ima warns aifmd could create fortress around Europe
The UKs Investment Management Association has warned the ESMA that the advice it gives to the European Commission on how implement the AIFMD must be workable.
Regions
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close targets expansion despite losses in asset management arm
Close Brothers said it plans to continue its focus on growth and development despite reporting a loss in its asset management division for the full year.
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two fined hk$47,000 by sfc for advising without a licence
Two men purporting to be qualified financial advisers have been fined a total of HK$47,000 by the SFC.
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hong kong and new york close gap with london as worlds leading financial centre
London remains the world’s leading financial centre but the gap between the top three has closed with New York in second place and Hong Kong third.
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wave of m&a activity expected by chinese financial firms
More than 75% of Chinese financial companies are considering completing M&A in the Asia region in the next 12 months.
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half of asias middle-income earners plan more insurance this year
More than half of middle-income earners in Asia said they intend to buy additional insurance products in the coming year.
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sfc issues second warning over deepening financial crisis
The SFC has released its second warning to investors in less than a week, after stock markets around the world fell yesterday.
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unclear rules pose mena challenge: survey
The unclear and changing regulatory environment poses the greatest challenge for advisers based in the Middle East and North Africa region.
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pwc hong kong plans expansion
PricewaterhouseCoopers has announced plans to tap into the growth of Hong Kong as an asset management hub.
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canadian finance minister protests over us tax crackdown
Canadas finance minister has criticised the US for its aggressive pursuit of Canadians as part of its ongoing crackdown on overseas tax evasion.
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tax gap falls but hmrc still lose £35bn
The amount of tax revenue lost in the 2009/10 tax year in the UK fell by £4bn but still reached £35bn.
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barclays wealth hires two in Asia
Barclays Wealth has made two senior appointments to its global research and investments team in Asia.