EU firms passporting to run till 2022 in event of no-deal
Backstop plan proposes that in the event of no Brexit transition period passporting rules will continue for further three years
Tom Carnegie
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Columbia Threadneedle expands European multi-asset range
Columbia Threadneedle Investments is expanding its Luxembourg multi-asset offering with the launch of a fund that is designed to deliver equity-like returns of 4% above European inflation.
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Financial services must be part of EU/UK trade deal, says FCA
The EU recently proposed a single trade agreement with the US, so there is no reason it cannot have one with the UK post-Brexit, according to the chief executive of the UK’s Financial Conduct Authority (FCA).
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Another blow to Swiss secrecy
Plans to scrap a class of anonymous shares in Switzerland could deal another blow to the country’s traditionally secret banking practices.
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Global credit markets show signs of complacency
Maintaining flexible, long/short exposures across the credit markets, and limiting duration risk is the best way forward investors in today’s challenging fixed income markets, says Charmaine Chin, managing director and head of credit, relative value and event-driven strategies at K2 Advisors, part of Franklin Templeton Investments, in the article below.
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Billionaires buy up ever more sports clubs
The ultra-wealthy are investing in sport at a rate higher than ever before, with more than 140 of the top sports clubs globally now being owned by 109 billionaires, according to a joint UBS Group and PwC report.