Foreign investors are to be allowed direct access to Indian equities, in a policy shift designed by the Indian government to increase the depth of the stock market and increase foreign inflows into the country.
Galia Maor, who has headed Tel Aviv-based Leumi Group for the past 16 years, announced on Sunday that she will leave her post in the second quarter of the year.
IFA firms passporting into the UK will apparently not be subject to the FSAs Retail Distribution Review, according to the EU Commissioner for Internal Market and Services.
Guernsey has signed a Tax Information Exchange Agreement (TIEA) with India, the 13th with a G20 member.
The Monetary Authority of Singapore (MAS) has fined UOB Asset Management S$50,000 for failing to issue monthly statements to its customers over a six year period.
Tokyo-based Nikko Asset Management has broadened its reach in Asia, with the announcement of a joint venture with Indian company Ambit Holdings Private Limited.
The UKs High Court has ruled that pensions reciprocation plans, whereby members are able to access cash before they reach age 55 by borrowing against their pension, are illegal.
Old Mutual, the parent of Skandia International, is to sell its Nordic Skandia businesses to Skandia Liv for £2.1bn, to cut its debt.
Collins Stewart Hawkpoint is to be bought by Canadian brokerage firm Canaccord, in a deal expected to be worth £250m.
Four men who created a tangled web of financial transactions across the globe in an attempt to launder $15.5m stolen 11 years ago from a German bank have been jailed.
An unlicensed adviser was today fined HK$20,000 and given a community service order of 80 hours, for advising on securities via the social networking website Facebook.
The Internal Revenue Service said that it plans within days to release new forms intended to enable Americans to begin complying with some of the new reporting requirements being brought in by the Foreign Accounts Tax Compliance Act.
