Managers of Wealth

FCA proposals likely to hurt smaller MPS providers

Regulation aligning wealth and fund management activities will not worry large managed portfolio service providers but could threaten smaller businesses, warn industry figures.

Swiss Back Minimum Tax, Climate Goal; Geneva Rejects Wealth Levy

A rejection of the measure would have allowed other countries to pocket the estimated additional annual revenue of 1 billion to 2.5 billion francs ($1.1 billion to $2.8 billion), according to the OECD agreement.

Key Credit Suisse Whistleblower is Just Getting Started

The plight of a whistleblower is a difficult one - particularly when they are going up against what was once one of the world’s largest financial institutions.

Litigation financer Nivalion obtains asset manager licence

Nivalion generates money for investors by investing in court cases.

Genevans To Vote on Taxing the Rich

This weekend Genevans will vote on a proposition put forward by left-wing representatives to apply a solidarity contribution during a period of ten years on personal wealth over three million Swiss francs.

Warnings of ‘fire escape’ tax plans for wealthy Brits under Labour

He claimed clients who settled here for tax reasons to start with say they are willing to leave.

Swiss National Bank Detached From Fed's Upcoming Decision

This could then point to a further interest rate hike as early as July or as late as September.

Ex-Julius Baer employees win appeal over British ban

The three ex Bank Julius Baer employees appealed against the proposed bans to London's Upper Tribunal

HanseMerkur Trust Swiss receives Finma licence

The company is a subsidiary of a Hamburg health insurance provider.

Odey Asset Management freezes funds as clients pull money, prime brokers flee

Crispin Odey has denied the allegations of misconduct, which were jointly reported by the Financial Times and Tortoise on Thursday.

Completion of large banks merger brings clarity and stability

FINMA will continue to supervise the merged large bank very closely during the integration process.

UBS and Swiss government sign Loss Protection Agreement

The agreement will remain in effect until the realization of all assets covered by the guarantee, or until it is terminated by UBS.

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

Legal,Regulation,Tax & Compliance