"The IMA proposes the use of a reserve policy and three year forecasts. If adopted, our model would provide greater certainty to firms about future levies, smooth exceptional claims and ensure the right person pays."
France's prosecutor has asked an investigating judge to question jailed swindler Bernard Madoff and Swiss bank UBS as part of a probe of investor losses from Madoff's multibillion-dollar Ponzi scheme, a judicial source told Reuters.
In a statement, the bank said, "Our investigations into submissions, communications and procedures relating to the setting of Libor and other interest rates are ongoing. RBS and its employees continue to co-operate fully with regulators."
In response to continuing concerns raised by foreign financial institutions, the IRS has issued new guidance further delaying a number of the FATCA implementation deadlines in the form of Announcement 2012-42 (the “Announcement”), offering FFI
The free app, available now on the App Store, is an interactive and robust legal tool designed to help investment bankers, CFOs, in-house counsel and other members of management as they consider global listing options.
“Gupta held positions of extraordinary privilege and prestige,” said Assistant US Attorney Richard Tarlowe in a court filing Wednesday, according to the Wall Street Journal.
Adoboli, 32, faces two counts of fraud and two of false accounting, which he denies