Search Results for: PRA
Thomson Reuters acquires FX Benchmarks from State Street Corporation
April 4th, 2016
Thomson Reuters today announced it has acquired WM/Reuters FX benchmark rate calculation business of The World Markets Company (WM) from State Street Corporation. The acquisition will be effective immediately. The acquisition of the WM/Reuters FX benchmark means Thomson Reuters ...
Five tips on How Investors Can Avoid Getting Fooled
April 4th, 2016
The Financial Industry Regulatory Authority (FINRA) offers five tips to help investors avoid being tricked out of their money. “April 1st is a day to indulge in silly hoaxes and pranks. But there’s nothing funny about a fraudster carrying ...
Why Japan’s plan to raise the number of lawyers it hasn’t worked out
April 4th, 2016
Japan is struggling with an unlikely problem: Its people aren’t litigious enough. Fifteen years ago, the nation kicked off a plan to double the number of lawyers. Officials thought they could breathe dynamism into society by mimicking the Western ...
HSBC comes up short in money laundering vigilance, U.S. says
April 4th, 2016
HSBC Holdings Plc has not done enough to thwart money laundering, despite making significant progress since reaching a landmark 2012 anti-money-laundering settlement with U.S. prosecutors, a federal monitor has found. The monitor “remains unable to certify that the bank’s ...
Revealed: the $2bn offshore trail that leads to Vladimir Putin
April 4th, 2016
A network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin. An unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy. Though the ...
CySec imposed an Administrative Fine of €235.000 on a Cyprus Investment Firm
March 31st, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on January 18, 2016, the Commission decided to impose a total administrative fine of €235.000 to the CIF Ouroboros Derivatives Trading ...
Volkswagen sued by US watchdog over false ‘Clean Diesel’ claims
March 30th, 2016
Federal Trade Commission alleges Volkswagen deceived customers by selling cars based on fraudulent claims that they were environmentally friendly A federal consumer watchdog sued Volkswagen on Tuesday, charging the company made false claims in commercials promoting its “Clean Diesel” ...
New Report From ACCA Identifies Massive Talent Challenges In Global Finance Functions
March 30th, 2016
A new report from ACCA (the Association of Chartered Certified Accountants) suggests that current talent management practices are falling short. The new report launches ACCA’s global campaign examining talent management practices in today’s finance function. ‘Talent Equation: First Insights’ ...
How Many Tech Startups Are Empty Shells?
March 30th, 2016
How many startups are empty shells filled with glitzy PR designed to appeal to VC newbies? It’s widely accepted that most tech startups will fail. Perhaps the core business proposition didn’t pan out, or the execution was flawed, or ...
India to OPEC: We’ll take that extra oil you’re pumping
March 30th, 2016
India’s got an oil problem. The country’s lightning-fast growth rate is fueling increased demand for crude. Yet India doesn’t pump much oil at home, forcing it to rely on foreign imports. India also lacks a strategic petroleum reserve, or ...
