Portugal strikes Jersey and Isle of Man off blacklist
Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.
Best Practice | 6 Jan 17
UK directories urge FCA to reveal if advisers are independent
UK adviser directories Unbiased and VouchedFor have urged the Financial Conduct Authority (FCA) to publicise whether an adviser is independent or restricted.
Rotation from bonds into equities might not last long
Global growth in the second half of 2017 will help determine whether investors keep shifting assets out of bonds and into to equities, said Thomas Kwan, the chief investment officer for Hong Kong-based Harvest Global Investments.
Ex-Citibank HK banker penalised for copy-and-paste signature
A former Citibank senior personal banker in Hong Kong has been penalised for copying and pasting a client’s signature into a document to deceive the bank into accepting the signature as genuine.
Japanese insurer to replace staff with AI system
A major Japanese insurance firm is to lay off 34 staff in its payment assessment department and replace them with an artificial intelligence (AI) system this month to improve operating efficiency.