Hidden trade mark-ups helped generate $20m in “improper revenue” for the bank, according to US regulators
Several asset managers have moved staff or assets to other EU locations ahead of Brexit
Ireland Strategic Investment Fund backs launch of €10m Irish Whiskey Growth Fund
Pension Authority data shows more schemes are meeting minimum funding standards
Maximum employer contribution rate higher than 10% for half of replacement DB schemes
Changes form part of sweeping reforms announced earlier this year
Central Bank of Ireland has authorised LGIM’s Dublin-based subsidiary; MFS plans Luxembourg expansion
Data from Central Statistics Office says figure compares favourably to the UK
If trade talks between the UK and the European Union collapse, experts warn there could be a scramble for Irish fund registrations
12 months away from Brexit, IPE looks at what the decision to leave the EU has – and hasn’t – done for the pensions and investment sectors
Second partnership between Ireland Strategic Investment Fund and China Investment Corporation
‘Roadmap for pensions reform’ will boost state pension, bring in auto-enrolment and improve scheme governance
€8.7bn Ireland Strategic Investment Fund backs US-based artificial intelligence company’s new Dublin office
Every €1m invested by the fund has been boosted by €1.7m from the private sector
Workers’ union threatens industrial action over closure of schemes it claims are in surplus
Support for signatories to report on how they considered wide range of stakeholders
Plus: Updated good practice guide for pension accounting; SIG faces investigation; FRC names firms under review
Liabilities fell by CHF3.6bn while investment returns added CHF900m.
International Accounting Standards Board wants its work on the controversial rule aligned with research into DC schemes
The rise of blockchain architecture coincides with a period of falling trust in institutions
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Another step by Brussels to ease financing to business across the EU comes with measures to facilitate the cross-border distribution of investment funds
PensionsEurope is concerned about a Brexit ‘no deal’ and is calling for negotiators to pay heed to the €3.54trn sector’s interests
Radical upgrades to the EU’s corporate tax base norms have never been so close to fruition
Europe’s asset management industry is lobbying against any mandatory guaranteed default option in the third-pillar PEPP proposal
As the risk of a no-deal Brexit comes into focus, attention is turning to ways to mitigate the damage across financial services, including asset management and pensions
The EU’s securitisation package has finally passed through the European Parliament and Council. However, the new rules will not be applied until January 2019
The EU’s controversial mandate for a radical shake up of financial supervision has received a cool reception from the pensions sector as well as smaller EU members
International investors in the EU have for decades been suffering from woeful dispute settlement proceedings when involved in cases against public authorities
Discussions over the payment of social costs for workers from central and eastern European countries posted temporarily to wealthier EU countries are playing a major role in the attempt to update existing directives
At first sight, the benefits of the European Commission’s Pan European Personal Pension (PEPP) regulation proposal seem clear. But it did not take long for commentators to point out the considerable hurdles
The European Commission’s “further steps to drive forward the Capital Markets Union (CMU)” outline nine new priority legislative actions to solve the EU’s long-term cross-border investment challenge
Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging
In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme.
Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’
The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.
The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification.
There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m
Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission
A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.
Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK