Search Results for: US authorities
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Former Rabobank traders convicted in U.S. over Libor rigging
November 9th, 2015
A federal jury found two former traders at Rabobank guilty of fraud on Thursday in the first U.S. trial arising from a global investigation into manipulation of Libor, the leading benchmark for pricing financial transactions around the world. ...
Mark Carney: Prudent to Expect U.K. Rate Rise in 2016
November 6th, 2015
Bank of England governor comments in exclusive interview Says foreign investment key consideration in Brexit debate Mark Carney says Britons should be ready for a rate increase in 2016. “Would I rather have the majority of the British people ...
CySec issued a Circular regarding National Risk Assessment of Anti Money Laundering and Counter Terrorist Financing Measures
November 4th, 2015
The Cyprus Securities and Exchange Commission (CySec), the financial regulator of Cyprus, has issued a Circular to inform Regulated Entities the following: 1) National Risk Assessment (‘NRA’) In accordance with the international standards set by the Financial Action Task ...
Worldline to join forces with Equens to strengthen its pan-European leadership in payment services
November 4th, 2015
A transformational deal for Worldline, providing the enlarged Worldline Group a highly comprehensive pan-European footprint, with leading positions and offerings in key geographies (France, Belgium, the Netherlands, Germany, Italy, the Nordics). A transaction structured in two components: An asset/share deal in Financial Processing, by merging the processing ...
Major Global Banks announced their results for 3Q 2015
November 4th, 2015
HSBC, Credit Suisse, Commerzbank, BNP Paribas and Barclays have issued statements to inform public and investors for their results regarding the 3rd Quarter of 2015. HSBC Holdings plc 3Q 2015 Earnings Release Highlights Reported PBT up 32% in 3Q15 ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
MTN fined $5.2 billion. Negotiations to continue.
November 2nd, 2015
Stock halted in Johannesburg after paring earlier decline Phone company has lost abouth fifth of its value since penalty MTN Group Ltd., Africa’s largest wireless operator, remains in negotiations with Nigerian regulators over a $5.2 billion fine for failing ...
Fighting tax evasion: EU and Liechtenstein sign new tax transparency agreement
October 29th, 2015
Today the EU and Liechtenstein signed a new tax transparency agreement, marking another important step forward in the fight against tax evasion. Under the new agreement, Liechtenstein and EU Member States will automatically exchange information on the financial accounts ...
Rabobank trader tells jury he ignored traders’ requests to rig Libor
October 29th, 2015
A former Rabobank trader accused of engaging in a scheme to manipulate Libor told a jury on Wednesday that he sometimes learned of improper requests from traders to rig the benchmark rate, but never acted on them. The testimony ...
