47 articles found within the last year.
Displaying results 1 - 20
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Swedish pay plans draw hedge fund fire
Hedge funds reacted angrily today to suggestions from ... The $1.5 trillion (€1 trillion) industry has been ... But Florence Lombard, executive director of hedge fund ... The furore over bank bonuses revolved around "rewarding ... Sweden, the EU's current president, has already proposed...
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Swiss regulator won't cap bank, insurer bonuses
Swiss banks and insurers will have to ensure ... New regulations that come into effect on January ... The publication of the new guidelines follows months ... Though only one Swiss bank, UBS, needed to ... The regulator said it "didn't accede to the ... Under the new regulation, bonuses must be treated...
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London limited to tactical hiring as outlook deteriorates
With the exception of Barclays Wealth, London-based advisers ... A combination of next April’s hike in income ... Ed Jewson, director at consultant Jewson Associates, said: ... Wealth managers that continue to hire are doing ... Cath Tillotson, a partner at consultant Scorpio Partnership,...
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Guest comment: A vision for the future of the asset management industry
It is hard to believe that just over ... This seat at the table is important. So ... A seat at the pensions table enabled the ... The Working Group looked at the whole field ... Our industry’s retail client proposition is muddled by ... There are opportunities to simplify products for consumers...
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UK managers urge Government action on offshore domiciles
The UK’s asset management industry has urged the ... Although asset managers in London and Edinburgh oversee ... A UK industry working group, convened by Chancellor ... Robert Jenkins, chairman of the Investment Management Association ... He said: “Fund taxation policy has not been...
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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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Swedes rewrite directive to remove hedge fund leverage cap
The Swedish Government, holder of the European Union's ... A copy of the Swedes' proposed redrafting, submitted ... Instead, it would empower competent authorities - which ... The Swede's proposal has deleted the passage in ... A source in the hedge fund industry close ... Poul Nyrup Rasmussen, president of the Party of...
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Alternative investors lose locust image
Hedge funds based in Germany look set to ... It is still early days for the new ... Frank Dornseifer, head of legal and policy issues ... Despite their negativity, the Social Democrats jointly sponsored ... Hedge fund certificates – a structured investment wrapper ... The value of alternative investment strategies is underlined...
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Big banks face change in the UK
The UK Financial Services Authority said it will ... Breakups would mean that banks that have retail ... King's views on the issue carry weight because ... Asked about King's comments in Parliament Wednesday, Prime ... The FSA's paper comes partly in response to ... "The cause of the problem is that banks...
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Church Commission urges EU rethink on hedge funds
The Church of England, one of whose commissioners ... A group of six of the UK’s largest ... In a written deputation to the House of ... The House of Lords committee took submissions on ... The Church Commissioners include the Archbishop of York, ... While supporting the EU’s aim to shine a...
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Lessons can be learnt, but banks cannot predict the next crisis
On the day after US President Barack Obama ... In a session that started late because of ... In a speech in New York to mark ... Young said the financial industry was pretty good ... Young said: “Memories fade and companies need to ... Kelly Mathieson, a managing director at JP Morgan,...
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Comment: Why letting Lehman fail was, unfortunately, right
It is one year this weekend since the ... There have been thousands of job losses in ... On Monday Financial News published a counterfactual history ... The problems caused by the Lehman debacle are ... So letting Lehman fail was a move that ... Well, possibly not. There are several reasons why...
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French banks 'likely winners' from regulatory clampdown
A new report has identified French banks as ... BNP Paribas and Société Générale are likely to ... The relatively low exposure of the two banks ... JP Morgan’s report comes weeks after analysts at ... The pressures on French investment banking businesses have ... However JP Morgan wrote in the research that...
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Smithers castigates central bankers
Independent economist Andrew Smithers can always be relied ... He is dismissive of central bankers’ calibre, up ... As a result of their mistakes, the International ... In his newly published book, Wall Street Revalued, ... He said capital requirements should be highest at...
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Comment: Adair Turner wields the tax axe - again
If anyone in authority was ever going to ... Back in the days when he was UK ... To achieve semi-enforced savings, Turner fostered the creation ... In later years, when in charge of a ... Turner has made it crystal clear that over-large ... In a discussion forum hosted by Prospect magazine,...
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UK regulator backs tax on banks
The head of the UK's financial watchdog said ... Adair Turner, chairman of the Financial Services Authority, ... Excessive risk-taking has been blamed for helping spark ... Turner also Wednesday criticised some activities of London's ... "If you want to stop excessive pay in...
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Bonuses become a wedge issue in the G20
Bankers' pay has become one of the most ... UK Chancellor Alistair Darling earlier this month pledged ... Even before Tuesday's deal with banks, the French ... "The problem with guidelines is that you apply ... Germany has mostly agreed with France at G20 ... But Merkel has allied herself with French President...
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Sarkozy, banks set new limits on bonuses
French banks agreed to penalise traders who lose ... The remuneration rules were unveiled after a meeting ... To ensure banks stick to the new criteria, ... "It can't be a game where you always ... He said he would lobby the US and ... He would likely face strong resistance in the...
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Bank remuneration code sparks fears over UK competitiveness
The chief executive of the UK’s banking trade ... She was reacting to the Financial Services Authority's ... Angela Knight, chief executive of the British Bankers’ ... Knight said of the final code applying to ... While welcoming the code, Knight warned: “Our concerns...
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Walker review sets out UK banking reforms
Bankers should expect their large pay packages to ... Walker has proposed that the board-level remuneration committees ... He said there should also be a formal ... The review makes clear bonuses should be explicitly ... In a statement accompanying the publication this morning,...
