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 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.
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.
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.
Alibaba executive chairman Jack Ma stood side by side with president-elect Donald Trump on January 9 to tout Alibaba plans that would “create one million [US] jobs.” Turns out, the plans are to support exporters, which may or may not create jobs in the US.
CFOs are now so consumed by the need to meet expanding compliance requirements, they’re finding it harder to focus on big-picture strategy.
India's demonetization drive is having huge impact on India’s $ 2.2 trillion economy, wreaking havoc on business operations.
The Coca-Cola Company, one of the most identifiable international brands in the world, is changing its leadership.