Search Results for: OCED
Gouging the Gauchos
July 2nd, 2014
Like individuals, corporations, and other private firms that rely on bankruptcy procedures to reduce an excessive debt burden, countries sometimes need orderly debt restructuring or reduction. But the ongoing legal saga of Argentina’s fight with holdout creditors shows that ...
Goldman Sachs fined over dark pool pricing
July 2nd, 2014
Goldman Sachs has been fined $800,000 (£466,000) by a US regulator for “failing” to ensure that trades in its dark pool took place at the best price. The regulator said more than 395,000 trades were executed in the bank’s ...
After BNP, U.S. targets on more banks
July 1st, 2014
BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the ...
EU Set For Tariff Liberalizing Agreements With Eastern Partners
June 27th, 2014
The European Union (EU) is set to ink new Association Agreements with Georgia, Moldova and Ukraine that will eventually eliminate tariff barriers to trade. The EU will sign the deals in their entirety with Georgia and Moldova on June ...
Shanghai Free Zone Moves To Launch Investment Platform
June 25th, 2014
The Shanghai Pilot Free Trade Zone plans to set up an international assets and equity trading platform for financial leasing companies to diversify the financial services they offer from the zone. The platform – the first of its kind ...
Canada Amends National Law to Regulate Bitcoin Businesses
June 24th, 2014
The Parliament of Canada has passed a bill that amends the country’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act of 2000 to extend to both foreign and domestic businesses working in the bitcoin and digital currency sectors ...
The Case of the Missing White-Collar Criminal
June 23rd, 2014
The senior executives who played leading roles in the 2008 financial crisis can breathe a sigh of relief: If any committed crimes, the statute of limitations will run out for most of them this year. It’s safe to say ...
ACCA welcomes new rules against money laundering and terrorist finacing
June 20th, 2014
The keywords in fighting money laundering and terrorist financing throughout Europe and worldwide are transparency and consistency between EU rules and the international approach, says global accountancy body In February 2013, the European Commission unveiled a package incorporating new ...
Three large multinationals under pricing investigations
June 18th, 2014
The European Commission has launched an investigation into the transfer pricing arrangements of three large multinationals about how they’re treated in three countries. The companies are Apple in Ireland, Fiat Finance and Trade in Luxembourg and Starbucks in the ...
German Bank reopens 10-year Federal bonds
June 17th, 2014
The German Bank, Deutsche Bundesbank, has announced the reopening of 10-year Federal bonds with an invitation to bid by auction. For the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, will reopen the 1.50 % ...
