Search Results for: US
CySec on regulation for MMFs
July 2nd, 2014
In view of the upcoming discussions to the Council of the European Union, the Cyprus Securities and Exchange Commission (CySec) has published a press release for the attention of the supervised entities, the stakeholders and the investing public to ...
Twitter hires former Goldman Sachs banker as CFO
July 2nd, 2014
The Goldman Sachs banker who took social media platform Twitter public has been hired to be in charge of its finances. Anthony Noto, the former US bank’s co-head of telecoms, media and technology, has been recruited as part of Twitter’s ...
After BNP, U.S. targets on more banks
July 1st, 2014
BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the ...
ESMA: Short guide for retail investors
July 1st, 2014
The European Securities and Markets Authority (ESMA) has published a short guide for retail investors explaining the impact of the changes to be made in investor protection under the MiFID II reform. It highlights some of the most important ...
AFXC and AFMA publish standards for forex market
July 1st, 2014
The Australian Foreign Exchange Committee (AFXC), Australia’s regulator, and the Australian Financial Markets Association released a document today for the currency market, highlighting the need to communicate standards for the forex market. The document derives from the meeting of global foreign-exchange committees, ...
Deloitte warns platforms of EU tax nightmare
July 1st, 2014
Incoming European tax legislation could cause a headache for UK platforms with non-UK citizen clients, who would be liable to pay VAT on providers’ services, consultants Deloitte has warned. Daniel Lyons, partner at Deloitte, said platforms could fall under ...
Hong Kong Approves Budget Tax Cuts
July 1st, 2014
Hong Kong’s Secretary for Financial Services and the Treasury Professor KC Chan has welcomed the passage of the Inland Revenue (Amendment) Bill 2014 by the Legislative Council on June 25, which gave effect to two major revenue measures proposed ...
The Sterner, Stricter SEC
July 1st, 2014
As Mary Jo White sees it, the Securities and Exchange Commission’s job is to patrol Wall Street and Main Street and catch financial fraudsters. Since becoming the agency’s chair in April 2013, White, a former federal prosecutor and defense ...
Ex-Jefferies Trader Deserves 9-Year Sentence, U.S. Says
July 1st, 2014
Ex-Jefferies & Co. Managing Director Jesse Litvak, who was convicted earlier this year of fraud in the trading of mortgage-backed securities, should be sentenced to nine years in prison, the U.S. said. Litvak was convicted in the only criminal ...
India To Revamp Colonial Era Train Networks, Courting Foreign Investment
June 30th, 2014
India’s new Prime Minister plans to overhaul the country’s massive state-run railway system. Originally built under British colonial rule, the train system is one of the largest in the world, and serves roughly 25 million passengers every day — ...
