Tax & Regulation | 10 May 12
singapore authority relaxes rules on sale
The Monetary Authority of Singapore has reduced the number of investment funds which are subject to new investor protection rules which came into force at the beginning of this year.
North America | 10 May 12
most banks will miss fatca deadlines
“Many” US and global banking industry executives believe that the majority of banks required to comply with the Foreign Account Tax Compliance Act (FATCA) will not be ready to meet its deadlines some of which begin on Jan. 1, 2013, a survey conducted by KPMGs US operation has found.
now hsbc is looking to sell latam operations
HSBC Holdings, the London-based banking giant that has been shedding regional operations for months, said today that it is in talks aimed at selling its operations in Colombia, Peru, Uruguay and Paraguay.
People Moves | 10 May 12
legal general appoints successor to breedon
Legal & General has appointed Nigel Wilson as its new group chief executive to succeed outgoing chief Tim Breedon.
ishares launches eight european sovereign
As the eurozone deals with the ramifications of two incumbent presidents’ departures at the weekend, US giant iShares has expanded its fixed income range with eight single country eurozone sovereign debt funds.