New FCA rules create a challenge for wealth managers
New consumer duty regulations could bring significant upheaval
Legal
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Finma License: «At times, the burden was very high»
But the road was long and rocky. «We started the Finma process in June 2022, so it took a total of almost 14 months,» Wicki told finews.com.
Greensill debacle could cost Swiss insurers hundreds of millions
This was after Greensill received no insurance cover for loans to companies and the major Swiss bank had to forcibly close its Greensill funds with assets of over 10 billion dollars.
Hong Kong shifting landscapes of philanthropy and how family plays a part in it
With so much wealth accumulated within the region, many HNWIs turn to philanthropy as a means to support causes and help communities in lack.
Boodle Hatfield achieves best financial results in its 300 year history
Over the last six years the firm has averaged an annual increase of 6% in revenue and a 12% increase in profit.
MAS seeks views on framework to combat potential money laundering at single-family offices in S’pore
To qualify for the proposed class exemption, SFOs must be incorporated in Singapore
Archegos: FINMA concludes proceedings against Credit Suisse
In the course of its enforcement proceedings, the Swiss Financial Market Supervisory Authority FINMA found that Credit Suisse had seriously and systematically violated financial market law in the context of its business relationship with the Archegos family office. FINMA is ordering corrective measures from its legal successor, UBS. In addition, FINMA has opened […]
Gibson Dunn Recognized in Chambers High Net Worth 2023
Gibson Dunn was recognized in the 2023 edition of Chambers High Net Worth, a guide to the leading lawyers and law firms for international private wealth. The firm was recognized with a top tier ranking in China: Private Wealth Disputes. Hong Kong partners Brian Gilchrist and Elaine Chen were recognized in the China: Private […]
Mourant maintains top tier ranking in Chambers and Partners High Net Worth Guide 2023
Mourant has maintained its top tier ranking in the Chambers and Partners High Net Worth Guide 2023. The Chambers and Partners High Net Worth Guide differentiates the best legal talent in international private wealth by ranking law firms and lawyers in this area globally. It states that those recognised in the annual guide "understand the […]
Basel Committee consults on revisions to the Core principles for effective banking supervision
They are universally applicable and accommodate a range of banking systems and a broad spectrum of banks.
Triple lock and personal allowance face policy showdown as number of taxpaying pensioners soars 25%
Annual income tax statistics from HM Revenue & Customs have estimated that in this tax year there are 8.1million income tax payers above the state pension age, a 25% increase on the 6.47million pensioners who paid income tax in 2020/21.