HALISTER1: Swiss AG Plans to Prosecute More Firms for Corruption: Le Temps

Swiss AG Plans to Prosecute More Firms for Corruption: Le Temps

(Bloomberg) -- Switzerland will pursue more cases against banks and companies involved in corruption and money laundering by using article 102 of Criminal Code, Swiss Attorney General Michael Lauber says in interview with newspaper Le Temps.
  • Effort intended to “protect the financial markets” by applying article 102, which can be used to criminally prosecute a company that doesn’t report an employee’s actions: Lauber
  • Article 102 can also be used if company has not taken “reasonable and necessary” measures to prevent money laundering and corruption
  • Corporate leaders must say “it is better to denounce than sweep problems under the carpet”: Lauber
  • Little-used article 102 provides for maximum fine of 5 million Swiss francs: Le Temps
  • Lauber says he would like to “eventually” have a Swiss law protecting corporate whistleblowers
NOTE: Switzerland, Singapore Target UBS, Falcon Bank in 1MDB Crackdown
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
181586Z UH (Abu Dhabi Investment Authority)
0851191D MK (1MDB Global Investments Ltd)

People
Michael Lauber (Swiss Federal Office)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Reuters Top News: Peru prosecutors say can convict ex-president of money laundering reut.rs/2eqwnrz pic.twitter.com/ADjzJpQyye

Reuters Top News: Peru prosecutors say can convict ex-president of money laundering reut.rs/2eqwnrz pic.twitter.com/ADjzJpQyye

Alert: HALISTER1
Source: TWT (Twitter)

Topics
Major Media Tweets
Twitter Verified Handles

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: UST 10Y Yield May Extend Rise After Stimulus Clarified: Barclays

UST 10Y Yield May Extend Rise After Stimulus Clarified: Barclays

(Bloomberg) -- Barclays sees 10Y U.S. Treasury yields trading at 2%-2.25% in near term before they drift higher and recommend shorting 2Y sector and 5s10s30s fly, analysts including Rajiv Setia, write; view term premia higher under Trump, reflecting higher inflation risk premia, uncertainty.
  • Near-term 10Y view maintained until more clarity on Trump fiscal stimulus extent
  • Recommend short 2Y USTs at 0.89%; front-end yields not yet fully repriced, see 1% Fed funds by mid-2018 as too low
  • Recommend shorting 5s10s30s fly; in post-election market repricing 5s10s should have steepened more than 10s30s, view 10 years as “long enough” for effect of potential higher neutral rate to be fully reflected
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Rajiv Setia (Barclays PLC)

To de-activate this alert, click here

UUID: 7947283