Company News

Argentina charges HSBC with aiding tax evasion via Swiss accounts

Argentina has charged HSBC with aiding more than 4,000 citizens to evade taxes by stashing their money in secret Swiss bank accounts, the country’s AFIP tax authority said on Thursday.

2014 firm bonus announcement / pay out dates have listed their estimates of when 2014 bonuses are likely to be announced and then paid.

EBA consults on criteria for determining the minimum requirement for own funds and eligible liabilities (MREL)

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) further specifying the criteria to set the minimum requirement for own funds and eligible liabilities (MREL) laid down in the Bank Recovery and Resolution Directive (BRRD). The aim of these standards is to achieve an appropriate degree of convergence in how these criteria are interpreted and applied across the EU to ensure a level playing field. Institutions with similar risk profiles, resolvability and other characteristics in any Member State should have similar levels of MREL. The consultation runs until 27 February 2015.

Tackling the UK’s ‘diversity deficit’ in the boardroom

“When I was growing up my career adviser gave me two options – a nurse and a teacher,” says 43-year-old Karen Blackett.

Ms Blackett, who is now the UK chief executive of global media agency MediaCom, last month became the first businesswoman to top the Powerlist 100, which champions the most influential black people in Britain.

Internal auditors must up game over new anti-corruption rules

Jeremy Wright QC MP told the Cambridge International Symposium on Economic Crime that the government will shortly publish the first national anti-corruption plan; reflecting growing concern in Westminster that numerous scandals, particularly in banking, have resulted in no individual or company being punished. . .