Europe

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Morningstar recognised as non-EU administrator of benchmarks under the European Benchmarks Regulation (BMR)

Morningstar recognised as non-EU administrator of benchmarks under the European Benchmarks Regulation (BMR)

Morningstar, a provider of independent investment research, has been recognised as a non-EU Administrator of benchmarks under the European Benchmarks Regulation (BMR). The BMR introduces a common framework and consistent approach to benchmark regulation, with an objective of ensuring the accuracy and integrity of benchmarks across the European Union.

Tax

Financial services sector fears impact of Financial Transaction Tax on trading, liquidity, and active management

Financial services sector fears impact of Financial Transaction Tax on trading, liquidity, and active management

The possible introduction of a financial transaction tax (FTT) in the US and Europe to make up for lower tax revenues resulting from the Covid-19 pandemic, is raising concern from investors and advisers, shows new data from Greenwich Associates.