Regions
Singapore kick-starts cross-border initiatives with China
Singapore is set to kick off a number of initiatives which aim to bolster financial cooperation with China, including doubling the city state’s renminbi qualified foreign institutional investor (RQFII) quota.
Alternatives | 10 Nov 15
Asset managers fear AIFMD fails to deliver investor protection
Concerns that the Alternative Investment Fund Managers Directive (AIFMD) does not offer enough protection to investors has been one of the most persistent responses from European asset managers this year, according to new research.
MetLife targets under insured Gulf middle class
The expanding middle classes of the six Gulf Cooperation Council nations in the Middle East offer many attractive growth opportunities due to the current low penetration of insurance products, says Theodor Alexandrescu, general manager of MetLife Gulf.
Middle East | 6 Nov 15
Oil price fall sees S&P cut ratings on main Saudi banks
The sharp fall in oil prices and the impact it will have on Saudi Arabia’s government finances led ratings agency Standard and Poor’s to cut its credit rankings for eight of the country’s major banks on Friday.
United Kingdom | 6 Nov 15
Culling UK deed of variation ruling puts families ‘at risk’
Abolishing the UK’s deed of variation legislation as a means of tackling tax avoidance could risk causing distress to bereaved families, warned the Association of Taxation Technicians.