United Kingdom
FBI operation delayed shutdown of defunct British DFM
Insolvent discretionary fund manager Beaufort Securities was given a stay of execution by the UK regulator to allow the Federal Bureau of Investigation to finish its undercover operation, it has been revealed.
China’s wealthy send $172bn offshore in three years
A “staggering” $172bn in Chinese funds have been deposited offshore by non-bank institutions in just three years, according to a report by Knight Frank.
MP brands Blackrock ‘schizophrenic’ over Carillion
Blackrock has defended itself against charges from a parliamentary select committee that it was “schizophrenic” in its holdings of Carillion, taking both long and short positions.
Best Practice | 8 Mar 18
Are life cos ready for looming IoM Conduct of Business Code?
It is now less than a year until the Isle of Man Conduct of Business Code comes into force, International Adviser spoke to several firms headquartered on the island to see how they are preparing for the introduction of the regulation.
Aviva fires up Hong Kong joint venture with Tencent
Aviva Asia will launch a Hong Kong joint venture in the first half of 2018, as the group shifts its investment focus to high growth markets.