Managers of Wealth

Columbia Threadneedle suspended dealing in CT UK Property Authorised Investment fund to Restore Liquidity

Suspension of dealing protects interests of all investors

Key Takeaways from the UK Regulatory Industry for Q3 2022

The new register will require anonymous foreign owners of UK property to reveal their real identities to ensure criminals cannot hide behind secretive chains of shell companies.

UBS Hit with Another US Fine

Although UBS conducted annual reviews of its systems, it failed to identify the improper treatment of shares associated with long-selling activities by clients.

Kim Kardashian Fined For Crypto Promotion

In addition to the fine, Kardashian was ordered to refrain from advertising crypto asset securities for the next three years.

VAT and the Travel Industry – UK and wider developments

With travel picking up again following the pandemic, now is a good time to think about how the VAT world has changed, what this means for your business and the further changes that may be coming down the line.

Tax cuts, the Bank of England’s response and our UK outlook

The announcement prompted the largest two-day sell off in gilts on record, the pound hitting a record low against the dollar, and rising risk premia in UK assets, including sovereign credit default swaps.

Changes to the definition of bank: the evolution of taxation in the financial sector

Although presented as a routine update, the changes widen the range of financial services companies that will need to consider the tax definition of a bank.

Deloitte Switzerland reports eight per cent growth and further increases its sustainability and technology focus

With the appointment of heads of sustainability and technology to the Swiss Executive Group, a wider talent base and a strong first quarter, Deloitte Switzerland is well equipped to achieve double-digit growth in the current financial year.

Bank of England monitoring Credit Suisse as market concern rises - reports

Speculation driven by statement

Millions in fines against UBS and Credit Suisse for text messaging

From 2018 to 2021, employees of the fined financial firms routinely communicated about business matters using messaging applications on their personal devices.

Saltus: Nearly 80% of HNWIs weren’t asking for tax cuts

Prior to Friday's Budget, nearly 80% of wealthy individuals said in a survey that they were paying the right amount or not enough tax.

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.

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.

Mini-Budget: Chancellor scraps 45% income tax rate

Tax rate to fall from 45% to 40% for those earning more than £150,000.

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.

Morgan Stanley Pays $35M SEC Fine Over Data Security

About 15 million clients’ details were compromised over a five-year period starting 2015.

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.

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.

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

Legal,Regulation,Tax & Compliance