Europe
solvency II to be delayed for two years
The European Commission is to delay the implementation of the Solvency II Directive for two years until 1 January 2016.
european investors abandon bonds
European investors are finally abandoning bond funds as they become increasingly nervous about the prospect of interest rate rises, according to the latest fund flow data from Morningstar, but emerging market equities and bonds have also been hit.
swiss franc mortgage holders settlement
Investors who claim that they were missold Swiss franc mortgages to buy Cyprus properties at the height of the property boom are reportedly being offered improved out of court settlements with some of the discounts on offer now 5% higher.
Feifa partners with alt assets report provider
Investment reports on alternative assets are now available to FEIFA member companies, following new partnership between the European trade body and the Intelligent Partnership (IP).
credit suisse to withdraw from non core markets
Private bank Credit Suisse has confirmed plans to withdraw from a reported 50 countries which it considers unprofitable, while it ploughs forward with plans to orientate its business towards an ultra high net worth client base.