08/13/2014
The Swiss central bank classified Raiffeisen Group, a privately held bank owned by its customers, as a lender subject to tougher rules because of its systemic relevance to the country’s economy.
08/13/2014
Many of them were asleep at the wheel last time so they want to be wide awake to any potential problems when the next financial crisis starts to rear its ugly head.
08/12/2014
Both sources spoke on condition of anonymity as they are not authorized to speak publicly about the matter.
08/12/2014
“Shocking and outrageous,” is how the boss of one of the world’s largest independent financial advisory organisations describes plans being considered by the government for people to pay inheritance tax (IHT) whilst they are still alive.
08/11/2014
The opinion represents the fruits of the EBA’s consultations with other European authorities
08/11/2014
Senator Philip Ozouf and John Harris are the latest big names to confirm they will be speaking at the businesslife.co Jersey Funds Forum 2014: The Global Perspective.
08/10/2014
The claws are out on bankers’ bonuses
UK regulators have put forward what they say are the world’s toughest rules on bankers’ pay.
08/08/2014
Carey Group has become the first listing agent in the world not based in the Cayman Islands to become a Cayman Islands Stock Exchange (CSX) listing agent.
08/07/2014
The FCA sees positive benefits from using social media but there has to be an element of compliance
08/07/2014
The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.
08/07/2014
EY senior manager walks into Bovill wealth management team
His prior experience includes a four-year stint at the FSA as manager of a thematic review team.
08/07/2014
Initial industry feedback estimates that hundreds of ICAVs will be formed in the initial phases representing billions of euros. As a result, it will immediately become one of the most popular legal forms for Irish funds.
08/06/2014
Switzerland decided in March against imposing its own sanctions in response to the Ukraine crisis and its economy minister said last weekend the cabinet had no plans to change this policy.
08/06/2014
The promoters reaped more than $2.5 million in illegal profits through their schemes.
08/06/2014
According to a BNY Mellon and FTI Consulting survey of firms in Europe, only two-fifths of asset managers had received authorisation and almost a fifth did not have the required AIFMD structure in place by July 22.
08/06/2014
The former bankers argued that they had an unwritten agreement with the bank that their bonuses would be calculated based on an “economic value added” formula, rather than the profit and loss accounts of their desk.
08/06/2014
The new rules on remuneration have been imposed due to concerns over excessive risk taking and bankers’ role in the financial crash of 2008.
08/05/2014
Doubts over Macquarie Private Wealth compensation
The only people we know who’ve received compensation are people who’ve taken court action or lodged complaints with the Financial Services Ombudsman
08/05/2014
With the release of the latest batch of reviews, the Global Forum has now completed 143 peer reviews and assigned compliance ratings to 64 jurisdictions that have undergone Phase 2 reviews.
08/05/2014
FATCA is US law, but what does “UK FATCA” mean?