Search Results for: legal
BaFin imposes fine on BlackRock Investment Management (UK) Ltd
March 20th, 2015
The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has imposed a fine of EUR 3.25m on BlackRock Investment Management (UK) Ltd. This constitutes the largest fine that BaFin has ever imposed. BlackRock has announced that it will accept the fine. BlackRock group companies had ...
FXCM update regarding its Negative Balance Policy
March 20th, 2015
Forex Capital Markets Limited (FXCM UK), today announced that it will be updating its Negative Balance Policy for new and existing clients in the near future. Existing clients should expect to receive more details about the updated policy in ...
The Role of Securitization in Dealing with the Banking Problems
March 20th, 2015
One of the main problems that our banking sector is facing is obviously the incredibly excessive amount of non-performing loans (NPLs) on our banks’ balance sheets that reached almost 50% (about €28 billion) of their total loan portfolio! A ...
UK plans criminal penalties for tax advisers who assist evasion
March 19th, 2015
Lawyers and other tax advisers who aid clients evade tax will the subject of penalties under a new criminal offence which is to be announced by the UK government today. The plan was disclosed by the Chancellor of the ...
ESMA sees increased convergence in automated trading supervision
March 19th, 2015
The supervision of automated trading has become more convergent across the European Union (EU), a recent review by the European Securities and Markets Authority (ESMA) has found. ESMA reviewed how the 30 national competent authorities (NCAs) across the EU ...
European Commission unveils draft legislation to tackle corporate tax avoidance
March 19th, 2015
The European Commission today presented a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Commerzbank publishes 2014 Annual Report
March 18th, 2015
In the 2014 financial year Commerzbank attained an operating profit of EUR 684 million. The net profit of the Bank increased in the year under review to EUR 264 million, following on from EUR 81 million in the previous ...
Efficiency failures putting UK law firms at risk
March 18th, 2015
Flat profit margins and high lockup weakening financial stability, survey finds Small to mid-sized UK law firms have enjoyed a year of sustained economic improvement, according to a new financial benchmarking report. The survey found that, while fees and ...
KPMG update on Alpari (UK)
March 18th, 2015
Account validation We are now in a position to contact the first tranche of clients with negative balances. This tranche should cover all clients with negative balances for whom the Joint Special Administrators have verified the available contact information ...
