The Commodity Futures Trading Commission (CFTC) has extended the comment period on its proposed amendments to Regulation 4.22, which concerns the Annual Report that each commodity pool operator registered or required to be registered with the CFTC must distribute for each commodity pool that it operates.
Nowadays more and more people are becoming aware of PPI claims. A PPI claim is made in order to receive compensation. Some of the lenders mis-sold PPI to numerous people through unethical ways and that too without making the buyers familiar with the various conditions. Before making the claim it is imperative to make sure that you have complete documents. However many customers who claim back compensation for mis-sold Payment Protection Insurance initially are unable to find the loan or agreement number. In such cases many banks simply turn down claims where the customer fails to provide a loan or card number. Millions of people naturally have lost or got rid of old papers so this is a common story. We know banks can find a customer. By using a date of birth and some other security details banks can locate customers with ease. However, banks will obviously not search too hard if there is a PPI claim for compensation. Asking the enemy for ammunition is never going to work. Some banks will process the claim but many simply respond saying 'tough luck we can't find you'. The best method of locating your agreement numbers is by first having a look and see if you do have any old paperwork. Sometimes a bank statement can show an agreement number under a monthly debit. The next best thing is to simply telephone the bank and ask for the account number. Simply by saying that you need the account number for personal records can assist and often banks will give the number over the telephone. The other approach is to pay a 10.00 fee under data access and banks are obliged to disclose all the paperwork. This can help because the actual credit agreement which a customer signed at the time the PPI was sold will be disclosed. It can help when making a claim. Once a customer has the loan or card number then the ball starts rolling in the right direction. The extra bit of work is worth it because there is a lot of money to be reclaimed. And still if in case you are unable to find out the policy number then you can take the help from several well known PPI claims companies. While browsing the internet you can find out several reliable claims companies that can help you in claiming back compensation for mis-sold PPI. The reliable PPI claims company checks every loan, credit card account number. After collecting all the appropriate information then they make a Payment Protection Insurance claim. The company can ask you to provide a copy of your old bank statements in order to verify what the lender owes you. Some of the companies also offer the free credit checking facility in case you are unable to find out the account number. With the help of this you can get a complete credit report. Thus by opting for a reliable claims company you can get your hard earned money back. Source by Devjeet K Singh
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order of Registration to Seed SEF LLC (Seed), of Chicago, Illinois, granting it fully registered status with the CFTC as a Swap Execution Facility (SEF).
What is ethical accounting? The idea of accounting ethics deals with the moral and values-based judgments and decisions an accountant or accounting agency confront daily in their practice. Due to the nature of their work as communicators of financial information to business managers, shareholders, and the general public, as well bookkeeping and auditing of business entities, accountants and accounting agencies are held to the highest standards of transparency and morality in regards to their research and the information they convey. Accounting can be used as a way to study how and why a business may succeed or fail, but above all it is a public service; those who practice it must make judgments and decisions that can sometimes supersede the interests of their clients in favor of the interests of the public at large. Failure to apply ethical standards to accounting creates the opportunity for manipulation of facts and information that, if used to mislead, could cause a person to invest under false pretenses, or a business to represent its finances fraudulently to its shareholders. It is of the utmost importance that the public be able to trust accountants and accounting, because their financial future, and that of their family or business, could be at stake. Why is it important that accountants and accounting firms be ethical? Over the years there have been several large accounting scandals in the United States, and in the world at large, which caused private investors and public shareholders to lose billions of dollars, and giant businesses and accounting firms to fold, because of falsified or incorrect information given out about the companies in which the money was invested. The Enron scandal is perhaps the most recent and glaring example of unethical accounting causing widespread negative effects, including the loss of $25 billion in shareholder assets, the closure of the Arthur Anderson auditing firm, and the subsequent loss of 85000 jobs when the unethical practices were reported and the company dissolved. Ethical accounting is not only important to private businesses or individuals for reliable information about their respective financial states, but has a responsibility to the public to provide transparent evaluations of publicly held business entities. Ethical accounting can help eliminate the serious problems raised when incomplete or incorrect information about business or individual is disseminated, saving money and jobs and helping to increase stability in financial markets.
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Low Return-on-Asset Ratio It is always essential for management to monitor the company's finance, including earnings also expenses on a typical and regular foundation to create choices on where to invest the business's funds. A reduced return on assets ratio indicates that unsuccessful or insufficient handling of interest margin, noninterest earnings and expenses, and loan reduction reserves is present. Finance companies have now been focusing to receive a higher part of net income from noninterest earnings by providing various other solutions, eg insurance coverage or brokerage. Costs are another supply of noninterest earnings for banking institutions. When noninterest expenses (eg expense or advertising expenses) go beyond noninterest earnings however, then your return on assets declines. A reduced return on asset can certainly be brought on by high loan losses. This usually takes place when banking institutions provide financial loans to people who default on their repayments, particularly in instances when economic conditions are less favorable. The internet interest margin of a bank is influenced by a lot of different aspects including, but not limited to: interest earnings, non-interest earnings and expenses, loan reduction reserves. Poor management regarding some or all of these aspects result in a low net interest margin and reasonable (if any) net income. The partnership involving the ROA and ROE Return on assets and return on equity are both steps of a bank's overall performance. As stated above, the return of assets for a bank is influenced by aspects interesting earnings, non-interest earnings and expenses, loan reduction reserves. Poor management regarding some or all of these aspects result in a low net interest margin and reasonable (if any) net income. The essential difference between the ROA and ROE of a bank usually return on equity is based on the return on assets and is based on the monetary control of a bank (that is increased by the lender's return on assets to equal the return on equity). There is not an immediate commitment involving the ROA and ROE. As the ROA high, the ROE is a lot lower and still decreasing. Influence on the credit choice in the loan profile therefore the investment profile Credit choices in the investment profile from the stand point of a trader should-be predicated on a bank's return on assets to measure its overall performance, and in addition on its return on equity, that is closely about the financial institution's monetary control. The reduced a bank's monetary control, the higher how much money the financial institution just holds in reserves and does not loan off to folks or invest. As an investor, it is essential to realize a bank holds adequate money in reserves to spend interest to its people. The reduced a bank's return on assets the greater amount of high-risk it is to buy any securities issued by that lender. Credit choices in the loan profile from the stand point for the lender shouldn't be also conservative, and thus the financial institution will only give out financial loans to people who have a low chance of defaulting on loan repayments, which may result in a low interest earnings and lower lender's ROA. However, financial loans shouldn't be provided to any or all often, considering that the threat would-be higher to bear loan losses, which may lower a bank's ROA and. Hence, in times of less favorable economic conditions, banking institutions should-be much more conservative of offering financial loans to folks and the other way around to attenuate the risk of incurring loan losses considering payment defaults by consumers. Through the stand point for the FDIC: Why is the administrative centre place important? The administrative centre place of a bank is essential from the stand point for the FDIC, because capital is an indication of a bank's power therefore the higher a bank's capital (leaving all the aspects equal), the low the risk of that lender inducing the consumer losses. The Federal Deposit Insurance Corporation insures customers to some their funds whenever a bank fades of business or files personal bankruptcy. Hence, a bank's capital place is essential to the FDIC, exactly how likely it is for the lender to go away from business (including) and work out the FDIC spend the banking institutions customers' funds straight back, that your FDIC clearly would like to avoid.