Legal & Regulation

Report

Report identifies need for voluntary standards within financial services

The financial services industry is failing to adopt voluntary standards crucial to rebuilding trust in banking, despite overwhelming support from those working in the sector, according to a report. »


Lawsuit

Boutique law firms for the alternative assets industry merge PE and HW practices

MJ Hudson and MW Cornish & Co have merged their respective private equity and hedge funds practices with immediate effect. »


Peter Harwood, Guernsey's Chief Minister

Shanghai’s Vice Mayor praises Guernsey’s quality and stability

The Vice Mayor of Shanghai has recognised the quality and stability of Guernsey’s financial services industry. »


Fraud

Former hedge fund manager indicted for defrauding investors and obstructing SEC

Stanley J Kowalewski has been arrested in South Carolina after being indicted by a federal grand jury in Atlanta for allegedly defrauding hedge fund investors of up to USD8m. »


European flags

Linedata strengthens European custodian and fund administrator presence

Linedata has recently upgraded four Luxembourg-based custodian and fund administrator clients to the latest version of Linedata Compliance.  »


Bill Prew, INDOS Financial chief executive

AIFMD depositary INDOS Financial attracts first clients

INDOS Financial, the only independent AIFMD depositary that has applied to the FCA for authorisation, has agreed provisional contracts with its first clients.  »


Fiona Le Poidevin, Guernsey Finance

ILS emerges as an alternative asset class

Fiona Le Poidevin (pictured), chief executive of Guernsey Finance, explores how Guernsey’s investment and insurance expertise mean it is capitalising on the opportunities presented by the growth of Insurance Linked Securities (ILS). »


Gavel

MF Global to pay USD1bn to cover customer losses

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court consent Order against MF Global requiring it to pay USD1.212 billion to cover customer losses sustained when the company failed in 2011. »


Globe

CFTC advises on applicability of transaction-level requirements in cross-border situations

The division of swap dealer and intermediary oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) has issued an advisory on the applicability of transaction-level requirements in certain cross-border situations. »


Survey

Kinetic Partners launches AIFMD hedge fund depositary due diligence checklist

Kinetic Partners has launched its AIFMD Hedge Fund DD checklist, which is designed to assist managers undertake the necessary due diligence over their depositary providers. »


Upcoming events

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai