Managers of Wealth

Lex Greensill and former Credit Suisse bankers face Swiss criminal case - reports

Funds linked to Greensill Capital

UBS imposes restrictions on Credit Suisse staff to reduce transaction risk - reports

Nearly two dozen ‘red lines’

PIMFA warns of ‘halo effect’ from FCA marketing rules for crypto-assets

Crypto-assets are not regulated, are highly volatile and therefore high risk and should only be invested in by sophisticated investors that understand the risk they are taking, not mass market investors.

UBS signs loss-protection agreement with government

The guarantee mainly covers assets that Credit Suisse already intended to wind down, according to the finance department.

UBS Calls EU Antitrust Fine Too High and «Arbitrary»

In recent years Billions in fines have been handed down against the financial industry worldwide to various players for manipulating foreign exchange, the Euribor and Libor reference rates, and bonds.

Japan unlikely to ditch negative rates for another year-Nomura Asset Management

. The BOJ jolted markets late last year by allowing 10-year yields to rise to a limit of 0.5%.

Brookfield faces allegations of tax avoidance ahead of AGM

Jason Ward, principal analyst at CICTAR in Sydney, questioned whether Brookfield can claim to be a responsible investor.

UBS Expects to Ink Government Loss Guarantee Tomorrow

That agreement, which is one of the final pieces of the puzzle that needs to be completed for the takeover, is expected to be finalized tomorrow

Stephenson Harwood wins four awards at WealthBriefingAsia & Greater China Awards 2023

These annual awards, which are part of WealthBriefing's global awards programme, recognise firms, teams, and individuals that have demonstrated innovation and excellence during the last year.

Anti-tax bias exists within private wealth industry

The research said the industry uses homogenous “anti-tax” language in its communications and is "too quick" to default clients into products and services focused only on tax reduction and tax-led structuring.

FCA approves prospectus of Rathbones’ merger with Investec W&I

The regulator has given the go-ahead to prospectus and shareholder circular of the deal between Rathbones and Investec W&I to create a £100bn wealth giant.

Charity land disposals: new law is coming into force

Third Sector magazine has reported research that the number of fundraising jobs advertised as offering hybrid working has grown by 900 per cent since before the pandemic.

2% tax on UK rich list families ‘could raise £22bn a year’

Campaigners for tax reform say similar levies in Europe have helped to reduce inequality

Carey Olsen named Offshore Law Firm of the Year by Chambers Europe

Winners across the 26 categories were selected based on extensive research and client interviews conducted by a team of more than 200 research analysts.

Swiss Government Orders Credit Suisse Bonus Ban

he order, which follows the multibillion-dollar government bailout of Switzerland's second-largest bank, applies to around 1,000 bankers at the top three management levels of Credit Suisse.

FCA proposals to align rules for fund managers and discretionary investment managers pose material threat, says PIMFA

PIMFA members are deeply concerned that such an alignment would result in rules that have been specifically designed for the management of funds

AFCA outlines systemic issues in wealth management

In the superannuation sector, one identified issue concerned the provision of insurance attached to super funds.

FCA plans to align rules for fund managers and investment managers pose material threat says Pimfa

The extension of fund rules to managed portfolio services would, in almost all cases, be entirely inappropriate.

FCA says it wants the UK to become ‘hostile environment’ for fraudsters at PIMFA’s Financial Crime Conference

Mr Hulme said the FCA was planning to do more in the coming years however with a new dedicated function within the regulator designed to proactively identify fraud and money laundering in the industry.

Qatari sovereign wealth fund considers legal action over Credit Suisse takeover

Credit Suisse’s second-largest shareholder, Qatar Investment Authority, is exploring a mandate against the Swiss government.

Legal,Regulation,Tax & Compliance