Lună: aprilie 2017

Date: 13th April 2017 The BBC uncovered a secret recording involving the Bank of England in the Libor rigging scandal. The recording uncovered by the BBC consists of a discussion between two bankers at Barclays, one of them saying that the government and the Bank of England were pressuring them

Date: 13th April 2017 Answering to the FCA’s (Financial Conduct Authority) review of the UK’s asset management industry, Morningstar (an Investment Research and Management Firm) asked the UK Financial Watchdog to set stricter rules on the disclosure of fund management fees. According to Morningstar “a five-year figure of total fund

Date: 11th April 2017 In its survey on Pension fund fees, LCP concluded that pensions funds are paying asset managers up to 70% more than 6 years ago: “The total asset management fee for a £50m active global equity mandate funded in January 2011, has, on average, risen 70% in

Date: 10th April 2017 Last year, BaFin identified transparency deficits in its investigation of closet indexers. It has now published a decision stating which information must be contained on the investment prospectuses of investment funds. Capital management companies have to explicitly state whether they are actively managed or only replicate

Date: 3rd April 2017 Originally expected for January 2017, MiFID (Markets in financial instruments Directive) will enter into force in January 2018 and will have to be transposed into MSs’ national law by the 3 of July 2017. MiFID II will reinforce the current EU legislation on securities markets. For