Did Europe’s regulators close ranks to keep out Hindujas? - Hindustan Times

The Hindustan Times has it all very well developed: Hinduja Group's proposed acquisition of KBL European Private Bankers, KBL epb, for $1.9 billion was nixed by the Luxembourg supervisory body, the Commission de Surveillance du Secteur Financier (CSSF). It is indeed a very intriguing decision that was taken in secrecy and it does not appear that there was a commercial reason behind the decision. If it is not a commercial reason, then it can only be fear. I exclude indeed plain simple meanness. Fear of what? Is it fear of competition, is it a reputational risk and why, is it fear of illicit activities (then prove it), or is it as the article suggests, a conspiracy of European regulators? It is clear already that it is fear of openness and transparency. Did Europe’s regulators close ranks to keep out Hindujas? - Hindustan Times

Miami-based Pacific National fined - Business - MiamiHerald.com

Miami-based Pacific National fined - Business - MiamiHerald.com

It has been in the works for some time. When OCC and FINCEN talk, they mean business.

UBS tricked Madoff victims with prospectus: lawyer - baltimoresun.com

A trickle down of tricks says the lawyer. See you on June 9th.

UBS tricked Madoff victims with prospectus: lawyer - baltimoresun.com

And then there is more: in the US Irving Picard is on the job too.

Juncker Says Euro-Area Transaction Tax Is Possible, Wort Says

Article on Bloomberg:

http://www.bloomberg.com/news/2011-03-24/juncker-says-euro-area-transaction-tax-is-possible-wort-says.html

Euro-Area Transaction Tax is possible?

Sure. The flawed policies creating the Euro, a currency without economic governance, were possible.

I trust we can put another layer on top of the monster, such as a tax to pay for the Euro's weaknesses. And why not allow some members to opt out? Everything is possible, but of course.

Luxembourg's FM in the ME

http://www.jpost.com/Features/InThespotlight/Article.aspx?id=210253

In candid, highly critical interview, Luxembourg’s FM Jean Asselborn presents window into European Left’s thinking on Israel.

Luxembourg challenged to become world leader in governance: Luxembourg for Finance

Luxembourg challenged to become world leader in governance: Luxembourg for Finance

It is not a check list issue, it is a results issue.

Luxembourg finmin blocks Libyan cenbank, LIA accounts

Yes, the finmin blocked the cenbank's account. A spokesman of the Minfin said the accounts held less than € 1 bil.

http://www.reuters.com/article/2011/03/08/luxembourg-libya-accounts-idUSBRU01135020110308