Finance Ministry news and trends

UK’s Request To Expand Market Access After Brexit Isn’t Likely In Near Term
Brexit // September 04, 2018

The U.K.’s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters, citing Levin Holle, director general of financial markets policy in Germany’s finance ministry, reported that request won’t be met any time soon....

More Arrests In Punjab National Bank Diamond Fraud Case
Security & Fraud // February 20, 2018

India’s police took more action in their investigation of the loan scam at Punjab National Bank (PNB), arresting three more employees of the bank. According to a report in Reuters citing police and local media reports, two of those arrested in the latest move in...

Russia To Regulate Cryptocurrencies, Says Finance Ministry
Digital Payments // September 11, 2017

At the same time that China is reportedly gearing up to shut down bitcoin exchanges in the country, Russia is moving to regulate the burgeoning cryptocurrency market. According to a news report in Reuters, Russia’s Finance Minister, Anton Siluanov, said late last week that it...

Quick Reads
Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs

June 28, 2020
As the fallout from Wirecard’s troubles unfold, Germany’s deputy finance minister has called for radical solutions to fix how accounting firms are regulated, the Financial Times reported. The government is expected to end its contract with the Financial Reporting Enforcement Panel (FREP), the country’s accounting watchdog, as early as Monday, sources told the Times. “We […]

UK’s Request To Expand Market Access After Brexit Isn’t Likely In Near Term

September 04, 2018
The U.K.’s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future. Reuters, citing Levin Holle, director general of financial...

More Arrests In Punjab National Bank Diamond Fraud Case

February 20, 2018
India’s police took more action in their investigation of the loan scam at Punjab National Bank (PNB), arresting three more employees of the bank. According to a report in Reuters...

Russia To Regulate Cryptocurrencies, Says Finance Ministry

September 11, 2017
At the same time that China is reportedly gearing up to shut down bitcoin exchanges in the country, Russia is moving to regulate the burgeoning cryptocurrency market. According to a...