Middle East | 7 Sep 17
Saudi Arabia scales back Vision 2030 plan to diversify economy
Saudi Arabia is redrafting a series of reforms aimed at boosting the country’s non-oil revenue, amid concerns some of the initiatives could negatively impact the economy.
ANALYSIS: ECB taper edges closer
Just a few months ago, market watchers were convinced the ECB would soon announce it would begin to cut its asset purchases. But even though the European economy has since powered ahead, it now appears unlikely that a detailed tapering announcement will come this year.
Best Practice | 6 Sep 17
Rachael Griffin talks technical expertise in the financial planning process
Rachael Griffin, head of trusts and technical solutions at Old Mutual Wealth, explains how technical expertise in the financial planning process is becoming increasing important, and shows how regulatory change can be an opportunity rather than a threat, helping advisers to demonstrate the value of advice to their clients.
Malta watchdog orders trust firm to halt business
The Malta Financial Services Authority (MFSA) has ordered Confiance Malta Ltd to “immediately” transfer its trusts and fiduciary business to another local provider after it fell short of expected standards.
Emerging Markets | 6 Sep 17
Norway oil fund to reduce allocation to EMD, corporate bonds
Norway’s sovereign wealth fund intends to reduce its exposure to emerging market currencies and corporate bonds as it seeks to simplify its fixed income benchmark.