08/17/2023
Basler Kantonalbank joins Amas after ‘significant’ expansion
It is the third cantonal bank to join the association this year.
Legal,Regulation,Tax & Compliance
08/15/2023
UBS resolves RMBS matter with US Department of Justice
UBS has reached an agreement with the United States Department of Justice (DOJ)
08/15/2023
UBS to pay $1.4bn to settle fraud claims from 2008 crisis
The bank had previously sought to have the case dismissed, saying prosecutors had not presented evidence of any intentional fraud.
08/14/2023
Credit Suisse Shareholders File Suit in Zurich Court
More than 500 people are behind the lawsuit. Shareholders had suffered heavy losses when the bank was rescued by UBS in March.
08/09/2023
New FCA rules create a challenge for wealth managers
New consumer duty regulations could bring significant upheaval
08/09/2023
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.
08/08/2023
GAM bidding dispute: Allianz strikes another snag
But now that is also being argued about.
08/08/2023
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.
08/02/2023
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.
08/01/2023
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.
08/01/2023
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
07/26/2023
Archegos: FINMA concludes proceedings against Credit Suisse
In addition, FINMA has opened enforcement proceedings against a former Credit Suisse manager.
07/25/2023
Archegos Probe Reveals Full Extent of Credit Suisse Failure
The shortcomings are serious and Finma has ordered far-reaching measures applying to the bank and its legal successor, UBS.
07/25/2023
UBS to pay $388m fines for Credit Suisse’s Archegos failings
Credit Suisse has been jointly fined by the Federal Reserve and UK's Prudential Regulation Authority
07/21/2023
Withers recognized as a leading firm globally in latest Chambers High-Net-Worth guide
Withers has "an impressive number of experts across a number of jurisdictions; they are all very knowledgeable in their field of expertise.
07/21/2023
Gibson Dunn Recognized in Chambers High Net Worth 2023
The firm was recognized with a top tier ranking in China: Private Wealth Disputes.
07/21/2023
Mourant maintains top tier ranking in Chambers and Partners High Net Worth Guide 2023
These rankings are widely acknowledged as the definitive mark of excellence across the sector.
07/19/2023
GAM Parries NewGame With Call to Approve Liontrust Offer
The Group opposes the takeover by Liontrust and wants to effect a turnaround at GAM.
07/14/2023
New Philanthropy Tax Incentive Scheme for Singapore Family Offices & Changes to the Fund Tax Exemption Regimes with effect from 5 July 2023
Both of these changes, announced by the Monetary Authority of Singapore ('MAS') on 5 July 2023, are summarised in this article.
07/07/2023
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.