Cyprus laws set to protect offshore homeowners from bank seizure
New laws designed to protect homes from being seized by Cypriot banks are set to be passed in Cyprus following months of delays.
Guernsey removed from Italian tax blacklist
The Italian Ministry of Finance has taken Guernsey off its revised tax blacklist of tax havens as a result of improved standards on exchanging tax information.
Asian equities team at OMGI gets Hong Kong licence
Old Mutual Global Investors said its Asian equities team has received regulatory approval to operate from their Hong Kong office, marking the first time the business will have on the ground fund management capabilities in Asia.
Schroders launches flexible catastrophe bond fund
Investment management group Schroders has launched a flexible catastrophe bond fund which will invest up to 25% in private cat bonds and be able to take tactical short positions.
Australian regulator steps up financial advice probe
Australia’s corporate, markets and financial services regulator said it is investigating multiple instances of financial services firms charging clients for advice where it was not provided.