The European summit took an important first step towards a solution to the eurozone crisis but much remains to be done and asset managers will be concerned about moves to value all sovereign debt to market.
The UK’s Financial Services Authority (FSA) has fined Credit Suisse UK £5.95m for systems and controls failings in relation to sales by its private bank of structured capital at risk products known as Scarps.
Economic depression remains the leading global economic risk followed by the risk of sovereign default according to Towers Watson's ranking of the top fifteen extreme risk. The threat of hyperinflation follows in third place.
Greece's fund managers are determined to weather the economic storm that is pushing Greece close to collapse
Elena Ambrosiadou, founder and chief executive of Cyprus-based IKOS Asset Management, talks about finding a way out of the Greek crisis and how the country’s fund management industry has coped.
Ucits funds recorded net outflows in August of €20bn, up from net outflows of €14bn in the previous month, according to the latest fact sheet from the European Fund and Asset Management Association (Efama).
The UK’s Financial Services Authority (FSA) chief executive, Hector Sants, met US Securities and Exchange Commission (SEC) chairman Mary L Schapiro on Thursday as part of regular six-monthly meetings under a strategic dialogue established in 2006.
Spain’s financial institutions recovered quickly from their downgrade earlier this week which temporarily sent the country’s bank stocks sharply down as bank shares rose on hopes of an agreement to recapitalise Europe’s troubled banking sector.
Alternative investment services provider, PDL International, has launched a new range of Ucits-compliant hedge funds. The funds, available in the UK, are regulated by the Financial Services Authority, and designed to deliver growth irrespective of market...
Exchange-traded funds (ETFs) should be more transparent and more strictly regulated to improve market safety, according to Armando Senra, managing director at BlackRock Iberia.
Moody's Investors Service has downgraded the senior debt and deposit ratings of nine Portuguese banks and downgraded the standalone ratings of six institutions, citing concerns about their financial strength.
Spain’s asset management industry saw high levels of fund ouflows in the third quarter of this year, amid intense competition for deposits among financial institutions, according to the Comisión Nacional del Mercado de Valores (CNMV).
The Fitch Ratings agency has downgraded six Portuguese banks' viability ratings amidst deepening uncertainty caused by the eurozone crisis.
Juan Antonio del Rivero has been appointed president of Alpes 2000 Sociedad de Inversión Libre (SIL), an investment company controlled by Alicia Koplowitz’s Omega Capital.
The setback for the high yield market in August may have created a buying opportunity, according to Johan Jooste, head of strategy for fixed income in Merrill Lynch Wealth Management’s EMEA chief investment office.
N+1 Syz, the Spanish private banking subsidiary of Swiss banking group Syz & Co, has reinforced its presence in Barcelona with the appointments of private bankers Jordi Grau and Sergio García.
Northill Capital has launched Goldbridge Capital Partners, a new European credit asset management company with up to $100m equity and seed capital immediately available.
The Spanish Fund for Orderly Bank Restructuring's (FROB) decision to take as much as 90% to 100% of the equity of three savings banks, known as cajas, in return for capital injections highlights the size of potential losses on these banks’ loan portfolios,...
Jersey has joined the top ten locations in the world for wealth management and private banking services, climbing to eighth position, according to rankings in the latest Global Financial Centres Index (GFCI).
Ireland’s fund industry continues to grow despite the country’s financial problems while the Swiss Funds Association reports a fall in fund volumes blamed on volatile and downward trending markets.
There are plenty of good investment opportunities in Europe in spite of all the gloom and uncertainty, said Tim Stevenson, director European specialist equities at Henderson Global Investors.
The Swiss fund market fell back only slightly in August in spite of the market turmoil, according to the Swiss Funds Association (SFA).
Market uncertainty makes choosing a fund more challenging for selectors and advisers. Managers from Millennium Private Banking, part of Portugal’s Millennium BCP banking group, explain their approach to Patrick Blum
Emerging market equity returns do not outperform developed market returns in the long-term, according to research published today by investment advisors Capital Generation Partners.
The European Fund and Asset Management Association (Efama) has proposed a blueprint for a European consolidated data tape (ECT) to provide greater certainty among investors over prices, best execution, valuations and performance measurements.
Pershing Limited, a BNY Mellon company, will launch a custodial platform in October targeting independent financial advisers and financial planning businesses.
Outsourcing clients’ investment portfolios is likely to increase among multi-managers in the run up to the Retail Distribution Review (RDR) and this will increase the need for robust due diligence, according to research by independent financial research...
Spain’s public debt rose 16.5% in the second quarter of this year compared with the same period in 2010, according to Bank of Spain data. The overall public debt was €702.8bn equivalent to 65.2% of GDP, above the eurozone’s 60% of GDP limit.
Spanish banks’ net borrowings from the European Central Bank in August rose to €69.91bn, up from €52.05bn in July, according to the latest data from the Bank of Spain.
Moody’s decision to downgrade Crédit Agricole and Société Générale was “expected” following news that the rating agency had turned its attention to the French banks, according to Clive Lennox, head of foreign exchange trading at Clear Currency.
Jefferies has appointed Reinout Koopmans (pictured) as a managing director and co-head of European equity capital markets within the firm’s investment banking division.
The European Commission has urged Spain and other EU member states facing market pressures to press ahead with reforms to ensure they meet their fiscal targets and can overcome the crisis, according to Spanish press reports.
Investment managers BNY Mellon and Investor Analytics, a provider of risk management solution, have launched a money market stress testing service for the Europe, Middle East and Africa area.
Neuberger Berman, the independent employee-controlled asset manager, has appointed Tom Douie as senior vice-president head of intermediary Europe.
Jose Veiga Sarmento, president of APFIPP, the Portuguese fund management and pension funds association, talks about prospects for Portugal’s asset management industry, which experienced a collapse after the financial crisis.
As Madrid attempts to open up the retail asset management market to newcomers, expectations remain that the banks’ hold on the local market will not diminish soon.
Long term returns from high yield utilities equities makes them an ideal investment option in the current uncertain economic climate, according to Bruno Lippens (pictured), senior investment manager at Pictet asset management equities (PAM Equities)....
EFG Asset Management (EFGAM), the asset management business of EFG International, has established a new asset management company in the UK to offer its funds and investment services to a wider audience of small and medium sized institutional clients....
Retail sales of funds were sharply down in July with equity funds experiencing strong outflows from the UK, European and north American sectors, according to the latest monthly data from the UK’s Investment Management Association (IMA).
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You can have too much of a good thing. In Brazil’s case, excessive foreign currency inflows that have pushed the real up to levels that hurt the domestic economy and exporters.
Spain’s main political parties have agreed to set constitutional limits on public deficits and debt with the structural deficit to be capped at 0.4% of GDP from 2020. The change must be approved by June 2012 at the latest.
The demand for bond and equity funds fell sharply in June amid growing fears about the global economy and the sovereign debt crisis in Europe, according to European Fund and Asset Management Association (EFAMA) data.