India signs tax avoidance agreement
Thursday 26 Jan 2012 | Karina Whalley
India has added its signature to the Convention on Mutual Administrative Assistance in Tax Matters, an international agreement that aims to combat tax avoidance and evasion.
FSA releases reverse takeover rules
Thursday 26 Jan 2012 | Karina Whalley
The UK financial watchdog has released stricter proposed rules on reverse takeovers to prevent private UK companies from buying listed firms merely as a back door route to going public.
EU Parliament site hit by hacktivists
Thursday 26 Jan 2012 | Andrew Hickley
The European Parliament has found itself the latest victim of the internet activist group Anonymous, which has taken down the parliament’s website in protest at controversial proposals.
CFTC to test new proposals under House bills
Thursday 26 Jan 2012 | Andrew Hickley
The US House Agriculture Committee has passed a bill that could require the Commodity Futures Trading Commission to conduct more rigorous cost-benefit analyses before it approves new regulations.
Geithner: Obama won’t pick me again
Thursday 26 Jan 2012 | Andrew Hickley
US Treasury secretary Timothy Geithner has revealed that he does not expect President Barack Obama to keep him on if he is re-elected.
FSB: Swiss regulator needs more teeth
Thursday 26 Jan 2012 | Karina Whalley
The Financial Stability Board says Switzerland’s financial watchdog needs more teeth to impose penalties and beef up its prudential powers.
Merkel: Leaders must dare for ‘more Europe’
Thursday 26 Jan 2012 | Andrew Hickley
German Chancellor Angela Merkel says that European leaders must “dare to have more Europe” as part of fiscal integration measures needed to shrug off the sovereign debt crisis.
OCC: Deriv fears are an overreaction
Wednesday 25 Jan 2012 | Karina Whalley
The head of US regulator the OCC has lashed out at critics of derivative instruments saying their fears are a “vast overreaction”.
FCA: Product regs won’t end innovation
Wednesday 25 Jan 2012 | Karina Whalley
The UK’s future Financial Conduct Authority has assured bankers that new powers to intervene in dangerous financial products will not stifle product innovation.
‘Major wave’ of Solvency II drafts in May
Wednesday 25 Jan 2012 | Andrew Hickley
The insurance industry should expect a “major wave” of public consultations in the early summer as the European insurance watchdog prepares to finalise Solvency II standards for September 2012.
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