The bill on collection in Russia is subject to change. This initiative was made by the Prosecutor General, who has to process a shaft of complaints from citizens about illegal actions of collectors. According to the Prosecutor General, the sphere needs to be licensed instead of the previously planned creation of a self-regulatory institution.
The volume of overdue monetary obligations of citizens to banks reached 310.2 billion rubles. By July of this year, collectors had sold overdue debts worth more than 86 billion rubles. Over the past year, the cession market has grown by 30%. In 2011, we bought debts of 78.7 billion rubles, while in 2010 the total amount was 60.2 billion rubles.
A separate law that would govern the implementation of collection activities in Russia does not exist. So far, only the bill “On the collection of overdue debts”, which is being developed by the Ministry of Economic Development of the Russian Federation, is in force. However, he has not yet entered either the government or the State Duma. According to the latest edition, a self-regulatory organization should deal with the control of market participants. Continue reading
The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and silver quotes. Palladium and platinum remain outsiders amid the threat of US default. But interest in reliable assets does not exclude the possibility of correction in the near future.
On January 16, gold on the exchanges rose significantly after analysts at Credit Suisse Group and Danske Bank published their forecasts for 2013 and 2014. According to the Securities Market, the February Comex gold futures on the Comex NYSE rose $ 8, or 0.46%, to $ 1,677.10 a troy ounce.
Expert Christine Tuxen (Danske Bank) believes that the average price of gold this year will be $ 1,720 per ounce, but will drop to $ 1,600 in 2014. According to Tom Kendall (Tom Kendall) of the office of Credit Suisse in London, which leads the publication, we can expect a price of $ 1740 per ounce and $ 1720, respectively. The general opinion of foreign and Russian experts is that the average price of gold will reach record highs in 2013 due to the large volume of stimulation in various economies of the world, Prime emphasizes. So of all the precious metals, the position of gold looks the most confident. Continue reading
Swiss fortress starved
Switzerland agreed to unveil the secrecy of banking customers. To break the Swiss stubbornness regarding the inviolability of account holders was obtained from the US tax office. It is assumed that only suspicious persons will be affected, but how it will be in practice is a big question. One thing is clear – the reputation of Swiss banks will be undermined.
Water sharpens a stone. The success of the U.S. Internal Revenue Service more than proved the truth of this saying, and its employees insistently demanded that Switzerland disclose the details of customers of local banks whose activities in the homeland raise serious suspicions. As a result, a draft law was prepared in Switzerland that allows banks to open information on US citizens who hold accounts in a Western European country, as well as on third parties connected with them by financial relations. Continue reading