05/19/2023
Bermuda: Are you PIPA ready?
PIPA outlines the requirements for individuals and organisations that use personal information, as well as the rights that individuals have regarding the use of their personal information.
Legal,Regulation,Tax & Compliance
05/18/2023
Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree - reports
Firmer foothold for wipeout contest
05/17/2023
Changes to Jersey's 'high-net-worth' laws propose higher taxes and minimum net worth
If approved, the changes to the law will not affect existing residents, who will continue to pay taxes at their current rate.
05/17/2023
UBS filed an amended Form F-4 registration statement with the SEC
The unaudited pro forma condensed combined financial information is presented for illustrative purposes only
05/17/2023
Crypto «Wunderkind» in Severe Breach of Swiss Regulations
Furthermore, both Yousef and the Dohrnii Foundation failed in part failed to comply with their duty to provide information to Finma during the investigation.
05/16/2023
EU Weighs Easing Burden for Banks Dealing With Wealthy Clients
That means banks stand to boost fee income if transactions are facilitated.
05/15/2023
Corfinancial implements CSDR compliance software at Man group
With CSDR, it is important to have failed trade monitoring and cash penalties in the same solution.
05/05/2023
Is now a sensible time to introduce a wealth tax in the UK?
Tax policy should have the effect of maximising the tax take while minimising the damage to the tax base
05/05/2023
Swiss court registers 150 lawsuits against FINMA over Credit Suisse AT1 wipe-out
Between 2000 and 2500 appellants
05/04/2023
Asia’s Credit Suisse’s AT1 Holders File Lawsuit
The news agency indicated that the legal claim was filed in Switzerland on Wednesday, 3 May 2023, citing Mahesh Rai, a Singapore-based lawyer for Drew & Napier LLC.
05/02/2023
Key regulatory considerations in wealth management M&A
In this series of articles, we look at a variety of aspects in M&A transactions which can affect value, for buyer or seller, and propose ways of addressing these in the commercial terms to enhance value.
04/28/2023
Luxury property hit by tax hikes for foreigners
The Singapore government's decision to double stamp duties for foreigners could slow down purchases of luxury homes and affect the city-state’s competitiveness as an investment hub.
04/27/2023
Time to lock in yields as central banks near end of hiking path
The European Central Bank is also likely to push borrowing costs higher at its policy meeting next week.
04/26/2023
Finma: Important Lessons to be Learned from Credit Suisse
Each year, the systemically important banks in Switzerland have to submit plans on how they can stabilize themselves in the event of a crisis.
04/24/2023
FCA restricts wealth management firm over client money concerns
It also noted that the firm failed to obtain appropriate acknowledgment letters for client bank accounts where client money is held.
04/21/2023
Subprime Debacle Catches up With Credit Suisse in Court
The suit was brought by Loreley Financing, a subsidiary of German bank IKB, which alleges Credit Suisse misled it with false statements in a $100 million investment in 2007.
04/21/2023
Tax-free income top of mind
The bias toward higher quality was illustrated by positive flows for US Treasury exchange traded funds. Conversely, high yield corporate ETFs lost assets.
04/21/2023
Eight steps to protect your business from internal fraud
Once you understand the threat that insiders can pose to your business, it’s key to take action sooner rather than later.
04/21/2023
New iPhone app for HNWs caught up in fraud and tax raids
HNWs and businesses facing dawn raids by the SFO and HMRC can now get rapid-fire advice when the authorities turn up unannounced
04/21/2023
Swiss court refuses to release part of Lebanese central bank chief funds
The report also said that millions of dollars had been frozen by Swiss authorities.