Search Results for: US authorities
Why the Chinese Yuan Will Lose 30% of its Value
February 19th, 2016
The stark truth is nobody wants yuan any more. The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, ...
VimpelCom will pay to resolve probes in the second largest global anti-corruption settlement in history
February 19th, 2016
Amsterdam-based telecommunications operator VimpelCom Ltd on Thursday said it would pay $795 million (£555 million) to resolve U.S. and Dutch probes into a bribery scheme in Uzbekistan, in the second largest global anti-corruption settlement in history. The settlement was ...
Google Isn’t Paying the ‘Google Tax’
February 19th, 2016
Close to four years ago, Europe began to notice that some of the world’s biggest technology companies were paying minimal tax on the billions of dollars they earned across the continent. Among those the U.K. and other governments criticized ...
The Central Bank of the I.R. of Iran announced that SWIFT completes the on-boarding process for Iranian banks
February 18th, 2016
Following the historic event of implementation of Joint Comprehensive Plan of Action (JCPOA) agreed by the 5+1 countries on January 16th 2016, the Central Bank of the I.R. of Iran started the plan of SWIFT rejoining process for all Iranian ...
Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging
February 16th, 2016
Citigroup, HSBC are among firms targeted by regulators, according to people close to the probe American banks have so far escaped the billions of dollars in fines that have been levied by U.S. and British regulators leading a global ...
ESMA publishes first supervisory convergence work programme
February 12th, 2016
ESMA publishes first supervisory convergence work programme The European Securities and Markets Authority (ESMA) has published its first Supervisory Convergence Work Programme 2016 (SCWP), which details the activities and tasks it will carry out to promote sound, efficient and ...
Japan’s Fsa Warns Against Unauthorized Optionrally, Two Other Binary Options Brokers
February 11th, 2016
Japan’s financial watchdog, the Financial Services Agency (FSA), included on Wednesday into its alert list binary options brokers LFG Investment, trading as OptionRally, and WorldOptionner Management Office and BizOption Management Office, trading as Bizoption and Worldoption, respectively. The three companies have been providing financial services in the ...
Google Grilling: Search Giant Faces More Questions Over Tax Deal With UK Government
February 11th, 2016
Earlier this month Alphabet, the parent company of Google, granted Google CEO Sundar Pichai almost $200 million in stock options. That sum, generous by any measure, is greater than the $185 million Google agreed to pay a week earlier to settle British tax issues covering the past ...
Commission extends by one year the application date for the MiFID II package
February 10th, 2016
The Commission has proposed a one year extension to the entry into application of the revised Markets in Financial Instruments Directive, or MiFID II. This is to take account of the exceptional technical implementation challenges faced by regulators and ...
ESMA, National Securities Regulators and ECB to exchange information
February 9th, 2016
The European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) have concluded a Memorandum of Understanding (MoU) that will allow the exchange of information and cooperation to help both authorities in fulfilling their respective mandates. This ...
