The Financial Services Authority (FSA) is warning asset managers that outsource activities to external service providers to exercise "care and diligence" when entering into any arrangement, and to ensure they have a "robust" exit plan should something go wrong.
It has written a ‘Dear CEO' letter to express its concerns, pointing out that, based on its findings, it is "not confident" effective recovery and resolution plans are in place for the UK asset management...
Industry Voice: Lyxor ETF's guide to investing in US Equities
‘Still work to do' on Cofunds
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WTI fell 7% on Tuesday
Draft text agreed between UK and EU