Search Results for: US authorities
ASIC accepts enforceable undertaking from Barclays entities
March 23rd, 2017
Yesterday, ASIC accepted an enforceable undertaking (EU) from three Barclays foreign financial service providers (FFSPs): Barclays Capital Inc. (BCI) domiciled in the United States of America Barclays Capital Asia Limited (BCAL) domiciled in Hong Kong, and Barclays Capital Securities Limited ...
ESMA to cooperate with non-EU Regulators on CCPs
March 21st, 2017
The European Securities and Markets Authority (ESMA) has established five Memoranda of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR). The MoUs establish cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and ...
What You Do On Your Cell Phone Could Come Back To Haunt You
March 20th, 2017
As far as Big Brother is concerned, nothing that you do on your cell phone is ever private. And if the government really wants to see what is on your cell phone, they are going to get that information ...
China’s new bitcoin rules call for identity check
March 17th, 2017
China’s central bank is moving to regulate its domestic bitcoin industry, circulating new guidelines that, if enacted, would require exchanges to identify clients and adhere to banking regulations. Recent scrutiny by the central bank has already led exchanges to ...
Culture in financial institutions: it’s everywhere and nowhere; FCA Chief Executive
March 16th, 2017
Highlights A firm’s culture emerges in large part from inputs that are its responsibility. It is for firms to ensure that their desired culture is consistent with appropriate conduct outcomes, to identify the drivers of behaviour within the firm ...
HKEX advances the preparatory work for Bond Connect
March 15th, 2017
Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the announcement by Li Keqiang, the Premier of the State Council of the People’s Republic of China, today about setting up bond market links between Hong Kong and Mainland China. HKEX ...
Man behind GemCoin, a fake cryptocurrency, settles lawsuit for $71M
March 15th, 2017
Steve Chen is a Southern California entrepreneur who was accused by the Securities and Exchange Commission of creating a massive scheme involving GemCoin, a purported cryptocurrency that was “backed” by amber mines. He has just settled his lawsuit brought by the government. ...
Italy brings in new tax breaks to attract wealthy foreigners
March 13th, 2017
Italy on Wednesday introduced a flat tax for wealthy foreigners in a bid to compete with similar incentives offered in Britain and Spain, which have successfully attracted a slew of rich footballers and entertainers. The new flat rate tax ...
Bitcoin could hit $3,000 by the end of the year after recent rally: Analyst
March 11th, 2017
The price of bitcoin could hit $3,000 by the end of the year after recently trading above gold and hitting a fresh record high, an analyst told CNBC on Tuesday. A rise on this scale would represent a near ...
CySec warns regarding individuals impersonating CySec representatives
March 8th, 2017
Following up on its announcements dated 27 November 2015, 10 June 2016 and 19 October 2016 and 17 November 2016, the Cyprus Securities and Exchange Commission (CySEC) would like to remind investors and the general public of the following: ...
