FASB issues update for private companies on consolidation of variable interest entities
March 21st, 2014
The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements. FASB Accounting Standards Update No. 2014-07, Applying Variable Interest Entities Guidance to Common ...
ESMA publishes list of authorised CCPs and OTC derivatives
March 20th, 2014
Following the authorisation of NASDAQ OMX as the first EU-based CCP on 18 March 2014, the European Securities and Markets Authority (ESMA) has today published information about Nasdaq OMX and the contracts it is authorised to clear. In accordance ...
HMRC ramps up asset seizures to pay VAT bills
March 18th, 2014
THE AMOUNT of companies that have had assets seized and sold by HM Revenue & Customs in order to settle VAT bills rose significantly during the recession. According to data obtained by finance provider Syscap, the incidence of asset ...
Derivatives
March 6th, 2014
Derivatives are financial contracts for which the price is derived from the value of one or more other instruments. These are called underlying(s) of the derivative and they can be equities, bonds, commodities or precious metals, or benchmarks such ...
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
January 26th, 2024
KEY POINTS Data from industry body Innovate Finance shows that global investment in fintechs sank to $51.2 billion in 2023, down 48% from 2022. Despite that, the UAE saw total investment soar 92%, thanks in part to more fintech-friendly ...
Cryptojacker arrested in Ukraine over EUR 1.8 million mining scheme
January 26th, 2024
The National Police of Ukraine (Національна поліція України), with the support of Europol, has arrested an individual believed to be the mastermind behind a sophisticated cryptojacking scheme. The 29-year-old individual was apprehended in Mykolaiv, Ukraine, on 9 January. Three ...
Increase in online education in the EU in 2023
January 26th, 2024
In 2023, 30% of EU internet users aged 16 to 74 reported that they had done an online course or used online learning material in the three months prior to the survey. This is a 2 percentage point (pp) ...
EU lawmakers skeptical on Digital Euro plans
April 21st, 2023
The European Union’s elected lawmakers seem skeptical about the point of issuing a central bank digital currency (CBDC) as the bloc prepares to make key decisions on a digital euro in the coming months. During a Wednesday debate, members ...
New IBA report examines fintech regulation across 39 jurisdictions
April 21st, 2023
The International Bar Association banking law committee has published a report entitled ‘Fintech: how is the world shaping the financial innovation industry?’ The report compares the fintech regulatory frameworks of 39 jurisdictions across North and South America, Africa, Asia ...
European stocks are seen opening on a flat note
October 12th, 2022
European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses. Recession worries persist with U.S. President Joe Biden conceding Tuesday in an interview that a “very slight” recession was possible. U.S. stock futures ...
