European Commission Reveals Plan to Lead in the Metaverse and Prevent Big Tech Dominance
The European Commission has unveiled a strategic plan aimed at positioning the European Union (EU) as a frontrunner in the metaverse, a...
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Flexi Group
Jul 17, 20233 min read
EY Secures Lucrative Audit Contract for UBS Following Credit Suisse Takeover
In a significant move, executives at UBS have chosen EY as the auditor for one of the world's most lucrative banking audit contracts....
572 views0 comments
Flexi Group
Jul 14, 20232 min read
HSBC Expands Green Finance Teams in China Amid Rising Demand
HSBC, the largest bank in Europe, is bolstering its green finance and bond teams in China to meet the growing demand for sustainable...
927 views0 comments
Flexi Group
Jul 14, 20233 min read
The US Junk Bond Market Contracts, Raising Concerns Over Economic Signals
The US junk bond market, valued at $1.35 trillion, has experienced a significant shrinkage of almost $200 billion since its peak in late...
858 views0 comments
Flexi Group
Jul 13, 20232 min read
Young Adults Account for Majority of Money Mule Cases, UK Figures Show
According to figures from UK Finance and fraud prevention body Cifas, young adults up to the age of 30 make up nearly two-thirds (64%) of...
724 views0 comments
Flexi Group
Jul 13, 20233 min read
Curacao Implements New Gambling Regulations: Reforming Licensing Regime for Foreign Operators
Curacao, a popular jurisdiction for online gambling licensing, is set to reform its gambling regulations with the implementation of the...
985 views0 comments
Flexi Group
Jul 12, 20232 min read
BNP Paribas in Belgium Fined €15 Million for Serious AML Failings
BNP Paribas in Belgium has been slapped with a €15 million fine by the country's central bank, the National Bank (NBB), for significant...
594 views0 comments
Flexi Group
Jul 12, 20232 min read
OECD Warns Over 25% of Jobs at Risk from AI Automation, Urges Policy Action
The Organisation for Economic Co-operation and Development (OECD) has issued a warning that over 25% of jobs within its member countries...
586 views0 comments
Flexi Group
Jul 12, 20232 min read
IMF Warns Global Tax Systems Struggling to Tax Crypto-Assets as Rapid Expansion Outpaces Regulation
The International Monetary Fund (IMF) has warned that global tax systems are struggling to properly tax crypto-assets due to their rapid...
289 views0 comments
Flexi Group
Jul 11, 20232 min read
China Fines Ant Group $984 Million in Regulatory Crackdown on Fintech Sector
Chinese authorities have announced a 7.12 billion yuan ($984 million) fine for Ant Group, marking the end of a regulatory overhaul of the...
1,039 views0 comments
Flexi Group
Jul 11, 20232 min read
Surge in New Corporate Loans Drives Total New Loans in Cyprus
According to the Central Bank of Cyprus (CBC), there was a significant surge in new corporate loans exceeding €1 million in May 2023,...
823 views0 comments
Flexi Group
Jul 10, 20232 min read
The Rise of Geoeconomics: Balancing Foreign Policy Objectives and Global Cooperation
The rise of geoeconomics marks a shift from purely economic policy to economic statecraft, where economic policies are used to advance...
420 views0 comments
Flexi Group
Jul 10, 20232 min read
UK Pension Providers Agree to Increase Investments in Domestic Assets as Chancellor Launches New Ple
In a move to boost investments in the UK economy, major pension providers in the country have agreed to increase their investments in...
291 views0 comments
Flexi Group
Jul 7, 20232 min read
Transfer Pricing Takes Center Stage: OECD Expected to Announce Progress on Two-Pillar Solution
Transfer pricing takes center stage in the ongoing negotiations surrounding the two-pillar solution, according to the Organization for...
1,244 views0 comments
Flexi Group
Jul 7, 20232 min read
UK's Largest Audit Firms Show Improved Results in FRC's Quality Review
The Financial Reporting Council (FRC) of the UK has released its latest quality review, revealing a continued improvement in the annual...
1,508 views0 comments
Flexi Group
Jul 7, 20232 min read
Raiffeisen Bank International Delays Exit from Russia as Austria Defends Ties with Moscow
Raiffeisen Bank International (RBI) has decided to postpone its plans to exit the Russian market, according to three individuals familiar...
613 views0 comments
Flexi Group
Jul 6, 20232 min read
TPRM Summit Highlights the Role of AI and Early Investment in Third-Party Risk Management
New technologies, particularly generative artificial intelligence (AI), took center stage at the recent Third-Party Risk Management...
917 views0 comments
Flexi Group
Jul 6, 20232 min read
Elon Musk Voices Confidence in China's AI Capabilities Amid US Export Restrictions
Billionaire entrepreneur Elon Musk expressed his confidence in China's capabilities in artificial intelligence (AI) technologies during...
851 views0 comments
Flexi Group
Jul 5, 20231 min read
Cypriot Banking System's Liquidity and Capitalisation Exceed EU Average, says EBA President
The President of the European Banking Authority (EBA), Jose Manuel Campa, commended the liquidity and capitalisation of the Cypriot...
981 views0 comments
Flexi Group
Jul 5, 20232 min read
UK Recognizes Cryptocurrencies Under Financial Services Act 2023
In a significant move, the United Kingdom has officially recognized cryptocurrencies as a regulated financial sector under the newly...
856 views0 comments
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