With the implementation of FATCA looming and the date approaching in January 2014, all eyes are on the banks to see how they will comply. The Swiss Bankers Association has listed elements that might be of particular interest. Financial intermediaries in Switzerland will get facilitation in the identification of clients with ties to the US….
Trading Gold and Silver
The main function of gold, silver and indeed any futures market, is for the company to offer a centralized marketplace for investors wanting to buy or sell commodities. Before one starts investing in the purchase of gold coins, they should realize the following. First, there are many different types of gold coins available (research the…
Frenchman Cyril Roux Takes Over at Central Bank
Ireland is getting a new financial regulator, and he’s French. Frenchman Cyril Roux will take over on October 1, succeeding Englishman Matthew Elderfield as deputy governor, financial regulation, at the Central Bank. With his new position, he will be the highest paid executive at the Central Bank, earning a salary of €310,000. He’s being given…
Eastern European News
Lithuania Propels into Fintech
Lithuania is fast gaining a reputation for being the most accelerated Fintech hub in all of Europe. It features year-on-year 40% growth in the area as well as a burgeoning talent base and quite unique regulatory route. This has rendered it Europe’s largest e-money license issuer. As such, large names are flocking to the area…
Business in Europe: Best Countries Report
Yesterday the European Chamber (EUCHAM) put out a report of “rank[ing] and analyz[ing] all 46 European countries according to their economic environment.” In brief, it was found that the list toppers were those from the Nordic regions (Denmark, Finland, Norway and Sweden). Next on the list was the UK. While in general the FSU countries…
