Search Results for: legal
Grant Thornton on the end of £49m negligence claim
March 18th, 2015
The UK arm of the world’s sixth largest accountancy network is facing the claim for audit and advice work provided to Manchester Building Society between 2006 and 2013. The claim relates to ‘the implementation and application of hedge accounting’, ...
Top Global Law Firm: Virtual Currency is Here to Stay
March 17th, 2015
“Virtual currency is here to stay”, according to a partner at one of the largest and most prestigious law firms in the US. Judith Alison Lee, partner in the Washington, DC, office of global law firm Gibson Dunn & Crutcher, was ...
Isle of Man Preparing to Pass Digital Currency Regulatory Framework
March 17th, 2015
The Isle of Man wants to become a leading Bitcoin hub and attract digital fintech businesses, entrepreneurs and developers, Business Insider reports. The government of the tiny island is about to pass a new regulatory framework to create a true paradise ...
Debunking $1.4 Trillion Europe Debt Myth in Post-Heta Age
March 17th, 2015
Austria’s decision to burn bondholders of a failed state bank may mean almost 1.3 trillion euros ($1.4 trillion) of European debt once deemed risk-free now comes with a hazard warning. Austria is the first country to wind down a ...
Federal Reserve Board announces proposal to banking organizations
March 17th, 2015
The Federal Reserve Board on Monday announced a proposal that would require banking organizations to include their existing Legal Entity Identifiers (LEIs) on certain regulatory reporting forms. The LEI is a unique reference code to enable easier identification of ...
ASIC: Two men sentenced in Australia’s largest insider trading case
March 17th, 2015
Joint media release with The Hon Josh Frydenberg, Assistant Treasurer and The Hon Kelly O’Dwyer, Parliamentary Secretary to the Treasurer Two men were sentenced to jail terms of 7 years and 3 months, and 3 years and 3 months ...
Commerzbank Announcement Regarding Sanctions and Money Laundering Violations
March 16th, 2015
Following the release that Commerzbank nears $1.4 billion-plus settlement with U.S, Commerzbank issued a press release informing that: Commerzbank has reached settlements with the Department of Justice (“DoJ”), the Treasury Department’s Office of Foreign Assets Control, the New York ...
ITG announces new capital plans
March 16th, 2015
ITG announces new capital plans and confirms receipt of notice of nomination of directors ITG (NYSE:ITG) or the “Company”, an independent execution and research broker, today provided stockholders with an update on the Company’s review of its capital allocation policies, ...
FCA confirms approach for financial promotions in social media
March 16th, 2015
The Financial Conduct Authority (FCA) has today published its guidance on financial promotions in social media. This follows detailed engagement and consultation with the industry. The FCA recognises that social media are powerful channels of communication which are of ...
Cyprus pulls back from abyss after traumatic bailout
March 16th, 2015
Two years after its failing banks nearly pushed cash-strapped Cyprus over the edge, sending shockwaves through the eurozone, the country has pulled back from the abyss, saved by painful austerity and a multi-billion euro rescue package. Indeed, Finance Minister ...
