Search Results for: UBS
ICAP acquires Abide Financial
October 13th, 2016
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has acquired Abide Financial (Abide), a market-leading global regulatory reporting specialist. Abide will become a subsidiary of ICAP’s ...
Japan set to drop sales tax on buying virtual currency
October 12th, 2016
Japan looks to end sales-tax collection on purchases of virtual currencies in the spring, a move likely to propel the growth of bitcoin and others as alternatives to traditional money. The change would reduce costs for buyers and relieve operators of ...
Asian Stocks Fall on U.S. Rate Outlook, Samsung as Pound Jumps
October 12th, 2016
Sterling snaps drop with Parliament to discuss Brexit plan Oil below $51 amid doubts over Russia’s stance on OPEC deal Asia stocks dropped for a fourth day as investors fretted about the prospect of U.S. interest-rate hikes and Samsung ...
CFTC approves Rule on cross-border transactions
October 12th, 2016
The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose rules and interpretations addressing the application of certain swap provisions of the Commodity Exchange Act (CEA) and Commission regulations to cross-border transactions (Proposed Rule). The proposal defines ...
Nasdaq and Hong Kong exchange sharing information on blockchain technology
October 11th, 2016
The Nasdaq stock market is hoping to bring its blockchain technology to the Hong Kong Stock Exchange, according to its president and chief operating officer Adena Friedman. In the city on Thursday and Friday last week to meet with ...
CySec informs CIFs regarding Capital adequacy requirements
October 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular to inform the Cyprus Investment Firms (CIFs) regarding Capital adequacy requirements – Change in the treatment of the Investors Compensation Fund Contribution. According to the Circular, CySec informs CIFs for the ...
MAS: Falcon Bank to Cease Operations due to serious failures in AML controls
October 11th, 2016
The Monetary Authority of Singapore (MAS) announced today that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management ...
Facebook challenged over £11.3 tax credit
October 10th, 2016
According to information filed at Companies House, Facebook paid £4.17m in corporation tax for the year to December 2015, and recorded sales of some £210m. However, the company also had a £11.3m credit to offset against future tax payments, ...
Fifa faces legal challenge ahead Qatar 2022 World Cup
October 10th, 2016
Fifa is facing legal action in the Swiss courts over its alleged complicity in the mistreatment of migrant workers in Qatar ahead of the 2022 World Cup, the Guardian can reveal. Since Fifa voted in December 2010 to hold the ...
Trade deals – a global issue
October 7th, 2016
The annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being secretive, avoiding stoking a public spat with the EU by ...
