Industry
UK platform inquiry a ‘red herring’ says Novia CEO Vasilieff
The Financial Conduct Authority’s (FCA) inquiry into online platforms risks focusing on the wrong issues and could fail to yield a good result for clients, according to industry expert and Novia chief executive Bill Vasilieff.
Chinese robo-adviser expands overseas
Beijing-based robo-adviser Xuanji has announced plans to launch a fully-automated portfolio service in Asia, its first foray outside China.
Italian tax police demand details of 10,000 Swiss accounts
Italy’s tax police have asked Switzerland’s Federal Tax Administration for information regarding €6.7bn (£5.9bn, $7.7bn) that has been deposited in the country by Italian citizens.
FCA signs cooperation agreement with Hong Kong regulator
The UK Financial Conduct Authority (FCA) has signed an agreement with the regulatory authority in Hong Kong to strengthen cooperation and facilitate the exchange of information.
Generali disposes of insurance arms in two LatAm countries
Generali is selling its businesses in two Latin American countries as part of its plan to exit weaker markets to slash costs and boost profits.