A good friend and industry colleague recently noted very few things still surprise him these days in financial services.

Some of the UK's largest hedge funds could bid Britain farewell unless the draft EU Alternatives Directive is "drastically modified," according to regulatory and consultancy firm Laven Partners.

The number of advisers planning to exit the market completely as a result of the RDR and fresh capital adequacy requirements is rapidly decreasing, a survey suggests.

Britain is preparing to suspend the constitution of the Turks and Caicos Islands as a long-awaited inquiry is expected to find evidence that the country has been plagued by endemic corruption.

BlackRock has agreed to buy Barclays Global Investors (BGI), including its exchange traded fund platform iShares, in a cash and shares deal worth $13.5bn (£8.15bn).

Cru is considering an approach to former Arch CIO Michael Derks, with a view to him helping them assume investment management duties over the Arch Cru range.

Here we list who has moved where in another busy week in the offshore sector.

OBSR has suspended the A-rating for the Artemis New Enterprises fund following the announcement that the group plans to merge the fund into the Artemis UK Special Situations fund.

The expat mortgage market is showing signs of life again just six months after the near total withdrawal of the major lenders, experts say.

The Financial Services Authority (FSA) may have deliberately misled the committee over Icelandic banks, MPs have claimed, The Telegraph reports.