Financial Regulation International

Time 2020-12-24 13:04:11

Web Name: Financial Regulation International

WebSite: http://www.financialregulationintl.com

ID:144598

Keywords:

Financial,Regulation,International,

Description:

The recent collapse of German company Wirecard is widely described as the most sophisticated accounting fraud in post-war Europe.Earlier this year, India’s apex financial regulator, the Reserve Bank of India, pre-empted the effect of the unprecedented spread of the Covid-19 pandemic on the Indian financial sector.The Financial Conduct Authority announcements over recent weeks have hit at the heart of financial services firms’ culture and fair treatment of customers.Following the temporary halt to our normal print and distribution of Financial Regulation International due to the coronavirus pandemic, Informa Law is pleased to confirm that the hard-copy publication will begin to be distributed again from 1 January 2021. Customers will receive their hard copies through their usual channels.An investment fund is a pool of assets, belonging to a different person(s) commonly referred to as an investor, in which the power to manage assets belongs to a third party, known as the fund manager. Environmental, social and corporate governance has been a topic of growing importance in the asset management world for a number of years. Cryptocurrencies have become a dominant feature in the international financial system in recent years with a market capitalisation over US$300 billion and market value over €7 billion globally.The Covid-19 pandemic and the lockdown have required the introduction of legislation in many spheres of the economy. This article explores some responses of the Federal Government of Nigeria and its agencies to the disruptions caused by the pandemic, through the issuance of new guidelines, variation of existing regulations and the grants of waivers and concessions, to ameliorate its effects and create additional opportunities for foreign and domestic investment.Banks and financial institutions are in the eye of the Covid-19 storm with credit and market risks (among many others) front and centre. The Covid-19 pandemic has led to a reduction in demand for companies’ products and services, a disruption of supply chains, and a tightening of the provision of credit by financial institutions, all of which have worked together to exacerbate corporate debt. Transferability in letters of credit is one of the most significant features increasing the speed and security of payments. Almost all related rules have recognised “transfer” and “assignment of proceeds” as the methods for conferring LCs.On 27 June 2020, Wirecard filed for insolvency with its share price plummeting 90 per cent in a massive accounting scandal. The rate of technological advancement has been so rapid over the past few decades, that it’s sometimes easy to forget just how far we’ve come. China proposed the initiative of the Guangdong-Hong Kong-Macao Greater Bay Area in February 2019, in which the development of its financial industry is key.On 19 February 2020, the first judgment on transfer pricing in Nigeria was delivered by the Tax Appeal Tribunal in the case of Prime Plastichem Nigeria Ltd v Federal Inland Revenue Service.Financial Regulation International is part of Maritime Intelligence, a trading division of Informa UK Limited, a company registered in England and Wales with company number 1072954 whose registered office is 5 Howick Place, London, SW1P 1WG. Informa UK Limited is part of Informa PLC. Informa UK LimitedStock images supplied courtesy of www.shutterstock.comstay informed of the legal and regulatory controls on financial institutions around the world, with international overviews and analysis of new regulations and legislation24/7 online access, and set up your own bespoke email alerts

TAGS:Financial Regulation International 

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