two major hk banks reported reviewing ilas
Two of Hong Kong’s ‘big four’ banks are “said to be reviewing their policies on the sale of investment-linked assurance schemes” with a view to promoting them more actively, in one case, and resuming their sale in the other, a Hong Kong daily is reporting.
ec fines banks 1bn over interest rate rigs
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 introduces dual regime to allow
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 bank deposits funds aum
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.
fund of structured products set for january
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.