Search Results for: US authorities
CySec informs on Contribution of CIFs to the Single Resolution Fund and National Resolution Fund
November 23rd, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cyprus financial regulatory authority, has issued today a circular to inform Cyprus Investment Firms about their contribution the Single Resolution Fund and National Resolution Fund. CySec’s Circular informs in relation to ...
U.S. probes Bosch in VW cheating scandal
November 20th, 2015
U.S. authorities are investigating German auto supplier Robert Bosch GmbH over its role in Volkswagen AG’s (VOWG_p.DE) massive scheme to cheat U.S. emission standards, according to people familiar with the matter. Federal prosecutors with the U.S. Department of ...
Tax transparency and reform leave nowhere to hide for tax functions of the future on data demands
November 19th, 2015
Employees in tax functions need to fundamentally change the way they use and gather data if they are to meet the growing demands on business of tax transparency, reform and technology enabled decision making. PwC’s latest research into the ...
Fear Spreads as China’s Finance Firms Face Arrests
November 18th, 2015
“People are worried” as hedge funds, traders, CSRC targeted At least 16 connected to finance world caught up in crackdown The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations ...
European Financial Regulators warn for unauthorised investment firms
November 17th, 2015
The Swedish Financial Supervisory Authority, Finansinspektionen (FI) and the Financial Conduct Authority of UK (FCA) have issued warnings to inform investors and public for unauthorised and clone investment firms. According to Finansinspektionen (FI): Warning issued regarding Aztec Group (clone ...
Rolls-Royce calls in top law firm to deal with fraud investigation
November 17th, 2015
The engine maker’s decision to bring in Slaughter and May underlines seriousness of allegations Rolls-Royce has called in a leading law firm to help it deal with bribery allegations and a Serious Fraud Office (SFO) investigation. Slaughter and May has ...
China in net forex purchase in Oct, reverses 3 mths of heavy sales
November 16th, 2015
China‘s central bank and commercial banks bought a net 12.9 billion yuan ($2.02 billion) worth of foreign exchange in October, data showed on Sunday, stemming heavy sales in the previous three months that underlined capital outflows. The October net ...
Foreign investors warn China e-trading proposal could sink Stock Connect
November 13th, 2015
Draft rules to curb high-speed trading blamed for China’s summer stock market crash could kill off billions of dollars of investment into China, global banks and investors have told Chinese regulators in a letter. Industry participants who signed off ...
Eurogroup urges Athens to deliver reforms in a week – Remarks by J. Dijsselbloem
November 10th, 2015
Greece failed to secure the release of 2 billion euros in bailout funding at a Eurogroup summit on Monday, as expected, with creditors prodding Greek officials to push forward with outstanding reforms and reach a compromise on thorny issues ...
FSB publishes report on implementation and effects of the G20 financial regulatory reforms
November 10th, 2015
The Financial Stability Board (FSB) published today its first annual report to the G20 on the Implementation and effects of the G20 financial regulatory reforms. The report describes progress by FSB member jurisdictions in implementing the financial reforms agreed in ...
