26th April 2017
The United States has a rich history of bank crises.  In fact, we’re number two in the world, with 13 all-time, just behind France with 15, and just ahead of the United Kingdom, with 12.  Our first major banking regulation law, the National Currency Act, was passed in 1863 as… Read More
25th April 2017
The Real Estate Agents Licensing Board (REALB) has signed a Memorandum of Understanding (MoU) with the Fiji Financial Intelligence Unit (FIU) to enhance the level of professionalism and integrity within the real estate industry in Fiji. Imperative move FIU Acting Chief Executive Officer Virisila Tuimanu said that the MOU will… Read More
25th April 2017
President Donald Trump signed executive orders last week to roll back the orderly liquidation authority to bail out “too big to fail” banks and put a moratorium on designating systemically important financial institutions. Both provisions were instituted under Dodd-Frank. Trump directed Treasury Secretary Steven Mnuchin not to use orderly liquidation… Read More
24th April 2017
As quickly as the financial technology innovations are making banking easier and more cost effective, so financial crime also rapidly evolves and moves across borders. To address what is sees as the burgeoning threat The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police… Read More
24th April 2017
The United Arab Emirates formally signed up to the most powerful multilateral treaty against offshore tax evasion and avoidance on Friday. At the Paris headquarters of the Operation for Economic Cooperation and Development (OECD), the UAE’s ambassador to France signed the multilateral convention on mutual administrative assistance in tax matters. Read More
21st April 2017
President Donald Trump is continuing to target a law meant to stop banks from growing “too big to fail.” The president will travel to the Treasury Department Friday to sign three measures. One memorandum will order the treasury secretary to review a component of the 2010 Dodd-Frank financial reform law… Read More
21st April 2017
Nine years on from the 2008 financial crisis, regulators are now entering a new phase, one that requires them to take stock of the reforms implemented so far and position themselves for the technological changes sweeping the financial industry, said Monetary Authority of Singapore managing director Ravi Menon. Mr Menon,… Read More
21st April 2017
The Australian Taxation Office has scored as big a win against oil giant Chevron as current laws allow, but it hasn’t managed to close a commonly exploited tax loophole, according to an internationally renowned expert. “The result is a win-win situation for both the ATO and the Chevron group” said Dr… Read More
20th April 2017
Financial regulation in the United States is at a critical juncture. Federal Reserve Board Governor Daniel Tarullo, the unofficial czar of financial regulation, has just resigned. A new draft of the Financial CHOICE Act, the leading proposal to replace the Dodd-Frank Act, will be introduced this month. The country needs… Read More
20th April 2017
The SEC rule that would have required oil and gas and mining companies to disclose each year their payments to foreign governments was intended to increase transparency and prevent back-handers, bungs, and bribes from reaching those able to influence contractual decisions. Sadly, it is the local populace that often loses… Read More