Search Results for: compliance
The Commission acts for full, proper and timely implementation of EU law
December 14th, 2015
The Commission ensures proper application of EU law for the benefit of citizens and businesses: This month’s infringement package includes 34 reasoned opinions, 9 referrals to the Court of Justice of the EU, and 83 closures. To help citizens ...
Central Bank of Cyprus fined FBME Bank for €1.2 million
December 11th, 2015
The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2013, all or any ...
JPMorgan Said to Win Relief in SEC Case on Sale of Its Own Funds
December 10th, 2015
Bank to get consent to continue raising money for hedge funds SEC, CFTC may announce settlements with bank as soon as Friday JPMorgan Chase & Co. is close to settling cases that threatened to bar the bank from raising ...
KPMG International announced today aggregated network revenues of US$24.44 billion
December 10th, 2015
Investments in new services and innovation drive KPMG growth Investments in new services, acquisitions and strong growth across core services drive fiscal year (FY) revenues of US$24.44 billion Multi-year, US$1billion investment program in data and analytics (D&A) and new ...
ASIC: Etrade Australia Securities Limited pays $65,000
December 9th, 2015
Etrade Australia Securities Limited (Etrade) has paid a penalty of $65,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP found it had reason to believe that Etrade had contravened subsection ...
BCSC panel issues lifetime ban against self-employed “Forex” trader
December 9th, 2015
A British Columbia Securities Commission (BCSC) panel has fined and permanently banned Hong Liang Zhong from the province’s capital markets for fraud, unregistered trading and offering clients false guarantees to reimburse them for any losses. In May 2015, the panel found ...
Euroclear: Tougher rules push collateral management in Asia Pacific
December 8th, 2015
Uncertainty remains over how the Asian markets will implement new rules governing collateral movement in the trading of over-the-counter (OTC) derivatives as they move to trading on exchanges next year. The rules on collateral movement are part of broader ...
ASIC doesn’t understand us, claim brokers
December 7th, 2015
ASIC does not properly understand the mortgage broking industry, mortgage brokers are concerned. In a recent online poll conducted by Australian Broker asking brokers if ASIC understood their industry, almost nine in 10 respondents (86%) admitted that they did ...
CySec informs regarding the Continuance of Suspension of CIF license of a Cyprus Investment Firm
December 7th, 2015
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform on its decision in the meeting dated 30 November for Continuance of Suspension of CIF licence of the firm ‘Falcon Brokers Ltd’ with number 128/10. ...
Oil is expected to reach new lows – CNBC Oil Survey
December 3rd, 2015
OPEC is not expected to take any action this week to prop up oil prices, which have yet to hit rock bottom, according to a new CNBC Oil Survey. Oil is expected to reach new lows in the first ...
