Europe
cisi warns austrian meps to stop meddling
More than half of financial services practitioners surveyed by the Chartered Institute for Securities & Investment believe bonuses should be set by banks’ shareholders, not politicians as the group calls on Austrian MEPs to “stop meddling”.
switzerland closes agreement with us over fatca
Switzerland has adopted a simplified version of the US government’s FATCA tax legislation which was agreed by the two countries earlier this year.
silverfleet to acquire guernseys ipes
Silverfleet Capital, a London-based private equity firm, has agreed to buy Guernsey-based Ipes, the fund administration and outsourcing services company, in a £50m transaction from RJD Partners, which paid £25m for it in 2008.
luxembourg would consider greater banking
Luxembourg’s finance minister has said the country would consider making its banking sector more transparent, according to media reports.
devere licence ends in belgium
The deVere Group has ceased to be regulated by Belgium's Financial Services and Markets Authority, as of the end of March, and today announced a reorganisation of its European operations.