Search Results for: regulators
Russian Firm Plans Local Version of Bitcoin Digital Currency
September 18th, 2015
A leading Russian payment services provider is developing the country’s first virtual currency — the bitruble. If the company, Qiwi, can overcome resistance from Russia’s financial authorities — which fear that cryptocurrencies could be used to launder money and ...
Asian shares edge up, dollar soft as Fed stands pat and eyes China
September 18th, 2015
Asian shares rose modestly on Friday on relief the Federal Reserve held off on raising interest rates but gains were capped by renewed concerns about the health of the global economy, in particular China. The dollar was on the ...
Global Demands on Financial Services Auditing Expand
September 17th, 2015
New report examines potential pitfalls, prospects, solutions to managing growth Demands on internal audit are growing faster than ever as management, regulators, and stakeholders increasingly turn to the profession for assurance and advice on a rapidly growing array of ...
Forex Investors See Regulation as a Top Issue
September 17th, 2015
Tightening rules could make currency trading more difficult, expensive Global regulators are tightening rules around trading in financial markets after a series of scandals, which could make currency trading more difficult and expensive, said industry participants at a foreign-exchange ...
Rabobank Adopts Bloomberg Tool to Monitor Its Liquidity Buffer
September 16th, 2015
Bloomberg’s HQLA Solution Helps Rabobank Meet Basel III Requirements Bloomberg announced today that Rabobank, one of the world’s safest banks according to Global Finance magazine, is the latest to adopt Bloomberg’s High-Quality Liquid Assets (HQLA) solution to monitor its liquidity ...
ASIC seeks court orders to wind up Management Firm of Investment Schemes
September 16th, 2015
The Australian Securities & Investments Commission (ASIC) has issued a media release to inform that the Commission seeks court orders to wind up Avestra Asset Management. According the Commissions’s report: ASIC has commenced proceedings in the Federal Court of ...
The president of China’s biggest brokerage is under investigation
September 16th, 2015
The president of China’s largest brokerage has been caught in Beijing’s widening probe of insider trading. Cheng Boming, the president of Citic Securities, is being investigated for “insider dealing and leaking inside information,” the company said in a stock ...
CySec announces acquisition of CIF (Cyprus Investment Firms) licence
September 16th, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that “Alfa Forex Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision of CySec ...
FCA UK warns on clone and unauthorised financial services Firms
September 15th, 2015
The Financial Conduct Authority UK has issued press releases to inform public regarding a clone firm and firms that the Authority believes that have been providing financial services without FCA’s authorisation. Specific, FCA reports that fraudsters, through the clone ...
Google Found Guilty of ‘Abusing Dominant Market Position’ in Russia
September 15th, 2015
Russian antitrust agency will have 10 business days to issue its ruling on the case in full Google Inc. has been found guilty in a rapid Russian antitrust probe, a spokesperson for the country’s antitrust regulator told The Wall Street Journal. ...
