Garanti Bank in Luxembourg has successfully submitted the latest monthly FinREP reports in XBRL format to the regulators using FRSGlobal FinancialAnalytics application. Garanti Bank is the third largest private bank in Turkey and provides retail, commercial, corporate and private banking
The Federal Reserve has announced that total personal debt has risen to $2.6 trillion an increase of $15.3 billion from the previous month's results. This also brings the annual debt increase to 7.2 per cent and marks the fastest expansion
US banks are to be obliged to secure more capital as protection against future credit squeezes, a watchdog has said. The Securities and Exchange Commission (SEC) has made the move with the backing of government officials and the Federal Reserve,
The inauguration of Dmitry Medvedev as Russian president could signal a move to create a regulatory infrastructure to boost significantly investment from Western markets, according to international law firm Orrick, Herrington & Sutcliffe. Factors such as the current insolvency laws
The UK's financial regulator is set to crack down on insider trading in banks, the body has claimed. According to the Financial Services Authority (FSA), more of the illegal deals are to be brought before courts in criminal cases. The
JPMorgan Investor Services is extending its Compliance Reporting Services product to assist clients in monitoring their Socially Responsible Investment (SRI) restrictions. Through Web based technology, JPMorgan institutional and asset manager clients will now be alerted when their portfolios are nearing
The SWX participant Socit Gnrale, Paris, has violated provisions of the SWX Swiss Exchange on the registration and deputisation of traders. The Sanction Commission of the SWX Swiss Exchange has imposed a fine of CHF 30,000 against Socit Gnrale, Paris,
A new report from Aite Group, LLC examines the fraud management strategy of US financial institutions today, and how it is expected to evolve over the next three years. Based on Aite Group's survey of 13 US banks and credit
The European Central Bank (ECB) has published the second issue of its report entitled "Financial Integration in Europe". The main purpose of this annual publication is to contribute to advancing European financial integration. In addition, the report aims to raise
TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), dedicated to providing business applications to the banking, insurance and capital markets industries, has revealed that TCS BαNCS Core Banking is developing additional functionality in support of US