Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Osborne losing the fight against bank bonus cap

The second day of the Eurozone finance ministers’ meeting in Brussels opened with a discussion on limiting bonuses for bankers to 100% of basic salary. British Chancellor George Osborne is almost alone in his resistance to the move.

The European Comission’s provisional proposal to restrict bankers’ bonuses, aimed at preventing an outbreak of another crisis such as the mortgage meltdown of 2008, was issued last week and encountered an immediate opposition from British officials. They main worry is that the bonus cap would have a adverse effect on the competitiveness of the City of London as a global financial center.

Germany, Sweden and the Netherlands, on the support of which the UK was counting, have already backed the proposal. France is the most persistent in its effort to push it through. Yesterday French Finance Minister Pierre Moscovici said: “Everyone must live with what is on the table. I told George Osborne, when I was in London, these moral rules apply to everyone, even the City.”

The Eurozone finance ministers are also expected to discuss extending the maturity of bailout loans for Ireland and Portugal.

Forex: USD/CAD trading negatively at 1.0265/66

The USD/CAD has oscillated in a 26-pip range 1.0254 - 1.0280) Tuesday, as the pair has seesawed back and forth during European trading. In its most recent move, the cross is moving into a trough at 1.0265/66, down a tepid -0.09% at the time of writing.
Read more Previous

EC may request changes in budget supervision

The Ecofin recently accepted a verdict, granting new powers to the European Commission to monitor the national budgets of euro zone countries in an ever-growing battle of mounting debt on the continent. As such, these countries were obliged to send their draft budgets for the following year to Brussels by October 15 last year, prior to parliamentary approval.
Read more Next