Search Results for: UBS
CLS and TriOptima compress USD1 trillion
February 21st, 2017
triReduce CLS FX Forward Compression Service has compressed more than USD1 trillion since launch The last two cycles have reduced more than USD200 billion The second phase of service enables both compression and offsetting of trades in the same ...
Share Investing pays $130,000 in infringement notice penalty
February 20th, 2017
Share Investing Limited (“Share Investing”) has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that Share Investing had contravened subsection 798H(1) of ...
EU mulls reduction in threshold for country-by-country reporting
February 16th, 2017
EU plans for country-by-country reporting could target a much broader base of multinationals if proposals from the European parliament’s Committee on Economic and Monetary Affairs to slash the current threshold are adopted The proposals to amend the Directive would ...
Apple, Samsung, Google Race For Mobile Payments
February 16th, 2017
Mobile payments are growing significantly around the world, but that doesn’t mean there is a clear winning payments provider. Much like making purchases on the Web naturally evolved to making purchases via mobile websites, the behavior of paying for ...
EU Commission to take legal action against U.S. plans for border tax
February 15th, 2017
The European Commission says it is prepared to take legal action against US plans to impose a border tax. “If somebody is behaving against our interests or against international rules in trade then we have our own mechanisms to ...
Credit Suisse Group announces 4Q16 and FY16 results
February 14th, 2017
Credit Suisse announces fourth-quarter and full-year 2016 results with strong asset inflows and increased margins, highlighting the strength, diversification and scale of the Wealth Management platform. Rightsizing of GM is substantially completed with good momentum in 4Q16 and strong ...
FXCM to pay a new fine of $650,000 in relation to the Swiss Franc exchange rate
February 14th, 2017
FXCM Inc. (NASDAQ:FXCM) (“FXCM” or the “Company”), issued a statement on the settlement of the civil action filed by the Commodity Futures Trading Commission (“CFTC”) against its U.S. subsidiary, Forex Capital Markets LLC (“FXCM US”) in the Southern District ...
The Securities and Futures Commission bans former employee of HSBC for life
February 13th, 2017
The Securities and Futures Commission (SFC) has banned Ms Li Lee, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following her criminal convictions (Note 1). The District Court earlier ...
FXCM informs about the impact of U.S. exit
February 13th, 2017
Following the news from last week about the FXCM penalty imposed by CFTC, the withdrawal of its business from U.S. and selling its clients to Gain Capital, FXCM has issued an update report to inform about the impact of ...
Ernst & Young’s Indonesian member to pay $1 Million to settle audit failure
February 10th, 2017
PCAOB Announces $1 Million Settlement with Indonesian Member of Ernst & Young Network for Audit Failure, Noncooperation, and Violations of Quality Control Standards Also, two audit partners were sanctioned for their roles in the audit failure The Public Company ...
