Search Results for: law
CySec has issued a Consultation Paper regarding trading in binary options
December 14th, 2015
The Cyprus Securities and Exchange Commission (CySec) is circulating a document for consultation with market participants regarding proposed changes in the regulatory framework. CySec has prepared this circular: Consultation paper regarding the Trading of binary options contracts in order to inform ...
MP calls for FRC accounting body to investigate KPMG over HBOS
December 14th, 2015
Britain’s accounting standards watchdog has made a “serious mistake” in refusing to open a formal investigation into accountancy firm KPMG over the way it checked the books of HBOS bank before it collapsed, a senior UK lawmaker said on ...
Morgan Stanley Agrees to Pay $225 Million to Settle NCUA’s Claims
December 11th, 2015
Most Recent Settlement Resolves Cases in New York and Kansas Federal Courts The National Credit Union Administration today announced a settlement with Morgan Stanley for $225 million to resolve claims arising from losses related to corporate credit unions’ purchases ...
Russia’s Biggest Bank Wants To Adopt Blockchain. Not Bitcoin
December 11th, 2015
Sberbank, the biggest bank in Russia might adopt blockchain technology in the future. The bank plans to join the international consortium R3 and develop blockchain based services. However, as in the case of other international big banks, it doesn’t plan to use ...
HMRC pushes ahead with criminalising failure to prevent tax evasion
December 11th, 2015
New offence could become a ‘damp squib’ ignored by foreign companies, warns tax lawyer HMRC is to go ahead with a bid to create a new criminal offence for failure to prevent tax evasion, despite warnings of significant challenges ...
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 ...
FCA set to investigate HSBC amid claims of ‘improper practices’
December 10th, 2015
Complaints commissioner forces inquiry at regulator, accusing it of mishandling reports of credit card overcharging The City regulator is set to launch an investigation into whether large numbers of people lost out financially because of “improper practices” at HSBC, after ...
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 ...
Greece, Cyprus and Egypt end trilateral talks with broad declaration
December 10th, 2015
The third round of trilateral talks between Greece, Cyprus and Egypt concluded in Athens on Wednesday with the signing of a declaration in which the three countries agreed to work more closely on security and energy issues. Greek Prime ...
Falling Oil + Rising Dollar = Crisis For A Whole Lot Of People
December 10th, 2015
Oil is plunging again, this time in the wake of OPEC’s inability to limit its members’ production. The US dollar, meanwhile, is up on the divergence between Fed tightening and ECB/BoJ/BoC easing. This widening gap is a perfect storm ...
