Archives
ASIC encourages platforms to review compliance with class orders
May 27th, 2014
The Australian Securities and Investments Commission (ASIC) is encouraging platforms to review ongoing compliance with ASIC class orders and to ensure they are ready for the changes under new class orders coming into full effect for established operators on ...
Biggest banks to pay up to EUR 15m for ECB supervision
May 27th, 2014
The eurozone’s biggest banks will face an annual bill of up to 15 million euros ($20 million) apiece for being supervised by the European Central Bank, the ECB said on Tuesday. The ECB said in a statement that the ...
Euro feels impact of European elections – Euro Currency update
May 27th, 2014
Currencies Outlook of May 27th The Euro The Euro is weaker against most of its rivals as the impact of last week’s European elections continues to be felt. Victory for Euro-sceptic parties weighed upon the single currency. Also piling ...
Gold Traders Investigated in Colombian Cocaine Laundering
May 27th, 2014
Colombia is investigating the possible involvement of gold trading firms and a Miami refinery in a cocaine money-laundering scheme that’s distorting the country’s trade data, according to the tax and customs agency. As much as $3.3 billion of gold ...
Cyprus Savers Sue ECB, Commission Amid Losses in Rescue Plan
May 27th, 2014
Cyprus bank depositors sued the European Central Bank and the European Commission for putting them in the firing line as part of last year’s rescue package for the crisis-hit Mediterranean nation. The savers filed four lawsuits demanding compensation after ...
HMRC takes in record £23.9bn following tax cheat clampdown
May 27th, 2014
Tax authorities have increased their take by 15% to a record total of £23.9 billion in the year to April following a crackdown on tax avoidance schemes. HM Revenue & Customs said that £8 billion had been received in ...
GBP/USD challenges weekly PP
May 27th, 2014
Pair’s Outlook The Cable is currently eroding the supply area at 1.6855/51, a breach of which will pave the way towards a major level at 1.70. However, due to toughness of the resistance, advancement beyond this point seems to ...
EUR/USD postpones decline
May 27th, 2014
Pair’s Outlook EUR/USD recovered some of the losses yesterday, but the market is nevertheless considered to be bearish. The reason is that the key resistances, such as the down-trend at 1.39, stay intact, but some of the most important ...
Accounting giants press for seat at G20 table
May 26th, 2014
The Australian federal government allegedly accepted sponsorship of more than $US300,000 from three of the accounting sector’s ‘big four’ for a seat at the table of a high profile tax summit in Tokyo ahead of this year’s G20 talks ...
Dutch Regulator Says Banks Benefit More Than They Pay for
May 26th, 2014
Banks will draw benefits from the European Central Bank’s direct oversight that will outweigh the extra supervisory costs they face, according to the Dutch central bank’s chief supervisory official. “They said it’s a lot of money, but it’s worth ...
