The growing potential for GCC-UK financial partnerships in the context of the changing global economy will be the focus of a conference to be organised by the Dubai International Financial Centre (…

Renowned global law firm K&L Gates LLP recently established its 33rd office worldwide – and the firm’s first in the Middle East – following the granting of a licence to operate in the Dubai International Financial Centre (DIFC).

Meanwhile, a proposal by British Prime Minister Gordon Brown for a tax on global financial transactions got a lukewarm response, with the United States offering no support. A month before the December 7-18 Copenhagen conference, …

“We should discuss whether we need a better economic and social contract to reflect the global responsibilities of financial institutions to society,” Brown told the G20 meeting. “There have been proposals for an insurance fee to …

G-20 finance officials pledge to maintain economic stimulus measures until recovery from the global crisis is assured and ask the IMF to assess whether countries are on track to avoid future problems.

But Mr. Brown is now suggesting “an insurance fee to reflect systemic risk or a resolution fund or contingent capital arrangements or a global financial transaction levy.” Supporters of a tax had argued that it would reduce the …

Global Leveraged Speculation Upsurge, Financial Crisis Not Over :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.

ST ANDREWS, Scotland — Britain pressed the G20 on Saturday to come up with a plan to make banks pay for any future bailouts but one idea of imposing a global financial transactions tax was immediately shot down by the United States.

ST ANDREWS, Scotland (Reuters) – Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.

Earlier Saturday, British Prime Minister Gordon Brown told finance ministers it was time to consider a global financial levy, such as a tax on transactions or an insurance fee, that could support a “resolution fund” as a buffer against …