Countries like Algeria, Morocco, Bolivia, Ecuador, Kyrgyzstan, Nepal and Bangladesh have all issued bans—or at least begun the process—on bitcoin and other alternative currencies, in order to stamp out tax evasion and irresponsible trading.
Governance, Regulation & Compliance
The construction-equipment giant finds itself at the center of a tax controversy involving the Internal Revenue Service (IRS) and the impact of US tax reforms on domestic and international companies.
The Paradise Papers leak prompted yet more indignation about corporate tax avoidance, and cash-strapped governments claim to be tackling the issue. What will it mean for corporates?
The Basel III rules aim to decrease bank leverage and increase liquidity. In addition to capital efficiency, the rules also institute stress testing and standardize market liquidity risk.
The repeal of net neutrality sparked immediate political response from consumers, but its impact on business will be complicated, and take time to unfold and to absorb.
After 37 years of autocratic rule under former President Robert Mugabe, Zimbabwe has been left broke. Rebuilding promises to be a long, costly and tough process.
Jerome Powell is President Donald Trump’s nominee to replace Janet Yellen as chair of the US central bank. He will start his tenure in February 2018.
Prince Mohammed bin Salman put 11 princes and nearly 200 high-ranking officials, under arrest for corruption.
As the January deadline draws closer, realities of surviving in the post PSD2 are starting to dawn on banks.
The proposal includes review of additional categories of transactions, such as nonpassive investments in critical technologies or infrastructure companies.
As shariah-compliant vehicles gain traction, the agencies are increasingly willing to rate Islamic banks.
The company's steel, aluminium and copper products are used by over 500 Japanese and global firms including the likes of Nissan, Toyota, Boeing and General Motors.
The utopian vision of open banking dreamed up by the European Commission when it drafted the PSD II regulation is unlikely to emerge from day one of implementation.
Richard Nephew, a former principal deputy coordinator for Sanctions Policy at the US Department of State who now teaches at Columbia University, visited Global Finance to discuss economic sanctions, their effectiveness, and why corporate finance leaders should care.
UK regulators are probing the behavior of Barclays CEO Jes Staley for his efforts to unmask a whistleblower, raising issues of confidentiality, liability, culture and honesty throughout the banking industry.
Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.
CSX is only the latest example of shareholder activists pushing for change in leadership.
Former Canadian trade minister Chrystia Freeland will head the Foreign Ministry.