FCA Encourages Financial Firms To Take Action Now Over LIBOR Phase-out

London Interbank Offered Rate (LIBOR) has been the benchmark for interest rates all over the world since the 1980s. However, the Financial Conduct Authority (FCA) which is the financial watchdog in the UK has seen the need for a better

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Major Money Laundering Regulation Changes Put EU Crypto Firms in Trouble

Money laundering is one of the biggest concerns that European Union has to deal with. This is why 28 EU member states are seeking to quickly implement AMLD5, the Fifth Anti-Money Laundering Directive. The problem with this new regulation change

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BlackRock Targets Eco Friendly Companies For Major Investments

The world seems to be in more turmoil now more than ever with natural disasters happening at a major scale. Climate change is being blamed for the bushfires in Australia, the floods in Indonesia and the volcanoes in the Philippines.

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Australians Reportedly Lost $61.6M To Investment Scams In 2019

One of the first things that financial advisors tell their potential clientele is that they should start investing right away. When you find the right investment firm and invest your money wisely, you get good returns. However, a number of

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World Bank Forecast Suggests Global Economies Will Struggle In 2020

The World Bank has released its forecast for 2020 and it is not great news. The report showed that 2019 was marked by the weak performance of the global economy. If you were expecting a better forecast for 2020, you

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Indian Investors Take A Hit As Economy Slumps To A 42 Year Low

When the BJP government came into power in 2014, PM Narendra Modi made lavish promises and struck the right chord with both domestic and international investors. The government promised to create millions of jobs, make it easy for overseas businesses

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FCA Rules May Result in UK Credit Card Suspensions From February 2020

The UK’s Financial Conduct Authority (FCA) asked banks in September 2018 to look at their current credit card customers and identify those that have only been paying minimum interest payments. This was to help those who are struggling with persistent

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