Managers of Wealth

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

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

'The SNB rate hike slapped the ECB in the face': PineBridge chief economist

‘Negative interest rates were really dumb,’ according to Markus Schomer.

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.

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.

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.

SFDR to determine future fund flows in Europe despite greenwashing concerns

Article 9 funds saw inflows in Q2

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

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.

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.

UAE wealth firms fined for regulatory breaches

Watchdog said it is ‘committed’ to make companies comply with the rules

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

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.

Completion of BNP Paribas Jersey Trust Corporation Limited

This latest deal will bring additional scale and local expertise to ZEDRA’s already fast growing Jersey office.

Tax non-compliance to be ‘hard and costly’: Sars wealth unit director

Anyone believing that they are ‘out of sight, out of Mind’ may fast find themselves being approached by revenue service, says Natasha Singh.

Insurance woman wins discrimination lawsuit against Swiss Re

Sommer says she was passed over for two managerial positions while she was on maternity leave, despite having more experience than those hired later.

Bank compliance for wealth management subsidiaries

When establishing BWMS, the qualifications and business capacities of shareholders, especially initiators and controlling shareholders, are of great concern and strictly examined by regulators.

UK FCA issues clarification on IFPR and SM&CR

This was to retain the definition in the FCA’s rules following deletion of the IFPRU sourcebook.

‘Absolutely glorious’: Malaysians hail jailing of Najib Razak

Malaysians say they hope Najib’s jailing serves as a warning against corruption as the former prime minister spends his first day in prison at a complex outside the capital.

UBS set for CHF 200m fine over messaging app misuse – report

The banks will also admit their staff’s use of the apps, such as WhatApp, was against regulations, the article continues.

Legal,Regulation,Tax & Compliance