Including: MALAYSIA - CAAM opens Malaysia office; GLOBAL - IASB and FASB announce roundtable locations; GERMANY - db x-trackers launches credit market ETFs
Crédit Agricole Asset Management Group (CAAM), had announced it is to open an office in Malaysia.
CAAM said the target of its Malaysian office was to develop its presence among local institutional investors and fund management companies looking to outsource. The office would also concentrate on Malaysian and regional Shariah equity investments, run by local fund managers.
GLOBAL - IASB and FASB announce roundtable locations
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have announced the locations for its series of round-table discussions aimed at identifying financial reporting issues highlighted by the global financial crisis.
The three roundtables will take place in London on 14 November 2008, the US in Norwalk, Connecticut, on 25 November 2008, and in Tokyo on 3 December 2008, providing an opportunity for members of the two organisations to get feedback form a wide range of stakeholders.
GERMANY - db x-trackers launches credit market ETFs
Deutsche Bank's exchange traded fund (ETF) platform, db x-trackers, has launched the first four ETFs on the long and short Markit iTraxx Europe Financials indices, based on credit indices developed by Markit.
The four UCITS III compliant ETFs allow clients to buy and sell credit protection on senior and subordinated financial debt in an ETF format for the first time and are listed on the Deutsche Bourse, denominated in Euros.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.