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Working Capital – The Lifeblood Of Business

 
Working Capital - The Lifeblood of Business

Working capital is the life blood of the organisation, but what is it? A business’s working capital is the amount in liquid assets a company has available to build its business. The number can be positive or negative, depending on how much debt the company is carrying. In general, companies that have a lot of working capital will be more successful since they can expand and improve their operations. Companies with negative working capital may lack the funds necessary for growth. Net working capital is usually calculated by subtracting current liabilities from current assets.

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The Single Euro Payments Area – What You Need To Know

 
253 The Single Euro Payments Area What You Need To Know

The Single Euro Payments Area (“SEPA”) is an EU initiative which will change electronic payment processing across Europe from 1 February 2014. SEPA will cover payments between 28 EU member countries plus Iceland, Liechtenstein, Monaco, Norway and Switzerland.

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Central Bank Of Ireland Launches AIFMD Regime

 
235 Central Bank Of Ireland Launches AIFMD Regime

May Announcement

On 15 May 2013, the Central Bank of Ireland announced that it would be accepting applications for the authorisation of alternative investment fund managers (“AIFMs”). Ireland is the first European regulator to do this and it will enable Irish-authorised AIFMs to avail of the AIFMD passport from 22 July 2013. The Central Bank has issued formal applications, an “AIF Rulebook” and an AIFMD questions and answers document that will serve to clarify the policies.

FSA Introduces New LIBOR Rates Regulations

 
FSA Introduces New LIBOR Rates Regulations

The Financial Services Authority (FSA) has introduced new regulations in respect of application of LIBOR (London Inter-Bank Offered Rate) rates.

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Appointment Of Receivers In England & Wales – The Essential Facts

 
Appointment Of Receivers In England

When Is A Receiver Appointed? 

Receivers may be appointed by secured creditors as a means by which they can enforce their security. The appointment of receivers by banks to companies in default of mortgage repayments has featured quite frequently in news reports over the last number of years.

FATCA For The UK?

 
FATCA For The UK

Revisiting FATCA 

In our recent blog post Does FATCA affect your business?, we provided an overview of the US FATCA legislation and the resulting obligations, when it comes into force on 1 January 2013.

Vital Information On Certificates Of Good Standing

 
Vital Information On Certificates Of Good Standing

A Certificate of Good Standing (COGS) is a document which indicates that a Company is in continuous existence since its date of incorporation and that all Annual Return filings for the Company are up to date.

Ireland’s Improvement Of Client Asset Protection

 
Ireland’s Improvement Of Client Asset Protection

In March last, the Central Bank of Ireland published its Review of the Regulatory Regime for the Safeguarding of Client Assets, declaring its plans to strengthen the protection of client assets held by investment firms.

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Lehman Brothers & Client Money – The Supreme Court Decision

 
Lehman Brothers & Client Money – The Supreme Court Decision

The Facts

Lehman Brothers International (Europe) (LBIE), the principal European trading company in the Lehman Brothers group, regulated by the Financial Services Authority (FSA), was placed in administration in 2008, following the bankruptcy of Lehman Brothers Holdings Inc. The administrators sought the assistance of the UK Supreme Court to interpret the FSA’s Client's Assets Sourcebook Chapter 7 (CASS7) and the treatment of funds that had been paid to LBIE before it entered administration.

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The International Battle Towards Banking Transparency

 
The International Battle Towards Banking Transparency

In recent years, in an effort to crack down on international money laundering and tax evasion, nations like the United States, Germany and the UK began investigating just how widespread the practice was. With the assistance of international organisations like the Financial Action Task Force (FATF) and the Organization for Economic Co-operation and Development (OECD), US and European Governments began putting pressure on not only the Swiss, but also tiny Liechtenstein and small Caribbean island nations.

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