News
Macro Views | news 20 May 16
Fintech challenge good for banks, says Moody’s
The rise of fintech firms has highlighted a digital shift in financial services, but banks will retain a place at the centre of the industry and continue to work, both alongside and in competition, with their new challengers, according to Moody’s Investors Service.
Efama blasts Priips document as ‘not fit-for-purpose’
Europe’s main asset management trade body has slammed the new consumer information requirements for those selling packaged retail and insurance-based investment products as a “danger” to investors.
China’s Bosera to launch three MRF products
The firm has bond, equity and mixed asset funds ready for launch in Hong Kong on 1 June, said head of intermediary business Laurence Lo.
Brewin Dolphin in ‘hiring mode’ amid profit drop
Undeterred by a sharp drop in pre-tax profits, Brewin Dolphin unveiled plans to expand its discretionary business and said it remains in ‘hiring mode’.
Tax & Regulation | news 19 May 16
Ex-Keydata employee banned by FCA but escapes £200k fine
The Financial Conduct Authority (FCA) has banned and publicly censured the former compliance officer of disgraced investment firm Keydata.