ESMA seeks input on regulating benchmarks
The European Securities and Markets Authority (ESMA) is seeking input on the technical implementation of a regulation to improve the governance and control of financial market benchmarking.
Author: Kirsten Hastings
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US expats should keep citizenship despite FATCA, says deVere
American expats should not renounce their citizenship because of FATCA without considering all of their options, according to Nigel Green, chief executive and founder of deVere Group.
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Global asset management CEOs confident about revenue growth
Despite only 30% of global asset management chief executives expecting the global economy to improve over the next 12 months; 90% are confident or very confident about revenue growth in 2016, rising to 95% when looking at the next three years.
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Cash-rich millennials conflicted on economic recovery
Eight out of 10 wealthy investors across the Americas believes the economic recovery has met or exceeded expectations but remain hesitant to invest, with Millennials the most conflicted.
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Most HNWs to invest more in 2016 – deVere
Three-quarters of high-net-worth (HNW) individuals plan to increase contributions to their investment portfolios in the first half of 2016, according to a poll by the deVere Group.
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BoE unanimously holds rates, cuts growth outlook
In an unexpected move, the Bank of England’s (BoE) entire nine-member rate setting committee voted to hold interest rates at 0.5%, and cut its GDP growth forecast.
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ALFI sees Brexit uncertainty but Chinese opportunity
Asset managers with an anchor in Europe most likely won’t be losing too much sleep over the prospect of the UK leaving the EU, but they should still be preparing for the coming uncertainty, says ALFI.
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Barclays bids for TD Direct, could rival Hargreaves Lansdown
Barclays has emerged as a potential buyer of TD Direct Investing, one of the biggest retail stockbroking businesses in the UK, in a move that could create a challenger to current market leader Hargreaves Lansdown.
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Billions scammed from 900,000 investors in Chinese Ponzi scheme
Chinese authorities have arrested 21 people involved in a peer-to-peer (P2P) lending scheme suspected of defrauding 900,000 investors of around CNY50bn (£5.3bn).
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LGIM’s early unbundling of research costs applauded
Legal & General Investment Management’s (LGIM) decision to change the way clients are charged for research ahead of the Mifid II deadline has been applauded by the co-founder of investment firm SCM Direct.
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Deutsche AWM posts growth as bank struggles
Despite recording its first net asset outflow for seven quarters, Deutsche Asset and Wealth Management outperformed the rest of the group; achieving net revenue growth of 14.2% in the fourth quarter, against a decrease of 15.2% for Deutsche Bank Group over the same period.
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Talk of UK commissions return draws ire
A return to commission payments would be a huge step backwards and contrary to the retail distribution review, said industry leaders after the Financial Conduct Authority’s (FCA) interim chief executive failed to rule out a return to commission payments.