major levers to stem the biggest stock market rout since 1996 and a deepening economic ...
Deutsche Bank Said to Probe Senior Russia Employee Over Bribes
August 24th, 2015
Deutsche Bank AG’s internal probe into possible money laundering at its Russian unit has sparked an investigation into whether a senior employee took bribes, people with knowledge of the situation said. The bribery investigation is in its early stages, ...
Banks fine tally since crisis hits $US260bn
August 24th, 2015
The wave of fines and lawsuits that has swept through the financial industry since the 2007-08 crisis has cost big banks $US260 billion, new research from Morgan Stanley shows. The analysis, which covers the five largest banks in the ...
China chooses her weapons
August 22nd, 2015
China’s recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the ...
Former CIA employee and NSA Edward Snowden on Bitcoin
August 21st, 2015
Speaking in an interview during IETF 93 Meeting, former CIA employee and NSA contractor Edward Snowden, spoke among others about Bitcoin. He focused his talk on Bitcoin’s flaws and weakness. Edward Snowden began by briefly speaking about the the ...
The accountancy profession in Colombia: ACCA and EAN University in Bogota signed an agreement
August 21st, 2015
ACCA has issued a press release to inform that, a Memorandum of Understanding has been signed between EAN University in Bogota, Colombia, and ACCA (the Association of Chartered Certified Accountants) to develop the accountancy profession in the South American ...
CFTC Issues Proposed Amendments to Swap Data Recordkeeping and Reporting Requirements for Cleared Swaps
August 21st, 2015
What is Swap? A currency swap is the simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate. Find More Glossary Terms for Trading under Trading Education The U.S. Commodity Futures Trading ...
Law firms given platform to share cyber threat information
August 21st, 2015
Over 180 law firms including Davis Polk & Wardwell have applied to join the platform, which will be known as the Legal Services Information Sharing and Analysis Organization. The organisation will run in parallel to the Financial Services Information ...
Broker commissions on ASIC’s radar
August 21st, 2015
The corporate watchdog has identified the possibility that brokers could be driven by commission to recommend bigger mortgages to borrowers. Speaking at the release of a report on interest-only loans yesterday, ASIC deputy chair Peter Kell said that while ...
Fatca law: Taking the IRS to Court
August 21st, 2015
The 2010 Fatca law has made many Americans unbankable overseas. Nancy Pelosi famously said Congress had to pass ObamaCare so Americans could learn what was in it, but that rule applies to other regulatory monsters too. Take Fatca, the ...
