Search Results for: Sage
Bank of Russia: On Action Plan to Increase Financial Inclusion
June 3rd, 2015
To streamline its policy in the financial market the Bank of Russia has developed an action plan to increase financial inclusion of the population and entrepreneurs. The document envisages the methodology to assess the level of financial inclusion with due account to recommendations of G20 and Alliance for Financial ...
Biggest MasterCard Issuers Scuttled Deal on Target Data Breach
June 3rd, 2015
Citigroup, Capital One and J.P. Morgan Chase vetoed MasterCard’s deal with Target over hacked credit-card data Citigroup Inc., Capital One Financial Corp. and J.P. Morgan Chase & Co. rejected a $19 million pact backed by MasterCard Inc. last month over the huge Target Corp. data breach, resulting in the settlement’s unexpected ...
BitFury is Acquiring a Privatized Land Plot in the Republic of Georgia to Build a Technology Park
June 2nd, 2015
BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company, announced today that it is acquiring a privatized 185,000 sq. m land plot located in Gldani District in Tbilisi from the Georgian National Agency of State Property ...
Libor Case Comes to Trial
May 25th, 2015
U.K. prosecutors to contend Tom Hayes led conspiracy to manipulate rates Is a 35-year-old mathematician the modern face of financial crime? In a trial starting Tuesday in London, British prosecutors will contend that the answer is yes. They are ...
Tougher rules on money laundering to fight tax evasion and terrorist financing
May 25th, 2015
The ultimate owners of companies will have to be listed in central registers in EU countries, open both to the authorities and to people with a “legitimate interest”, such as investigative journalists, under new rules already agreed with the ...
CySec imposes administrative fine of €8.000 to a CIF
May 20th, 2015
The Cyprus Securities and Exchange Commission (‘CySEC’) has notified the public that has imposed an administrative fine of €8.000 to Reliantco Investments Ltd for the infringement of the Law which provides for the provision of Investment services, the exercise ...
FIX Trading Community Survey reveals increasing take up of FIX in post-trade workflow
May 19th, 2015
FIX Trading Community Survey reveals increasing take up of FIX in post-trade workflow FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the results of its Global Post-Trade Survey used to ...
US trade deals with Europe and Asia face setback
May 15th, 2015
Efforts to introduce US trade deals with Europe and Asia have been dealt a blow after a vote in the Senate. Late on Tuesday, senators rejected a bill that would allow the president to speed trade deals through Congress. ...
ASIC: ICAP Futures (Australia) Pty Ltd pays $50,000 infringement notice penalty
May 14th, 2015
ICAP Futures (Australia) Pty Ltd (ICAP)has paid a total penalty of$50,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP found it had reason to believe that ICAP had contravened section 798H(1) ...
UBS Guilty Plea for Libor Seen Opening Door to Political Battle
May 14th, 2015
UBS Group AG faces the prospect of making a guilty plea that would require it, along with four other giant global banks, to seek U.S. regulators’ permission to keep managing Americans’ money. Several law experts said that UBS may ...
