regulator casts net wider than etfs
The European Securities and Markets Authority has published its long-awaited consultation paper on ETFs, extending proposals to all Ucits vehicles engaging in ETF-like practices.
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aviva sells life arms in eastern europe
Aviva plans to sell its Czech Life, Hungary Life and Romania Life & Pensions businesses to US insurance giant Metlife, according to a London Stock Exchange announcement.
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qatar and luxembourg forge closer ties
The Qatar Financial Centre Authority and Luxembourg for Finance held a joint seminar in Doha yesterday, to explore ways the two countries can work together.
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us seen bowing to pressure on fatca
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
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three jailed for E22m swiss bank fraud
Three British men have been jailed for defrauding Swiss private bank EFG of 22m.
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investors ditch mutual funds
European investors sought no shelter for their cash in mutual funds in 2011, with outflows for the year totalling 119bn across equity, bond and money market funds.
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investec adds to wealth management
Banking group Investec continues its programme of wealth management acquisitions with the buy-out of Irish wealth manager Neontar Ltd.
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vanguard overcomes delays to launch
Vanguard is set to list its first exchange-traded products in Europe following delays with regulators and concerns about market conditions for launch, Portfolio Adviser understands.
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guernsey pins qrops hopes on new regime
The States of Guernsey is to introduce a completely new, one-size-fits-all pensions regime, open to islanders and non-residents alike, in an effort to ensure the survival of its thriving QROPS industry.
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new antimoney laundering guidelines
A new set of guidelines on anti-money laundering and counter-terrorist financing has been published by the Securities and Futures Commission in Hong Kong.
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blackrocks elliot takes on emea role
With the aim of driving its business across Europe and the Middle East, BlackRock has made a significant management change by shifting Mark Elliott from the UK into the region.
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renaissance acquires two further griffin funds
Emerging Europe, Russia and Africa specialist investor Renaissance Asset Managers has acquired two further funds from Griffin Capital Management.