October 2016

Reference Data and LEI codes; Legal Entity Identifier Update

25 October 2016--In the rapidly moving world of reference data, LEI codes now as important as ISIN codes, CUSIP numbers.. The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code, to uniquely identify legally distinct entities that engage in financial transactions.Below extract is courtesy of 25 Oct retrospective by Michael Shashoua, the soon-to-depart editor of [...]

Panama to Crack Down On Tax Avoidance Schemes

(WSJ) 27 October -The government of Panama has officially signed up to an international agreement to combat tax avoidance and evasion, seven months after the country became the focus of global attention with the publication of a trove of leaked documents showing that one of its law firms had created hundreds of thousands of shell [...]

Hedge Funds Square Off Against German RE Firm After IPO is Pulled

Hedge Fund investors hoping for an IPO that would enable them to cash out their stakes in IVG Immobilien, one of Germany's top property companies were not only stymied when one of the EU's biggest IPOs of the year was pulled by IVG and it's underwriting banks, those investors have since become more frustrated after [...]

Azerbaijan Corporate Issuer Update: ISIN

Azerbaijan Corporate Issuer ISIN News: SOCAR< Turanbank, Unibank, AzFinance Baku, Fineko/abc.az. 06.10.2016The secondary market of domestic currency bonds of the State Oil Company of Azerbaijan (SOCAR) with ISIN-code AZ2001019895 has been opened since 18 October in the Baku Stock Exchange system. The BSE informs that completion of calculations on the placement of bonds by the [...]

Brexit Implementation Scheme: RISK OFF

Brexit Implementation has no shortage of risks for the UK's financial market future.  Per excerpt below courtesy of Reuters, as the count down clock ticks, the most recent opinion from global consultancy Oliver Wyman suggests RISK OFF for financial firms contemplating expansion within Canary Wharf or any other venue that Britain's finance aficionados are eyeing.  [...]

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