87 articles found within the last year.
Displaying results 41 - 60
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UK Treasury report on regulation: the main themes
The long-awaited paper from the UK Treasury outlining ... The Treasury paper, which was originally due to ... With a general election due within the next ... Here, Financial News looks at the main themes ... There is little insight on the government's plans ... The Treasury fleshes out proposals on hitting banks...
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The Children’s Investment Fund comes of age
UK hedge fund manager The Children’s Investment Fund ... Its cumulative fee income, from its launch almost ... The lack of publicity is typical of TCI, ... The latest accounts, published last week for the ... TCI’s accounts say its revenue represents fees receivable ... That year was the start of a significant...
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FSA calls for an end to adviser commission deals
The UK Financial Services Authority has outlined plans ... The FSA has issued a consultation paper on ... The changes, which are due to take effect ... The FSA said: "We propose that adviser firms ... Andrew Fisher, chief executive of wealth advice business ... When the review was first published in November,...
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Cheviot and Vestra move ahead in spite of crisis
Two rival UK boutique wealth management operations started ... Cheviot Asset Management, launched by Michael Kerr-Dineen and ... Cheviot Partners, its holding company, which also incorporates ... Vestra Wealth was launched by former UBS wealth ... As a result of their moves, UBS took...
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Boutique firm continues manager hires
A former head in fixed income at Aberdeen ... Derek Fulton has joined Newscape to work alongside ... Fulton, who had been with Aberdeen since 2001, ... The appointment has emerged after Newscape agreed a ... Armstrong Investment Management will offer its clients advice ... Decani confirmed since it had started talking to...
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Comment: The Old Lady twitches an eyebrow
The delightfully old-fashioned idea that central banks should ... In proposals on bank regulation, announced overnight, US ... By coincidence (or perhaps not) Bank of England ... Instruments like these were wielded by the Bank ... Robert Jenkins, chairman of the Investment Management Authority,...
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Top hedge funds threaten to quit UK over draft EU directive
Some of the UK’s leading hedge funds have ... Nearly a dozen of London’s top managers - ... The draft directive, which includes the implicit borrowing...
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Derivatives go back to the drawing board
When the most powerful man in the world ... US President Barack Obama’s verdict on derivatives, in ... The collapse of Lehman Brothers, the AIG affair, ... At the same time, derivatives volumes have fallen ... Credit derivatives have received the most negative publicity....
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How to fix the financial system
The Committee on Capital Markets Regulation, a diverse ... The recommendations will likely attract attention from key ... Among others, the report was penned by Glenn ... Some of the key recommendations: ... 1) Keep two or three regulators for the ... The USFSA “would regulate all aspects of the...
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UK life assurer seeks billionaire's backing
UK life assurer Pearl Group is hoping to ... Pearl, led by entrepreneur Hugh Osmond, wants to ... Berggruen is best known as a backer to ... Last year, he told the Wall Street Journal ... Pearl, already backed by private equity supplied by ... Assuming it completes its refinancing, Pearl is keen...
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FSA probes Lehman structured products
The UK's Financial Services Authority is launching an ... The FSA and Financial Ombudsman Service said in ... The release said: "As a result, while the ... The FSA and Ombudsman have agreed that the ... Therefore, they have agreed that the FSA will ... Many in the industry concede clients have not...
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Britain will remain a global financial leader: guest column by Alistair Darling and Win Bischoff
For centuries, Britain has been a leader in ... Over the past ten months, the treasury's "Group ... At the core of our analysis is the ... Over the next 10 to 15 years, as ... In India, the UK industry has been exchanging ... Partnership is also about government and industry working...
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FSA bans ex-BlueCrest hedge fund manager
The Financial Services Authority has banned and fined ... The FSA said Loic Albert Antoine Montserret, who ... The regulator has banned Montserret indefinitely, although the ... The value of Montserret's trading book fell significantly ... The mismarking lasted 10 days, after which Montserret...
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Private banks fall out with entrepreneurs
It seems private banks have fallen out of ... “Entrepreneurs have been seen by banks as a ... The problem is that until success arrives, and ... Ian Marsh, chief executive of Credit Suisse private ... Indications of how widespread this activity was emerged ... The rapid retreat from lending by many banks...
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Hedge Funds: Short-selling ban ‘did not work’
Representatives of the financial services industry this year ... The Financial Services Authority and its counterparts in ... The restrictions barred anyone, primarily hedge funds and ... The UK lifted its ban in January; the ... The London Stock Exchange’s evidence to the Treasury...
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Wealth Bulletin’s Top Tax Havens
With a new crackdown on tax havens by ... Off shore financial centres have never had it ... The run-up to the G20 summit in London ... If they were hoping to avoid draconian measures ... The 38 nations on a “grey” list published ... The best example of how the offshore game...
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FSA to publish review of 'unbundling'
The UK's Financial Services Authority is due to ... The aim of the unbundling, which was introduced ... It also promised to give fund managers the ... One indication that unbundling has been slow to ... The 2008 Financial News Buyside Trading Poll showed ... The poll, which was based on a survey...
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Ex-Goldman heads launch advisory firm
A former managing director and an executive director ... Bimaljit Hundal, a former managing director and head ... It received Financial Services Authority approval in January. ... Egerton-Warburton left Goldman in June 2007, while Hundal ... Egerton-Warburton told Financial News: “We believe there is...
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Rothschild closes UK office of investment advisory boutique
Nathaniel Rothschild, the banker who hit the headlines ... JNR, an investment advisory boutique that focuses primarily ... It was founded by Nathaniel Rothschild and his ... It is understood that JNR’s decision to run ... Before the credit crunch, there were reports that...
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CSAM names new UK and Ireland head
Credit Suisse has replaced the head of its ... Colin Taylor has been named as the London-based ... It is unclear whether Norman plans to remain ... Taylor is also head of alternative investments for ... He joined the group 1990 and has held ... The change comes after Aberdeen Asset Management announced...
