Search Results for: PRA
8 Banking Giants Embracing Bitcoin and Blockchain Tech
July 28th, 2015
In its relative short history, bitcoin – and its underlying technology the blockchain – have captivated thinkers around the world, but not everyone was quick to see the potential. Due in part to its initial billing as a threat ...
Firms making good progress in handling unauthorised transactions
July 28th, 2015
Research into how claims are handled for unauthorised transactions (when a payment is made from a consumer’s account without their consent) found that firms are making good efforts to deliver fair outcomes for consumers. A thematic review into the ...
Lessons From Toshiba: When Corporate Scandals Implicate Internal Audit
July 28th, 2015
Last week’s high-profile resignations of CEO Hisao Tanaka and eight other Toshiba Corp. executives amid revelations of systemic and prolonged financial misstatements raise questions anew about Japan’s corporate governance culture. The venerable conglomerate, which makes everything from consumer electronics ...
30% lawyers in the country are fake, says Bar Council of India
July 28th, 2015
Bar Council of India has also said that 20% those who claim to be lawyers don not even have proper degrees. 30% of lawyers in the country are fake, possessing ‘fraudulent’ law degrees or non-practising persons, and are degrading the profession, ...
BDO USA Revenues exceed US$1 Billion Mark
July 28th, 2015
BDO USA posted a 26% rise in annual revenues for the fiscal year ended 30 June 2015, growing to US$1.05 billion from US$833 million last year. It marks the first time the firm has passed US$1 billion in revenues. All ...
IMF reports: Euro Area Recovering, But Lasting Growth Requires Collective Push
July 28th, 2015
Euro area recovering but stronger growth needed to boost jobs More balanced policy mix can generate large growth dividends Cleaning up bad bank loans can help support more lending and investment The euro area recovery is strengthening, but the ...
ASIC bans former director of Provident Capital Limited
July 28th, 2015
ASIC has banned Mr Trevor John Seymour, a former director of Provident Capital Limited (Provident Capital), from managing corporations for three years and providing financial services for three years. The ban follows an ASIC investigation which found Mr Seymour ...
Huawei establishes an open platform ecosystem for finance industry with eleven world’s leading banking IT solution providers
July 27th, 2015
Huawei recently announced that it will partner with eleven of the world’s leading banking IT solution providers to establish an open platform ecosystem for the finance industry at Huawei’s Global Financial Services Industry (FSI) Summit 2015 in Beijing, China. ...
Cash Genie agree with FCA to provide £20 million redress to over 92,000 customers
July 27th, 2015
Ariste Holding Limited, trading as Cash Genie, has entered into an agreement with the Financial Conduct Authority (FCA) to provide over £20 million of redress to more than 92,000 customers for unfair practices. In June 2014, Cash Genie voluntarily ...
Eurozone debt crisis: why the Greece deal will work
July 27th, 2015
The deal between Brussels and Athens is actually a good one for both sides Now that Greek banks have reopened and the government has made scheduled payments to the European Central Bank and the International Monetary Fund, does Greece’s ...
