Search Results for: PRA
Fintech firms look to Ireland to establish HQs
August 16th, 2016
Financial technology companies are increasingly considering Irish headquarters ahead of the UK’s departure from Europe, but there are concerns the Irish regulatory system cannot reform itself fast enough to meet demand. Brexit has pushed the issue into sharp focus with ...
Public Interest Lawyers to close down
August 16th, 2016
Theresa May said to be pleased at closure of Public Interest Lawyers, which submitted allegations of unlawful killing The government has said it is planning a clampdown on legal firms pursuing what it calls “spurious claims” against military personnel ...
Saving the system
August 10th, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s ...
Tel Aviv Stock Exchange will soon launch US Dollar weekly derivatives
August 10th, 2016
The board of directors of the Tel Aviv Stock Exchange (TASE) decided in its meeting on Thursday (August 4, 2016) to launch US Dollar weekly options. Weekly TA-25 Index options were introduced by TASE in 2013 and their trading ...
UK Gambling Regulator Clarifies Digital Currency Rules
August 10th, 2016
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a ...
Moscow Exchange Announces 2Q 2016 Results
August 9th, 2016
Moscow Exchange (MOEX) today announces its financial results under International Financial Reporting Standards (IFRS) for the second quarter 2016. Earnings growth was supported by an increase in fee and commission income from all trading markets across the Exchange’s diversified ...
The first Major Legal firm to make post-Brexit redundancies
August 8th, 2016
Simmons & Simmons is making redundancies in its London office as a result of the UK’s vote to leave the EU, the first major firm in the City known to have done so. A spokeswoman told RollOnFriday that the firm was ...
Luxembourg Appealing ‘LuxLeak’ Sentences
August 5th, 2016
Luxembourg’s state prosecutor has begun an appeal against the verdict at the recent “LuxLeaks” trial, arguing the sentences handed down by the court were too lenient. Earlier this year, Antoine Deltour and Raphael Halet, both former employees at advisory ...
New global tax rules are ‘just a sticking plaster’
August 5th, 2016
New international rules to tackle global tax avoidance will not work properly until tax secrecy is swept away, a report released by the All Party Parliamentary Group (APPG) on responsible tax has found. The failure to introduce full transparency ...
Bank of England cuts Bank Rate to 0.25%
August 4th, 2016
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending 3 August 2016, the MPC voted for ...
