Europe
ESMA seeks input on regulating benchmarks
The European Securities and Markets Authority (ESMA) is seeking input on the technical implementation of a regulation to improve the governance and control of financial market benchmarking.
Bedell opens Luxembourg office, appoints directors
Offshore law firm and independent trust company Bedell has expanded its European presence with the opening of an office in Luxembourg; providing corporate, private equity/real estate, and private wealth administration services.
AUM hit record levels in Germany in 2015
The German fund industry experienced a record year in 2015 with total assets under management (AUM) sitting at €2.6trn (£2trn, $2.9trn).
ANALYSIS: Negative rates raise the stakes for getting it wrong
The Swedish central bank’s surprise announcement that it has pushed interest rates further into negative territory is the latest piece in what is an increasingly worrying puzzle.
Zurich posts sharp drop in 2015 profit, Greco starts in March
Zurich Insurance Group has posted what its own chief executive has called a “disappointing” set of results, recording a 37% drop in operating profit for 2015.