Archives
Important information for debt management customers
May 22nd, 2014
The Financial Conduct Authority (FCA), the British financial regulatory body has issued the following warning: People who have a debt management plan with Debt Help & Advice Ltd should cease making payments to the company immediately, the Financial Conduct ...
FSMA to ban certain financial products’ marketing
May 22nd, 2014
The Financial Services and Markets Authority (FSMA), the Belgian regulatory authority, published an announcement as follows: The marketing of certain financial products to retail clients in Belgium will be banned starting on 1 July 2014. The Regulation to this ...
Wall Street Finds New Subprime With Brokers Pitching 125% Loans
May 22nd, 2014
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. From an office near ...
Vietnam Offers Help To Companies After Deadly Anti-China Riots
May 22nd, 2014
Vietnam will compensate businesses hit by anti-China riots, which exploded across the country last week over a territorial dispute in the South China Sea. Factories were torched and at least four workers were killed, according to the Metallurgical Corporation ...
Eurozone businesses maintain steady growth
May 22nd, 2014
Business activity in the eurozone kept up a steady pace of growth in May, a survey has indicated, despite the pace of expansion slowing slightly. The latest Purchasing Managers’ Index (PMI) from research firm Markit dipped to 53.9, down ...
SEC Charges Private Fund Manager
May 22nd, 2014
The Securities and Exchange Commission has charged a Sarasota, Fla.-based private fund manager with defrauding investors in a Ponzi scheme that ensued after he squandered their money on bad investments and personal expenses. The SEC alleges that Gaeton “Guy” ...
SRA Board approves changes to the education and training regulations
May 22nd, 2014
The Solicitors Regulation Authority (SRA) Board has today (Wednesday 21 May) approved changes to the SRA training regulations. The changes form part of the SRA’s ongoing Training for Tomorrow programme of reform and Red Tape Initiative. The next step ...
Solicitors reminded of responsibilities in disrupted criminal cases
May 22nd, 2014
The Solicitors Regulation Authority (SRA) has reminded solicitors in very high cost criminal cases (VHCCs) of their responsibilities following a number of calls to the Professional Ethics helpline. The SRA has received queries from solicitors who have sought to ...
RBNZ renews currency swap facility with Chinese Bank
May 22nd, 2014
The Reserve Bank of New Zealand (RBNZ) has issued the following press release: The People’s Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support ...
Unqualified accountants may put business at risk
May 22nd, 2014
Small firms are being urged to check whether their accountant is fully qualified before using them, otherwise risk damaging their business, an accounting body has warned. According to the Association of Chartered Certified Accountants (ACCA), there is no law ...
