12/23/2021

One of Switzerland’s Richest Foundations in Turmoil

A key person for the institution’s transformation is family-outsider and controversial figure Monika Matti, who manages important parts of the Sandoz Family Foundation and represents the foundation on several company boards.

12/21/2021

KPMG Records Strong Growth in FY21

The aggregate revenue of KPMG member firms in the Middle East & South Asia region grew by 7.8% in US dollar terms for FY21

12/20/2021

António Horta-Osório Bumbles Through Minefield

A new day, a new imbroglio involving António Horta-Osório, who last week apologized for breaking Swiss quarantine, only to be reported to have mixed business in Asia with an Indian Ocean stopover.

12/20/2021

PRA fines Standard Chartered Bank

The PRA’s investigation identified that SCB’s internal controls and governance arrangements underpinning its regulatory reporting in relation to the liquidity metric were not implemented or operating effectively.

12/20/2021

Credit Suisse Unit Awaits Bermuda Judgement

A group of Eastern European oligarchs is fighting against the Swiss lender in several jurisdictions for fraud allegations. In Bermuda, a conclusion is nearing.

12/19/2021

Financial Regulation Horizon Report 2022

These developments, as well as post-Brexit development of the UK’s new regulatory framework and changes arising through the Wholesale Markets Review