Over the past several years, Hedge Funds have been taking time to re-examine their business models with the goal of reducing their cost structures. Business process re-engineering can be an effective technique to achieve this.

This year will see implementation of the most meaningful component of the US Foreign Account Tax Compliance Act, or FATCA as it is better known.

Recent scandals, such as BP’s Deepwater Horizon oil spill in the Gulf of Mexico, clearly demonstrate that entities which operate across multiple jurisdictions and business areas must ensure that their subsidiaries in these regions are adequately governed.

Last October, London hosted the World Islamic Economic Forum. It was the first time the event had been held outside the Muslim world, and it was strongly backed by the UK government, with George Osborne, the UK’s Chancellor of the Exchequer, saying that he wants the City of London to become “the unrivalled western centre for Islamic finance”.