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.
Middle East | 4 Dec 13
ioms boston group launches multi office
The Boston Group, an Isle of Man-based multi-family office, trust company and tax advisory business, has announced that it has launched a multi-family office and trust services operation in the Gulf.