Latest NewsRSS Feed

Hong Kong-London Venture to Support Tech start-ups - 29 January 2015

Hong Kong investment and startup incubation firm Nest has signed a ‘friendship agreement’ with London based technology space Level39, the Canary Wharf Group initiative, to encourage technology start-ups in the two cities ...

More European Companies Seek Cyber Insurance - 29 January 2015

European insurers report that the increasing incidents of cybercrime is sparking company executives’ interest in insurance policies that cover the fallout from hacking, according to the Wall Street Journal ...

European QE ‘Could Lead to Buying of Poor Quality Assets’ - 29 January 2015

The quantitative easing (QE) programme recently announced by the European Central Bank could lead to the buying of over-priced, poor quality assets with little benefit accruing to companies, warns the UK’s Warwick Business School ...

Legal Entity Identifier Website Launches - 29 January 2015

The Global Legal Entity Identifier Foundation (GLEIF) has launched its website, which it calls “an important milestone in the establishment of the Legal Entity Identifier (LEI) as a key component for a global entity identification management” ...

Swiss Move Raises Prospect of Negative MMF Yields - 28 January 2015

The yields on Swiss franc (CHF)-denominated money market funds (MMFs) could turn negative in the next few weeks following the Swiss National Bank's (SNB) decision on January 15 to cut already negative benchmark rates further and scrap the currency’s cap against the euro, Fitch Ratings says ...

IUA: Insurance Supervision Lacks Industry-Experienced Staff - 28 January 2015

The Bank of England’s (BoE) appointment of Sam Woods as executive director for insurance supervision has met with a guarded welcome from the International Underwriting Association (IUA), which expressed concerns about oversight of the sector ...

Renminbi Makes Top Five of Most Used Currencies - 28 January 2015

After nearly one year firmly positioned at seventh, the Renminbi (RMB) has entered the top five of world payment currencies since November 2014, overtaking both the Canadian dollar (CAD) and the Australian dollar (AUD) by value, reports SWIFT ...

Businesses Face Huge Upturn in DDoS Attacks - 27 January 2015

The size, complexity and frequency of cyber-attacks continues to rise, with customer infrastructure and data centres becoming prime targets and the average distributed denial of service (DDoS) attack now 50 times bigger than it was a decade ago, according to Arbor Networks ...

IoD: Late Payments ‘Scandal’ Undermining UK Economic Revival - 27 January 2015

The UK’s Institute of Directors (IoD) has warned large businesses that the ‘scandal’ of late payments is undermining the country’s economic recovery, and said that major corporations’ failure to pay bills promptly could be a trigger for regulation ...

Australian Companies Demand Better Value - 27 January 2015

Australia’s top 500 enterprises by revenue not only want better value from their bank, they’re prepared to walk out of long-standing relationships to get it according to research by banking analysts East & Partners ...

Asian Corporates Resilient to Growth Slowdown: Moody’s - 27 January 2015

Asia and its corporate sectors will be resilient to global macroeconomic challenges in 2015, with less vulnerability to external shocks than other emerging economies and with sound fundamentals that compare well with many regions in the world, says Moody’s ...

Firms Seeking Clarity on Conduct Risk - 26 January 2015

Managing and mitigating conduct risk continues to be one of the highest regulatory priorities, yet financial services firms remain unclear about what conduct risk is and how to address it reports Thomson Reuters ...

Amazon Ends its Wallet App Venture - 23 January 2015

The payment services provider (PSP) sector has one less member as Amazon has ended its bid to enter the world of mobile payments via Amazon Wallet, an Android app that received a low-key launch last summer ...

BoE Reassures Insurers over Capital Adequacy Rules - 23 January 2015

The Bank of England (BoE) has reassured UK’s biggest insurance companies that they will not be unduly impacted by tougher capital requirements under the new Europe-wide Solvency II regime ...