Managers of Wealth

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.

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.

Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree - reports

Firmer foothold for wipeout contest

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.

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

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.

EU Weighs Easing Burden for Banks Dealing With Wealthy Clients

That means banks stand to boost fee income if transactions are facilitated.

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.

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

Swiss court registers 150 lawsuits against FINMA over Credit Suisse AT1 wipe-out

Between 2000 and 2500 appellants

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.

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.

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.

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.

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.

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.

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.

Legal,Regulation,Tax & Compliance