Latest News for: Financial authority

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Shinhan forced to delay quarterly dividend policy

Korea Times 28 Jul 2021
Shinhan Financial Group's headquarters in Seoul / Courtesy of Shinhan Financial Group ... The banking group indicated the adjustment after earlier reports said financial authorities have put the brakes on its ambitious plan to pay quarterly dividends ... It has been unprecedented for the nation's financial holding companies to pay quarterly dividends.
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UK financial adviser sentenced to four years in jail for fraudulent trading

The National 28 Jul 2021
The four-year sentence will be followed by two additional terms of 14 months for carrying out regulated activities without authorisation, the Financial Conduct Authority said ... the local financial services sector and how savings, investments and insurance policies are sold.
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Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks

Bitcoin 28 Jul 2021
“I am writing to you in your capacity as Chair of the Financial Stability ... She wrote, “I urge FSOC to act with urgency and use its statutory authority to address cryptocurrencies’ risks and ensure the safety and stability of our financial system,” warning..
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IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender

Bitcoin 28 Jul 2021
The post titled “Cryptoassets as National Currency? A Step Too Far” was authored by Tobias Adrian, the financial counselor and director of the IMF’s Monetary and Capital Markets Department, and Rhoda Weeks-Brown, general counsel and director of the IMF’s Legal Department ... The authors wrote..
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FoxPlan censured by FMA for breach of financial advice rules

RNZ 28 Jul 2021
A Wellington financial services firm has been censured by the regulator for allowing its staff ... The Financial Markets Authority (FMA) found advisors at FoxPlan provided investment planning services, which can only be offered by someone registered as an Authorised Financial Advisor.
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Contact Financial announces closure of 2nd sukuk issuance of EGP 2.5bn

Egypt Commercial News 28 Jul 2021
Contact Financial Holding has announced the successful closure of its second sukuk issuance of EGP 2.5bn by its subsidiary, Sarwa Sukuk Company ... This transaction is the result of a combined effort from reputable banks, financial institutions, and the Financial Regulatory Authority (FRA), which showed strong support during the process.
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Lockdown in Sydney extended for 4 more weeks, additional supported announced

Sina 28 Jul 2021
Three LGA will join the five existing LGAs of concern with tightened restrictions where only authorized workers could leave local areas for work ... The expanded payment is expected to cover more than 400,000 businesses employing 3.3 million workers in NSW subject to eligibility, the authority said.
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Binance CEO’s Wants To Work With Regulators To Get Licensed Everywhere

Bitcoinist 28 Jul 2021
The CEO of cryptocurrency exchange Binance has stated that he is willing to step down as the company seeks to become a regulated financial institution ... “From now on, we’re going to be a financial institution.” ... Financial regulators in the United Kingdom, US.
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Binance seeks new CEO, holds press conference to discuss regulatory methods

OBN 28 Jul 2021
I don’t have to be CEO to do that.” Regulated financial institution. The company held a press conference where the CEO announced that Binance is going forward to become a fully regulated financial institution ... The financial authority of the UK banned Binance from undertaking activities in Britain.
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OASIS undergoing relocation

Messenger-Inquirer 28 Jul 2021
OASIS Women’s Shelter is in the beginning stages of relocating as its lease with the Housing Authority of Owensboro will be terminated in 14 months ... OASIS has leased space with the Housing Authority of Owensboro since 1995 to help provide shelter for its clients.
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Vatican's Cardinal Becciu on trial in $412m fraud case

Business Ghana 28 Jul 2021
Cardinal Angelo Becciu, 73, is the most senior cleric in modern times to face trial for alleged financial crimes ... Swiss lawyer René Brülhart, who previously headed the Vatican's financial regulation body, the former Financial Information Authority, and his ex-deputy Tomasso di Ruzza.
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Britney Spears says she's feeling 'rebellious' while taking up painting to cope with 'all the ...

The Daily Mail 28 Jul 2021
Certified Public Accountants offer financial statement audits and other attestation services to help inform investors about the financial health of organizations ... If the request is granted, Rubin would be given financial authority to manage Britney's estate and assets as well as the powers of attorney to make health care decisions.
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The debt ceiling debate: Theater of the Absurd

Times Free Press 28 Jul 2021
Congress passes and the President signs spending bills that authorize every nickel that the US Government spends each year ... Financing World War I required significant borrowing, so Congress authorized a total borrowing limit up to which the Treasury could issue bonds as needed to pay the bills Congress incurred.
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Update: China Stocks Retreat in Wake of Regulatory Crackdown

Caixin Online 28 Jul 2021
Investors in some of China’s most vibrant sectors — from technology to education — have found themselves in the line of fire this month as Beijing attempts to rein in private enterprises it blames for exacerbating inequality, increasing financial risk and challenging the government’s authority.

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