Search Results for: PRA
Blockchain shows great promise to improve accounting issues
December 29th, 2016
While blockchain tech is poised to disrupt a wide variety of industries, it is also poised to dramatically impact those professions that serve all industries. One area that appears primed for massive change is the accounting field. Here, the ...
Cyber Hack Exposes Law Firms’ Weak Spots
December 29th, 2016
Cyber Hack Exposes Law Firms’ Weak Spots Firms have made strides but still need to do more to shore up cybersecurity, experts say Major U.S. law firms have become more vigilant in recent years about the risks of cyberattacks, ...
ACCA published 3 key priorities for accountancy profession success in 2017
December 28th, 2016
ACCA (the Association of Certified Chartered Accountants) has published a checklist of 3 key priorities that will underpin the success of the accountancy profession in 2017. John Williams, head of ACCA UK, says that the focus on skills in ...
Mauritius Rejects ‘Tax Haven’ Label
December 27th, 2016
On December 16, Mauritius’s Financial Services Commission (FSC) and the Financial Services Promotion Agency (FSPA) condemned a Oxfam policy paper labeling Mauritius a tax haven. The FSC and FSPA pointed out that it is unfounded to claim that Mauritius ...
Toshiba may book loss of several hundreds of billion yen; stock tumbles 12 percent
December 27th, 2016
Toshiba Corp (6502.T) said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition – a shock warning that sent it stock tumbling 12 percent and rekindled concerns about its ...
Barclays Bank sued for mortgage securities fraud
December 24th, 2016
The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme ...
CBOE close the acquisition of Bats; announces changes in Board Leadership
December 23rd, 2016
Edward Tilly to Take on Role of Both Chairman and CEO Chairman William Brodsky to Step Down After Nearly 20 Years at CBOE CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that William J. Brodsky, Susan M. Phillips and R. ...
Financial watchdog to closely monitor accounting of derivative products
December 23rd, 2016
South Korea’s financial watchdog said Friday it will pay special heed to malpractices by companies here in their accounting of derivative products and others. It’s one of four “key issues” to be closely monitored by the Financial Supervisory Service ...
Deutsche Bank Reaches $7.2 Billion Settlement Over Toxic Securities
December 23rd, 2016
The Obama administration scrambled to resolve its remaining crisis-era megabank mortgage cases, striking a $7.2 billion settlement Thursday with Deutsche Bank AG over toxic securities while separately filing a lawsuit against Barclays PLC alleging more than $30 billion in ...
ESMA identifies areas for improvemnet in EU CCP supervision
December 23rd, 2016
The European Securities and Markets Authority (ESMA) has presented today the results of a peer review, it conducted into how national competent authorities (NCAs) ensure that central counterparties (CCPs) comply with margin and collateral requirements under the European Markets ...
