11/02/2013
Swiss Politicians Push for Stricter Bank Capital Rules
Swiss politicians have proposed rules that could force the two banks to make far fewer loans and investments in relation to the capital they keep on hand.
Legal,Regulation,Tax & Compliance
10/31/2013
France investigates chairman of Swiss bank Reyl
The probe follows the release of former Reyl banker Pierre Condamin-Gerbier from Swiss prison in September after he said he held a list of French politicians with undeclared funds in secret Swiss bank accounts.
10/30/2013
UK To MakePpublic True Owners of Companies in Drive Against Tax Evasion, Crime
UK to lift secrecy over who are real owners of companies
10/29/2013
German prosecutors say too early to settle UBS tax probe
One of the German authorities investigating the role of UBS in helping Germans dodge taxes said it is too early to settle the probe with the Swiss bank.
10/29/2013
PwC US Releases 2014 Guide to Tax and Wealth Management
PwC US released today a new edition of Managing Your Wealth: Guide to Tax and Wealth Management, to help high-net-worth individuals, families, and business owners better understand and play an active role in growing and preserving their wealth.
10/29/2013
Regulator threatens "revolutionary" approach to achieve asset management transparency
A specific concern is that some asset managers are pushing the definition of ‘research’ by using client commissions to cover non eligible costs and services.
10/29/2013
Fair, transparent and competitive: the FCA’s vision for the asset management sector
Speech by Clive Adamson, FCA Director of Supervision, at the FCA Asset Management Conference, London.
10/29/2013
Shaping the future in asset management by Martin Wheatley, Chief Executive of the FCA
Keynote speech by Martin Wheatley, Chief Executive of the FCA, at the FCA Asset Management Conference, London. This is the text of the speech as drafted, which may differ from the delivered version.
10/28/2013
Swiss Exchange Probes Liechtenstein Bank’s Director Deals
The Zurich stock exchange’s regulatory unit said it’s investigating Liechtensteinische Landesbank AG for possibly breaching rules on the disclosure of management transactions.
10/28/2013
HMRC collects just £780m from supposed £3bn Swiss tax deal
The original deal between the Swiss and British governments was agreed in 2011.
10/28/2013
The Edward Snowden Of The Banking World Keeps One Eye Open While On The Run From The Swiss And Helping Europe Snag Tax Cheats
Falciani has been welcomed with open arms by several European countries
10/28/2013
Changes made to FINMA circulars to implement the Basel III regime
In order to implement the Basel III regime, FINMA has made changes to certain aspects of four of its circulars.
10/28/2013
The Federal Department of Finance: Consultation On New Standards
Following the revision of the Swiss Code of Obligations concerning financial reporting, the accounting standards applicable to banks and securities dealers are being amended accordingly.
10/27/2013
Fund managers face £3bn hit if sell-side research is banned
Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive
10/24/2013
International law firm expands Asian family practice
The newly appointed Chinese team members will further expand and strengthen our offering to the growing Chinese high net worth market.
10/23/2013
Bond Dickinson boosts private wealth team
The new recruits will join our nationally recognised team of expert advisers who make up one of the UK’s largest Private Wealth practices.
10/23/2013
City regulator unveils plans to regulate crowdfunding
The Financial Conduct Authority has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.
10/23/2013
Swiss bourse investigates UBS over ad hoc publicity
The Swiss bourse has opened an investigation into whether UBS may have violated rules on releasing news last year when it announced a major restructuring and a settlement of Libor-related claims
10/22/2013
Swiss banker arrest may be tip of iceberg
The arrest of former UBS wealth management boss Raoul Weil in Italy at the weekend has sent out a stark message that there is no place to hide from United States prosecutors seeking payback for years of Swiss-sponsored tax evasion.
10/22/2013
Bankhall launches workshops for compliance officers
It comes as the FCA increases its focus on Retail Conduct Risk and the need for firms to identify and review emerging risks and act upon any gaps identified.