Asia | 5 Dec 13

BNY Mellon, which recently received a capital market services licence from the Singaporean regulator, has expanded its separately managed account business in the city-state.

Europe | 4 Dec 13

The European Commission has fined a group of eight financial institutions a total of 1.7bn (£1.4bn), for forming illegal cartels to rig interest rates.

Tax & Regulation | 4 Dec 13

Guernsey has introduced an opt-in regime for funds established in the jurisdiction but which need to be compliant with AIFMD regulations within the European Union.

United Kingdom | 4 Dec 13

Jersey’s financial services industry posted "marginal decreases" in the values of its banking and funds sectors in the third quarter of 2013, caused in part by a weakening in the value of foreign currencies against sterling, according to Jersey Finance.

Products | 4 Dec 13

Thomas Miller Investment has joined with recently formed fund promotion company Compass Global Wealth to launch a fund investing in a portfolio of structured products.