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3/21/2019

Federal Reserve dovishness on interest rates has prompted the euro to break out of a downtrend against the US dollar. The euro looks capable of gaining further but might meet resistance at the 200-day moving average, technical analyst Blake Morrow writes.

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Forex Analytix
3/21/2019

"Hopefully, your organization has a fraud response plan that assigns specific duties and responsibilities," writes IIA President and CEO Richard Chambers. "But if not, don't automatically assume that, as an internal auditor, you should undertake a fraud investigation single-handedly or that you should lead a fraud investigation team yourself."

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Richard Chambers
3/21/2019

Technology has become a key part of marketing, requiring executives in the area to understand its applications, says Raja Rajamannar, chief marketing officer at Mastercard. The company's decision to remove the name from its logo was partly tech-driven, as online stores provide little space for logo displays.

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AdExchanger
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Raja Rajamannar, MasterCard
3/21/2019

Retirees who delay taking Social Security beyond full retirement age are eligible to receive up to six months of benefit payments in a lump sum in addition to their monthly payments, writes Mary Beth Franklin. However, she notes there are several trade-offs, including increased tax liability and the possibility of increasing income to a level that triggers high-income surcharges on Medicare premiums.

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Mary Beth Franklin, Medicare
3/21/2019

A Basel Committee on Banking Supervision survey of 189 banks finds all of them are progressing toward compliance with capital and liquidity rules under Basel III.

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Basel III, Basel Committee
3/21/2019

Morgan Stanley had the most commodity revenue among the 12 largest investment banks during 2018, followed by JPMorgan Chase, with Citigroup and Goldman Sachs sharing third place, according to Coalition data. Revenue from commodity trading, derivatives sales and other activities at all 12 banks increased 45% compared with 2017, reaching $3.6 billion.

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Reuters
3/21/2019

UK Prime Minister Theresa May says "political games" played by Parliament have forced her to request a three-month delay of Brexit. She has suggested she would rather resign than request a longer postponement, and some members of her party say she should step down immediately.

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Theresa May, Parliament, Parliament
3/21/2019

A concern of UK financial firms is the possibility that a no-deal Brexit forces assets to shift to venues with less liquidity from markets where they trade. The problem is avoidable if the UK and the EU deem each other's trading venues equivalent, but that hasn't happened.

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Practice Insight
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Brexit, EU
3/21/2019

An EY tracker indicates the UK financial sector is moving £1 trillion in assets to the EU to prepare for Brexit, up from a January estimate of £800 billion. "Continued uncertainty will undoubtedly lead to more assets and people being transferred from the UK and not necessarily to the EU," says Omar Ali, UK financial-services leader at EY.

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EU, Omar Ali
3/21/2019

European exchanges are lobbying EU officials to change rules governing access to the $1.5 trillion-a-day market for exchange-traded derivatives. Markus Ferber, one of the lawmakers behind the revised Markets in Financial Instruments Directive, is urging the European Commission to "check very carefully if the 'open access' provisions will indeed work as intended" after Brexit.