The monthly Investor Confidence Index published by State Street has picked up the most significant rise in confidence so far this year. The State Street Investor Confidence Index for August 2004 increased by 2.4 points from July's revised reading of
The London Stock Exchange, in association with RSM Robson Rhodes, has published a guide to corporate governance for UK listed companies. "Corporate Governance A Practical Guide", is available free of charge to UK companies and other interested parties. It is
Liberty Mutual Group (LMG) has bought the insurance operations of AGF Allianz Chile S.A. The buyer will rename the company Liberty Seguros, and offer a full range of property and casualty products for commercial and personal customers. The companies have
The Financial Services Authority (FSA), the UK regulator, is relaxing its insistence that life assurance companies publish target ranges for bonus payments from with profits policies. Payouts from the with profits policies have plummeted in recent year, amid weak markets
AIB BNY Trust Company Ltd, the sub custody joint venture between Allied Irish Bank and Bank of New York, is being wound up. "We have made the decision to centralize the custody for Irish equities in our global network within
The Tokyo Stock Exchange (TSE) is expanding the range of institutions eligible to settle trades in foreign stocks to include custodian banks, foreign securities companies and registration agencies that are not members of the exchange. The new regime will be
ICICI OneSource Ltd, one of India's leading business process outsourcing (BPO) companies, has signed definitive agreements with Temasek Holdings of Singapore and WestBridge Capital for raising fresh capital to fund its growth. This marks Temasek's first investment in the Indian
Insurer Willis Group has received final approval and certification from the China Insurance Regulatory Commission (CIRC) to allow its joint venture operation Willis Pudong Insurance Brokers Co. Ltd to engage in insurance and reinsurance broking activities throughout mainland China. Willis
The European Commission is to revamp capital requirements for insurers and reinsurers within the European Union by the end of 2005. The so called Solvency II review is being compared to the Basel II rules for banks. Indeed, the Commission
Invesmart, a retirement financial services firm in the US, has come out in strong support of the Department of Labor's (DOL) recent hearings on retirement plan fee disclosure, citing the need for regulation that compels defined contribution plan providers to