85 articles found within the last year.
Displaying results 1 - 20
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EC refuses to budge on hedge fund directive
The European Commission has come out against a ... Christopher Becher, a policy officer at the EC, ... The proposed directive would impose the rules on ... Becher said: "The EC has not supported removal ... The proposed rules would allow EU managers to ... The EC has taken this stance despite three...
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FSA warns of ‘significant risks’ in EU hedge-fund directive
Brussels’ proposed directive to regulate alternative investment funds ... Addressing the EDHEC-Risk Summit, Waters said that the...
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Banks walk the bonus tightrope
By the end of last year, global regulators ... Implementation has varied from country to country, but ... However, Financial News disclosed last week that some ... Some individual bankers are reported to be taking ... Peter Hahn, a lecturer at the Cass Business ... After a bumper year for much of the...
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Private client stockbroker ceases trading amid FSA probe
Wills & Co has stopped trading and is ... Hiring one of the “big four” accountants and...
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Star London employees brace for £1m Goldman pay caps
Goldman Sachs’ senior bankers and star traders in ... The new limit is expected to upset Goldman’s...
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Tudor and SAC managers join drive to launch new hedge funds
A former partner of Tudor Investment Corporation has ... James Harpel, formerly of Tudor, and SAC Capital’s ... The launch of Althea is one of several ... Ginsburg left SAC in December 2008 and has ... Nick Taylor, former head of Citadel’s principal investments ... Tudor was reported in October as managing $11.5bn....
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FSA in fresh crackdown on bankers’ bonuses
The Financial Services Authority, in a fresh bonus ... Separately, the Securities Industry and Financial Markets Association...
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Top talent faces smaller bonus pools and tougher competition
Oxford University students might not agree that bankers ... Those were the findings of a survey carried ... The findings echo the view of Lord Turner, ... Despite the reputational damage and public criticism heaped ... It could be a sign of tough economic ... Far from a mood of revolution, bankers are...
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At a glance: fund managers and insurers escape bonus tax
The UK's tax authority has confirmed that its ... HM Revenue & Customs put out the statement ... Following a number of enquiries and representations from ... As a result, it will now change its ... • "A company in a group that is ... • "A company that does not carry on...
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HMRC to specify eligibility criteria for UK bonus levy
HM Revenue & Customs is expected to publish ... Only "bankers" as qualified by the Financial Services...
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Asset managers: 2009 was a big year for…
In January, Financial News identified five individuals in ... Coffey surprised the industry by joining Moore Capital ... After jumping on the “unique opportunity” to acquire ... All the same, the integration of the Fortis ... The bank said in December that the merged ... Grisay was on the back foot for most...
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Don't Kill the Big Banks
Some people think big banks should be broken ... He was interviewed by Nikhil Deogun, a deputy ... NIKHIL DEOGUN: Let's talk about the regulatory framework. ... ROBERT E. DIAMOND, JR.: What all of us ... In the year we are in right now, ... Mr. Deogun: How should Barclays be regulated? Should...
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Oil price hike 'not caused by speculators'
The 2008 spike in crude prices, widely believed ... Edhec Risk Institute research associate Hilary Till has ... Other explanations of the rise in crude prices ... Analysing data released in October by the US ... The conclusion is based on historical levels of ... The data from CFTC covered three years in...
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Has the world got the will to save itself?
Revenues generated by companies that combat climate change ... At first glance the sum is impressive. But ... Norway is the only country in the world ... The global recession has caused additional setbacks, including ... Lord Turner, chairman of the Financial Services Authority...
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Start-up boutique wealth manager gets FSA authorisation
Meridian Capital, a fee-based boutique wealth manager launched ... The start-up focuses on high and ultra high...
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FSA bans ex-UBS client adviser
The UK Financial Services Authority has handed out ... The FSA said today that it had banned ... In the final notice issued at the time, ... Margaret Cole, FSA director of enforcement and financial ... The FSA banned Cumming for five years on ... The unauthorised trades took place during a two...
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India probes potential misuse of UBS private banking accounts
The Indian government’s Enforcement Directorate is probing the ... The Indian inquiry is focused on whether funds...
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Hedge funds short the Sage of Omaha
Short sellers have focused their attention on Warren ... Berkshire Hathaway announced a $36bn (€24bn) deal to ... Ratings agencies Standard & Poor's and Fitch responded ... In the three days between November 3 and ... Despite the increase, the number of shares on ... In the six days since the deal was...
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Recovery at UBS: work in progress
For a bank which hoped all the bad ... The penalty, the FSA’s third largest, was for ... Despite a slew of accounting items that contributed ... Even the sceptics admit the bank has come ... Now, downsized, derisked and out of government control, ... Speaking to Financial News last week, chief financial...
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UBS wealth unit takes £33m hit on rogue trades
UBS has been forced to stump up £33m ... The Financial Services Authority fined UBS £8m, the ... The FSA documented a list of breaches within ... Margaret Cole, FSA director of enforcement and financial ... The transactions took place during a two year ... The transactions included about 50 foreign exchange trades...
