09/26/2022
FCA aware of Schroder trust valuation mistake
The company’s shares have, in fact, dropped by nearly 60 per cent in the period since the IPO.
Legal,Regulation,Tax & Compliance
09/26/2022
The Rise of Fiscal Dominance
It should not be forgotten that, as the global financial crisis unfolded, the US Federal Reserve led the response by cutting interest rates to zero and deploying its balance sheet for the first time in its history to battle the deflationary shock.
09/23/2022
Mini-Budget: Chancellor scraps 45% income tax rate
Tax rate to fall from 45% to 40% for those earning more than £150,000.
09/22/2022
Fed ready to bring the pain in inflation fight
US central bank delivers unprecedented third back-to-back 75 basis point hike and signals inflation battle far from over.
09/21/2022
Morgan Stanley Pays $35M SEC Fine Over Data Security
About 15 million clients’ details were compromised over a five-year period starting 2015.
09/20/2022
Swiss private bank EFG sued by ex-basketball star
The three-time champion in the American professional league NBA accuses a customer advisor of the predecessor bank Banca della Svizzera Italiana (BSI) of colluding with his personal financial advisor Paolo Banfi and embezzling 11 million dollars.
09/20/2022
Waiting for clarity on an Italian government
Italy’s consumer prices rose 8.4% in July, compared with a year earlier. Inflation in the eurozone rose by an annualised 9.1% in August, from 8.9% in July, estimates Eurostat, the EU’s statistics agency.
09/19/2022
New U.K. leader's policies keeping managers on guard
Prime Minister Liz Truss plans to cap energy prices and also wants to cut taxes
09/16/2022
CSSF issues communication on requirements according to SFDR and SFDR RTS.
Luxembourg’s Commission de Surveillance du Secteur Financier has issued a communication to the investment fund industry on regulatory requirements in relation to Regulation 2019/2088 on sustainability-related disclosures in the financial services se
09/15/2022
'The SNB rate hike slapped the ECB in the face': PineBridge chief economist
‘Negative interest rates were really dumb,’ according to Markus Schomer.
09/09/2022
SIX Benefiting from Sino-American Audit Debate
Last month American and Chinese officials agreed to allow Chinese accounting firms to share more information with US regulators about the finances of Chinese companies listed on U.S. stock exchanges.
09/06/2022
Top Credit Suisse Lawyer Markus Diethelm Faces Crucial First Test
Starting this week, Credit Suisse faces a three-week trial in the Singapore courts that could end up having it cough up several hundred million more dollars in a case that has already cost it plenty.
09/06/2022
Ex-Georgia PM Accuses Credit Suisse of Mishandling Assets
In an opening statement, Ivanishvili’s lawyers said the trustee had calculated losses totaling $818.2 million, below the original estimate of $1.27 billion.
09/06/2022
SFDR to determine future fund flows in Europe despite greenwashing concerns
Article 9 funds saw inflows in Q2
09/05/2022
Credit Suisse chief Ulrich Körner faces early test in $800mn Singapore trial
Georgia’s former prime minister Bidzina Ivanishvili has already won $608mn in related case
09/05/2022
Credit Suisse court spat with billionaire kicks off in Singapore
The dispute with Ivanishvili adds to the problems the newly appointed chief executive officer Ulrich Koerner and chairman Axel Lehmann are keen to resolve as the bank reels from reputational hits in the last 2 years.
09/05/2022
Swiss Sberbank goes to entrepreneurs with Lebanese roots
The transaction has received the approval of the authorities responsible for the sanctions provisions in Switzerland and abroad, Finma said.
09/02/2022
UAE wealth firms fined for regulatory breaches
Watchdog said it is ‘committed’ to make companies comply with the rules
08/31/2022
Our tax system is in urgent need of an overhaul
Tax rules are stacked in favour of the rich and unless there is meaningful change we could be heading for disaster
08/30/2022
Leo Wealth Opens Tokyo Office for US Tax Services
The new office will specifically focus on US income tax preparation and planning, tax compliance, and cross-border inheritance tax planning and tax-efficient outcomes.