The UK's Financial Conduct Authority (FCA) has fined ED&F Man Capital Markets Ltd (MCM) £17.2 million, the UK regulator’s largest penalty in relation to "cum-ex" trading so far.
Asset management and other bodies said the proposed timeline to implement the recently proposed EU Retail Investment Strategy is not feasible.
UK investors gravitated towards safe-haven assets in May as economic threats showed no signs of easing, according to data from Calastone’s Fund Flow Index.
In an otherwise daming report into asset management's investment around climate and biodiversity, it emerged that European firms were at least leading the charge to tackle climate change.
David Abitbol, the head of Societe Generale Securities Services (SGSS), is moving to another role within the firm and is succeded by Arnaud Jacquemin, who heads the asset servicer's Luxembourg business.
UBS expects to complete its 3 billion Swiss francs acquisition of Credit Suisse “as early as June 12”.
|  |
