India: Landmark Reform To Unify Taxes

India | The Indian parliament’s adoption of a constitutional amendment bill has paved the way for the biggest tax reform in the $2 trillion economy’s history, as Narendra Modi’s  government prepares to usher in a dramatic change in the tax regime: a single goods and services tax (GST) that subsumes all central, state and local levies.

FX Scandal Drives New Trading Methods

Following the FX benchmark rate-fixing scandal, which saw six banks fined almost $6 billion, currency traders at corporate and financial institutions worldwide are revising how they execute transactions.