Search Results for: financial reporting
Many Reporting Entities Unprepared For FATCA
August 24th, 2016
New research shows that financial institutions are generally confident about meeting existing and incoming automatic exchange of information obligations. However, the study also found that a significant proportion of the industry is facing higher costs and risking fines by ...
First Data reports second Quarter 2016 financial results
August 2nd, 2016
First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today reported financial results for the second quarter ended June 30, 2016. Consolidated revenue for the second quarter was $2.9 billion, up 2% versus the prior year ...
NYC Audit Firm to pay penalty for failing to spot fraud in financial statements of a public company
July 25th, 2016
The Securities and Exchange Commission suspended an accountant for conducting a faulty audit of the financial statements of a public company that was committing fraud, and the firm where he was a partner at the time has been prohibited from ...
Euronext to offer MiFID II-compliant Trade Publication and Transaction Reporting Services
July 13th, 2016
Euronext announced it will enhance its Trade Publication and Transaction Reporting Servicesto allow investment firms to meet the new regulatory requirements specified under MiFID II. MiFID II comes into effect in January 2018 with the aim of improving the ...
BaFin establishes a reporting platform for whistleblowers
July 8th, 2016
With effect from 2 July 2016, BaFin has established a central contact point for so-called “whistleblowers”. Whistleblowers may use this contact to report violations of supervisory provisions. Anonymity of whistleblowers will be a top priority for BaFin. Whistleblowers play an important role ...
Malta’s financial services sector continued to expand in 2015
June 9th, 2016
Malta’s financial services sector continued to expand in terms of size, reputation and attractiveness in 2015, backed by a resilient regulatory framework, prudential supervision, consumer protection, and strong money laundering prevention mechanisms. New licences, issued during 2015, were registered most notably in ...
Thomson Reuters Survey Reveals More than Half of Financial Institutions Are Concerned about Reputational Risks of FATCA & CRS Non-Compliance
June 1st, 2016
More than 50 percent of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) mandates could affect the reputations of their institutions.. “The results of the ...
Markit acquires interest in commodities price reporting agency PRIMA
May 9th, 2016
Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that it has acquired an interest in commodity markets research and price reporting agency PRIMA. Nathan Amery, head of commodities at Markit, said: “Commodities producers, traders ...
Financial Services industry losing £165 million in invoice fraud
April 28th, 2016
Businesses in financial services (FS) are losing more than £165 million in invoice fraud every year. According to the new research published today by Tungsten, this amounts to £1,969 per business. Of those affected, one in five believes the ...
E*TRADE Financial Corporation announces First Quarter 2016 Results
April 22nd, 2016
First Quarter Results Net income of $153 million, or $0.53 per diluted share Adjusted net income of $122 million(1), or $0.43 per diluted share(1), excluding a $31 million income tax benefit related to the release of a valuation allowance ...
