Top Hedge Fund Managers bet on London

By: Bloomberg London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S. Point72 Asset Management, the family office that […]

Understanding Corporate Governance

By Stanley Epstein, Eureka Financial Not so long ago a successful company was simply one that was profitable. How that company was managed, the ethics of its owners and management were simply of no interest or consequence to the public at large. Things have changed in the last couple of decades. It is no longer […]

Eureka Financial launches Corporate Governance Summer School Dubai 2015

Eureka Financial launches another edition of a very popular Corporate Governance programme. Corporate Governance Summer School 2015 will take place on 25-26 of August in Dubai and is open to all senior professionals from the region and beyond, who are interested in boosting corporate governance standards in their organisations and learn about the best world’s […]

Toshiba scandal and Japan’s corporate governance code

By: The Guardian, 21 Jul 2015 The similarities between the Toshiba case and that of Olympus has not gone unnoticed in Japan as The Guardian writes. The Toshiba accounting scandal comes just six weeks after the introduction of a corporate governance code in Japan that was meant to pave the way to a more open […]

Exploring GATCA – The Global FATCA

By: Treasury Insider Last month, the Foreign Account Tax Compliance Act (FACTA) came into effect, forcing overseas banks that accept US payments to disclose account information to the IRS or face 30% withholding tax. The OECD has now introduced Automatic Exchange of Information (AEOI) guidelines to help countries standardise these rules for non-US transactions.   Nicknamed “GATCA”, […]

Best Practices in Corporate Governance

Boards are essential for making sure that shareholders are able to properly hold the management team to account. Getting the boardroom dynamics right is the key to success. Is your board well structured? What kind of person should you take on as a chairman, and do you need non-executive directors? What is the role and competencies […]

The real cost of FATCA implementation

By: International Adviser FATCA was implemented worldwide at the beginning of this month, but the impact (and costs) are only now just beginning to filter through to the financial services community. (…) The UK Government estimates it will cost UK financial institutions up to £1.6bn to implement FATCA in this country, with ongoing costs of […]

Are you ready for FATCA?

FATCA came into effect on 1st of July requiring foreign banks to report their offshore accounts. To facilitate an orderly transition the United States IRS will refrain from rigorously enforcing many of the requirements during 2014 & 2015, as long as foreign financial institutions (FFIs) are making a good-faith effort to achieve compliance. This partial […]

Operational Risk recognised as the most important risk by financial institutions

By: MartketWatch.com Chartis nominated SAS OpRisk system as the leader in the market for Operational Risk Management. Payman Mestchian, Managing Partner at Chartis says that their research suggests that “operational risk is now recognized as the most important risk by financial institutions. Also the scope of coverage for operational risk management processes and systems is […]

New buying patterns amongst the Middle Eastern HNWIs

By: AMEInfo The Middle East luxury industry is witnessing a shift in buying patterns of ultra-high-net-worth individuals (UHNWIs), says Erwin Bamps, chief operating officer at Gulf Craft, while speaking the arab luxury world conference that took place in the first week of June. UHNWIs are looking for bespoke experiences, but in a family oriented context, […]

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