Archives
World Stock Exchanges announce trading volumes for May 2015
June 3rd, 2015
Moscow Exchange Moscow Exchange announces trading volumes for May 2015. The Derivatives Market and FX Market posted the strongest growth, with volumes increasing 33% and 27% YoY, respectively. Secondary market turnover in bonds increased 12%. Equity & Bond Market Secondary market ...
Greek Stalemate Leaves Tsipras Face Final Creditor Offer
June 3rd, 2015
Greek Prime Minister Alexis Tsipras will be told the details of a final proposal from creditors to break a stalemate over a financial lifeline as his country runs out of options to avert a default. After European leaders and ...
Fitch: Steep Emerging-Market FX Reserve Falls Likely to Continuee
June 3rd, 2015
Global EM FX reserves have fallen by USD524bn since June 2014, surpassing the drop in 2008-2009, and further declines are probable. Emerging-market (EM) official foreign exchange (FX) reserves have been falling steadily by an average of USD58bn a month ...
FSC: Suspension of the Management Licence of Belvedere Fiduciary Limited
June 3rd, 2015
FSC Mauritius – Notice is hereby given in accordance with Section 27(7) of the Financial Services Act 2007 (the “FSA”) that the Management Licence of Belvedere Fiduciary Limited (“BFL”), having its registered address at 7A, 7th Floor, Ebene Mews, ...
ACCA and IIA join forces to boost internal audit industry with new exam and specialised resources
June 3rd, 2015
Internal audit exam offered to ACCA members alongside membership of the IIA ACCA (the Association of Chartered Certified Accountants) has agreed with the IIA (the Institute of Internal Auditors) to develop their Certified Internal Auditor (CIA) Challenge Exam that ...
Strengthening investment key to improving world economy’s B-minus grade, says OECD
June 3rd, 2015
Global growth will gradually strengthen towards its pre-crisis trend rate by late 2016 as activity becomes more evenly shared across the major economies and overall external imbalances are less marked than in the run-up to 2007, according to the ...
Deutsche Bank to launch three tech startup labs in 2015
June 3rd, 2015
Deutsche Bank aims to launch three technology innovation labs in Berlin, London and Silicon Valley this year designed to accelerate development of so-called “fintech” companies which could aid the banking sector and its clients. Germany’s largest lender, grappling with ...
Bank of Russia: On Action Plan to Increase Financial Inclusion
June 3rd, 2015
To streamline its policy in the financial market the Bank of Russia has developed an action plan to increase financial inclusion of the population and entrepreneurs. The document envisages the methodology to assess the level of financial inclusion with due account to recommendations of G20 and Alliance for Financial ...
ASX: GDP beats forecasts in Q1
June 3rd, 2015
The Australian economy grew at a faster pace than economists expected in the March quarter, data from the Australian Bureau of Statistics shows. Gross domestic product (GDP) grew a seasonally adjusted 0.9 per cent in the three months to the end ...
IOSCO: Joint Forum releases report on credit risk management across sectors
June 3rd, 2015
Today the Joint Forum released its report Developments in credit risk management across sectors: current practices and recommendations. The report provides insight into the current supervisory framework around credit risk, the state of credit risk management at firms and ...
