In conjunction with the meeting of the IFRS Foundation’s Trustees in Tokyo, Japan, the IFRS Foundation Trustees and Japan’s Financial Accounting Standards Foundation (FASF) issued a joint statement. It reaffirms their shared commitment to the objective of a single set of high quality, global accounting standards and describes how the two organisations will work together […]
The US Commodity Futures Trading Commission (CFTC) has approved the creation of LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable […]
An innovative survey from the University of Maryland’s Program for Public Consultation (PPC) reveals significant differences between the budget proposed in the Trump administration’s “Budget Blueprint” for 2018 and what the public recommends. The findings were released by Voice Of the People. For the top ten areas, the gaps between the spending proposals of the […]
The European economy has entered its fifth year of recovery, which is now reaching all EU Member States. This is expected to continue at a largely steady pace this year and next. In its Spring Forecast the European Commission expects euro area GDP growth of 1.7% in 2017 and 1.8% in 2018 (1.6% and 1.8% […]
With a flurry of news breaking in Washington, US mortgage rates moved to the downside with the benchmark 30-year fixed mortgage rate falling to a five-month low of 4.15%, according to Bankrate.com’s weekly national survey. The 30-year fixed mortgage has an average of 0.25 discount and origination points. The larger jumbo 30-year fixed slid to […]
The financial services sector tops the table in deals between large organisations and UK SMEs. Since April 2016, there have been 452 deals, known to have exceeded £6.2bn. This accounts for 41% of the national total volume. Economic data, released earlier this month by law firm Bond Dickinson, explores mergers and acquisitions, joint ventures and […]
To date, more than a quarter of the 222 UK financial services firms monitored by the EY Brexit Tracker* have announced that they are moving some staff or part of their operations out of the UK, or that they are reviewing their domicile as a result of Brexit. Whilst firms voicing such intentions remain in […]
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