All articles by Verdict Staff
Verdict Staff
US warned against unilateral action by German markets regulator
The US has been warned against unilateral action by Germany’s watchdogs, as the former’s regulators consider stricter capital rules for foreign banks.
Nedbank mulling to launch fixed-income funds in Mauritius, East Africa
South Africa’s Nedbank Group is mulling to start fixed-income funds in Mauritius and East Africa, Bloomberg reported.
European Commission proposes to open investment talks with China
The European Commission will seek ask support of the Member States to open negotiations with China that could lead to a broader trade deal if the two partners can overcome anti-dumping disputes.
Raiffeisen Bank net income down 71% in Q1
Raiffeisen Bank International has reported consolidated profit of EUR157 million for the first quarter of 2013, a decline of 71% compared with EUR541 million reported a year ago, when earnings were boosted by one-time gains from hybrid bond buybacks.
Tax inspectors in Spain call for harsher measures
IHE, the organisation that represents Spain’s Inspectors of Inland Revenue, has said that EU level agreements regarding combating fiscal fraud are “not enough”, and has called for a mechanism to isolate countries that do not automatically provide tax information.
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Direct Edge selects FINRA for market surveillance
Direct Edge, the third largest stock exchange operator in the US, has agreed with the independent, non-governmental regulator for all securities firms, Financial Industry Regulatory Authority (FINRA), to provide market surveillance services on behalf of Direct Edge’s two licensed stock exchanges.
Ashburton launches new Africa Equity Opportunities fund
Investment manager Ashburton has launched its new Africa Equity Opportunities fund aimed at both retail and institutional investors.
Julius Baer’s transfer of Merrill Lynch’s IWM business in Hong Kong and Singapore begins
In line with its original integration plans, Julius Baer has begun the transfer of Merrill Lynch’s International Wealth Management (IWM) business in Hong Kong and Singapore.
Manulife Asset Management selects Deutsche Bank as fund administrator in Taiwan
Manulife Asset Management Taiwan has appointed Deutsche Bank as fund administrator for two new bond funds with multi-currency share classes, which include offshore RMB.
SGX launches depository services for RMB bonds
Singapore Exchange (SGX) has launched depository services for renminbi-denominated (RMB) bonds.