News
Luxembourg deepens ties with China, signs up two more banks
China Everbright Bank and Shanghai Pudong Development Bank, have confirmed plans to set up a presence in Luxembourg to serve the European market which, when given regulatory approval, will bring the total number of Chinese banks in the Grand Duchy to eight.
Middle East | news 28 Oct 16
New UAE mutual fund rules to come with a sanctions regime
New mutual fund registration rules introduced by the UAE’s Securities and Commodities Authority (SCA) in August, and currently within a six-month implementation grace period, are expected to come with a series of sanctions for breaches of the regime.
Morgan Stanley vows to keep commissions despite US reforms
Morgan Stanley, one of the largest wealth management firms in the US, has confirmed it will keep commission-based retirement accounts when the Department of Labour’s (DoL) fiduciary rule comes in to effect in April.
Retirement | news 27 Oct 16
Australian Rops get STM super boost
STM Group Australia’s managing director Stuart Denness is looking to re-energise and reinvigorate the country’s recognised overseas pension scheme (Rops) market following two years of uncertainty.
Deutsche Bank profits surprise, litigation continues to weigh
Deutsche Bank posted a net profit of €278m (£249m, $303m) for the third quarter, beating analyst expectations and keeping the wolves at bay, for now.