European regulator issues ‘closet trackers’ warning

The FCA is being urged to scrutinise Ucits funds after research by an influential European regulator revealed up to 15 per cent are “closet trackers”. Research by the European Securities and Markets Authority of Ucits funds across Europe found between 5 and 15 per cent of the funds it examined are closet trackers, but charging […]


Self-cert mortgage boss: ‘Euro rules won’t stop us lending’

Suggestions that will have to cease lending once the Mortgage Credit Directive comes into force are baseless, according to founder Graeme Wingate. Here, Wingate speaks to Money Marketing sister title Mortgage Strategy about the future of the lender, rebuffs FCA inferences about the firm and answers his critics. There have been suggestions that you will […]

Draghi gets backing for eurozone QE extension

The European Central Bank’s governing council has given its support to extending quantitative easing next month. A statement on the minutes of the monetary policy meeting of the 20 and 21 January, published today, show the ECB’s governing council unanimously said the aggressive policy stance “needed to be reviewed and possibly reconsidered” at the next meeting in March. […]


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