Banking

Portfolio Insurance

Portfolio Insurance: A Concern for Industry Regulators?

Most people are familiar with the traditional forms of insurance: home, life, auto, fire and more recently, disaster insurance. What you may not be familiar with is “Portfolio Insurance.” These are the non-traditional and non-insurance forms – products sold by the industry, some of which involve the use of derivatives. When primary insurers sell a policy

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FATCA

Protect Yourself from the Effects of FATCA

How will the U.S. Foreign Account Tax Compliance Act (FATCA) impact you? In an attempt to wring every last tax dollar out of Americans the Obama administration enacted FATCA into law on March 18th, 2010. With its 30% withholding Tax, it sent shock waves throughout the world. It is estimated that this law would cost global banking institutions between

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London Olympics Fueled Aussie Supporter Spending

Spending Trends- The Olympic Games were an impressive spectacle in London over the last few weeks and analysts predict that it will create world-wide spending ripples.  For instance, the jolliness is expected to contribute $2.6-billion into the Australian economy, the bulk of which is believed to be spent at bars and pubs. And, interestingly enough, this time, it’s the

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