Category: ING

Monitor offshore investments, IMF tells Mauritius

The International Monetary Fund (IMF) has askedMauritius to set up a ‘macro-prudential authority’ to monitor the offshore investments from the island. One of the largest destinations of such offshore investments is the Indian stock market. The proposed authority will have a central role for the banking regulator, the Bank of… – Continue reading

UK bankers call for Budget rethink on levy

Banks have intensified their calls for George Osborne, the UK chancellor, to give them a break on the bank levy in this week’s Budget by arguing that it has already caused a 13 per cent shrinkage of UK banking assets, reports the Financial Times. Optimism is growing among senior bankers… – Continue reading

Most Dutch banks are ‘vague’ about tax avoidance: fair banking report

Seven Dutch financial institutions may be involved in evading taxes and are ‘extremely vague’ about what they do to ensure this does not happen, the Dutch Fair Bank Guide said on Wednesday. ABN Amro, Aegon, Delta Lloyd, ING, NIBC, Rabobank and Van Lanschot emerge as potential tax avoiders in research… – Continue reading