Search Results for: OCED
Apple Lambasts The FBI For Not Asking The Nsa To Help Hack That Iphone
March 16th, 2016
IN THE SHOWDOWN between Apple and the Justice Department over an iPhone used by one of the San Bernardino shooting suspects, one question has loomed large. Why hasn’t the FBI sought assistance from the National Security Agency—which employs some of ...
Volkswagen Sued for $3.7 Billion in Germany Over Diesel Scandal
March 15th, 2016
Law firm filed case on behalf of 278 institutional investors Lawsuit argues VW disclosures to investors came too slowly Volkswagen AG is being sued for 3.3 billion euros ($3.7 billion) over the cover-up of its polluting diesel engines, its ...
ESAs publish final draft technical standards on margin requirements for non-centrally cleared derivatives
March 10th, 2016
The European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) published today the final draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR). These RTS cover the risk mitigation techniques related to the exchange ...
ISIS ‘making millions’ by gaming forex markets
March 4th, 2016
The militant group that calls itself Islamic State (ISIS) is exploiting national banking operations in Iraq and could be making up to $25 million a month in Middle Eastern money markets, according to experts. Speaking to a U.K. parliamentary ...
Single market: Commission urges four Member States to comply with the Services Directive in the area of regulated professions
February 26th, 2016
The European Commission is taking further steps in its infringement procedures against Austria, Cyprus, Germany, and Poland on the grounds that their national rules include excessive and unjustified obstacles in the area of professional services. Despite the exchanges held with the four Member ...
EU insolvency law reform could boost growth and jobs across Europe, finds new AFME report
February 24th, 2016
AFME has published new research showing that European insolvency law reform could boost GDP output and create jobs across Europe. Insolvency reform is a key plank of the European Commission’s action plan on Capital Markets Union (CMU). The research, produced in ...
Fighting tax evasion: The European Union and the Principality of Monaco initial new tax transparency agreement
February 24th, 2016
The EU and Monaco have today initialled a new tax transparency agreement marking another major step forward in the fight against tax evasion. The agreement provides that Monaco and EU Member States will automatically exchange information on the financial accounts of ...
Credit Suisse Said to Face Money-Laundering Probe in Italy
February 23rd, 2016
Bank also said to be probed for tax evasion in Milan case Bank says business has clear rules, focused on declared assets Milan prosecutors are investigating Credit Suisse Group AG on suspicion of money laundering and tax evasion over ...
What impact will new European law have on the buy-to-let market?
February 19th, 2016
At the moment buy-to-let lending is not regulated. But new rules from 21 March 2016 mean that around one in ten of this type of mortgage lending will come under the regulatory control of the Financial Conduct Authority. What ...
New Digital Currency Zcash Promises Total Anonymity and Privacy
February 18th, 2016
The creators of a new digital currency say that mathematical algorithms will ensure that its users keep their transactions counterparties and amounts encrypted. While digital currencies such as Bitcoin are known for their pseudonymity, it is often possible to ...
