Search Results for: PRA
It’s Not Over: Rogue Republican Elector Announces He Will Not Vote For Trump And Urges Others To Join Him
December 8th, 2016
Donald Trump has already lost one of his electoral votes, and there are indications that a number of additional electors may be prepared to abandon him. Prior to the election, I warned my readers that we would not officially ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
ADCCA launched the first Australian Digital Currency Industry Code of Conduct
December 7th, 2016
Industry joins forces to create a digital currency code of conduct to protect consumers and boost growth The Australian Digital Currency & Commerce Association (ADCCA) today launched the first Australian Digital Currency Industry Code of Conduct to ensure consumers ...
PwC Legal has opened an office in Singapore
December 7th, 2016
PricewaterhouseCoopers Legal (PwC Legal) has opened an office in Singapore, its first in the Asia-Pacific region, with the hires of partners Natalie Breen and Keith McGuire from Norton Rose Fulbright and Ashurst, respectively. The new office will focus on cross-border ...
GAIN Capital Responds to FCA’s Consultation Paper
December 7th, 2016
GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN” or “the Company”), notes the FCA’s consultation paper issued today (CP 16/40 – Enhancing conduct of business rules for firms providing contract for difference products to retail clients). GAIN is in favor ...
Deloitte Brazil will pay an $8 million civil penalty
December 6th, 2016
The Public Company Accounting Oversight Board today announced that Brazil-based Deloitte Touche Tohmatsu Auditores Independentes will pay an $8 million civil penalty, the largest ever imposed by the PCAOB, to settle charges including issuing materially false audit reports and attempting ...
ASIC action sees BMW Australia Finance to repay $77 million to customers
December 6th, 2016
ASIC has accepted an Enforceable Undertaking (EU) from car financier, BMW Australia Finance Limited (BMW Finance), which will see BMW Finance implement Australia’s largest consumer credit remediation program to compensate customers for its responsible lending failures. BMW Finance provides ...
A ‘tsunami’ of new lawyers in Ireland
December 6th, 2016
Brexit has contributed to a ‘tsunami’ of new lawyers here, according to the Law Society of Ireland. Figures show the Society will have admitted an additional 1,347 new solicitors by the end of the year. The projected figure represents ...
FINRA fined Credit Suisse Securities USA $16.5 million for AML and other violations
December 6th, 2016
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations. FINRA found that Credit Suisse’s suspicious activity monitoring program was deficient in ...
Med gas pipe viable: Israel, Greece, Cyprus to hold second trilateral summit
December 5th, 2016
Energy issues and emergency rescue cooperation will top the agenda when leaders of Israel, Greece and Cyprus meet this week in Jerusalem for their second trilateral summit in less than a year. Prime Minister Benjamin Netanyahu, Greek Prime Minister ...
