Bank of England launches cyber crime unit
June 10th, 2014
The Bank of England (BoE), ahs announced that it has launched a new framework to help identify areas where the financial sector could be vulnerable to sophisticated cyber-attack. This is part of the Bank of England’s response to the ...
FCA Said to Observe Banks’ London Gold-Fixing Calls
April 25th, 2014
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said. ...
FCA appoints two new senior advisers focused on competition and investment banking
April 23rd, 2014
The British Financial Conduct Authority (FCA), has issued a press release announcing the appointment of two senior advisers as follows: Martin Wheatley, chief executive of the FCA, said of the appointments: “Both David and Gunner come with impressive experience ...
FRC to expose companies that fail to report accurate information
April 17th, 2014
Companies will be forced to admit to FRC inquiries, under reporting watchdog proposals Companies will be forced to admit when they have investigated by the FRC’s conduct committee for failing to provide accurate information in accounts or reports, under ...
Regulators suggest firms take deep dive into audit quality
April 11th, 2014
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of finding remedies. Lewis Ferguson, chair of the International Forum of ...
R&D Tax Credit Can Help High-Growth Companies
April 2nd, 2014
As a company grows, execs should be aware that changes in the firm’s legal structure can affect its R&D credit. In 2010, U.S. businesses reported research and development tax credits exceeding $8.5 billion. Therefore, it’s not surprising that a ...
ASIC information sheet on audit quality
March 17th, 2014
ASIC has released information to help directors and audit committees develop robust standards as part of its commitment to improve audit quality. Information Sheet 196 Audit quality: The role of directors and audit committees (INFO 196) explains: why audit ...
Harris Georgiades, Minister of Finance
March 12th, 2014
Cyprus is striving to get back to business as usual after securing a financial bailout package, what are the immediate priorities of the Ministry of Finance? After the recent Eurogroup decisions on financial assistance, Cyprus aims to restore confidence ...
Market Regulation
February 4th, 2014
A “regulated market” or “organized market” as defined by Directive 2004/39/EC means the multilateral system managed or operated by a market operator and which brings together or facilitates the bringing together of multiple third-party buying or/and selling interests in ...
