News
HK reforms will cause “collateral damage” – IFAA
The chairman of Hong Kong’s Independent Financial Advisors Association has said the industry will suffer “collateral damage” in the first half of 2015 due to the over-ambitious time frame of regulatory reforms.
Asia could have capital outflows: Aberdeen
Asian markets could see capital outflows when the US raises interest rates, according to Hugh Young, managing director at Aberdeen Asset Management.
Australian regulator steps up financial advice probe
Australia’s corporate, markets and financial services regulator said it is investigating multiple instances of financial services firms charging clients for advice where it was not provided.
United Kingdom | news 15 Apr 15
Nutmeg cuts UK stocks due to election risks
Online investment manager, Nutmeg, has increased its investments in European, Nordic and Japanese stocks in order to protect customer portfolios from risks ahead of the UK General Election.
DFSA fines Deutsche Bank $8.4m for ‘serious contraventions’
The DIFC branch of Deutsche Bank (DBDIFC) has been fined $8.4m by the Dubai Financial Services Authority (DFSA) for “serious contraventions” in its private wealth management procedures.