EBA consults on its guidance for the use of cloud computing
May 19th, 2017
The European Banking Authority (EBA) launched today a consultation setting out its guidance for the use of cloud service providers by financial institutions. The EBA Recommendations intend to clarify the EU-wide supervisory expectations if institutions intend to adopt cloud ...
ASIC accepts enforceable undertaking from Macquarie Bank to address inadequacies within their wholesale FX businesses
May 19th, 2017
ASIC has today accepted an enforceable undertaking (EU) from Macquarie Bank Limited in relation to the bank’s wholesale foreign exchange (FX) businesses, following an ASIC investigation. ASIC is concerned that the bank failed to ensure that its systems and ...
Russian and Bulgarian Customer Support Officer
May 18th, 2017
Overview: Trade Finance is in our DNA. For more than 10 years, XTrade has helped global traders with access to the world’s largest and most liquid market. By offering the most innovative trading tools, hiring the best trading educators, ...
Cyprus Investment Firm renounced its authorisation
May 18th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that a Cyprus Investment Firm renounced its authorisation. According CySec’s announcement, on 27th April 2017, the CIF Lucro Capital Ltd (the ‘Company’), which provided investment ...
Business Analysts – Nicosia
May 18th, 2017
Business Analysts – Nicosia Reference Number: BAN1017 The position: We are looking for passionate and self-motivated professionals to join our Business Anlysis team! The main responsibilities of the position include: Designing, implementing and maintaining adequate reporting to monitor the ...
Top European countries with visitors growth; Iceland, Cyprus, Portugal and more
May 18th, 2017
The European Travel Commission has released a report pointing that European Tourism looks set for solid growth in 2017. According the release, appetite for European Tourism remains strong, highlighting the continued attractiveness of its destinations. Europe welcomed 615 million ...
CySec informs Cyprus Investment Firms about the German and Spanish regulators restrictions for trading CFDs
May 18th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued two important Circulars to inform Cyprus Investments Firms about the recent announcements of the German Federal Financial Supervisory Authority (BaFin) and of the Spanish Securities and Exchange Commission (CNMV) in ...
Russia is considering raising value added tax to 22 percent
May 18th, 2017
If the government raises value added tax and the central bank sees inflation risks from the move, it would be logical for the bank to keep interest rates higher than without the tax changes, Deputy Finance Minister Vladimir Kolychev ...
UK investment management firm with approximately 3000 customers entered the SAR insolvency proceedings
May 18th, 2017
Strand Capital Limited (Strand), an investment management firm, formally entered the Special Administration Regime (SAR) insolvency proceedings on 17 May 2017. Having reached an assessment that it was no longer solvent, Strand made an application to the court to ...
CFTC’s Division of Clearing and Risk Extends No-Action Relief for Shanghai Clearing House
May 17th, 2017
The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) today issued a no-action letter extending the relief provided to the Shanghai Clearing House (SHCH) in CFTC Letter 16-56, which expires May 31, 2017. The extension ...
