11/18/2022
Apex Group Budget Briefing - Autumn Statement 2022
The Office for Budget Responsibility saw an average inflation rate for this year of 9.1% and 7.4% predicted for next year.
Legal,Regulation,Tax & Compliance
11/16/2022
GFG Takes Step Towards Settlement With Creditors
The agreement, subject to approval, pauses further litigation by the Swiss bank against the steel group.
11/16/2022
Swiss National Bank Chairman Hints Again at Future Rate Hikes
The market expects the SNB to hike rates at its next monetary policy meeting on Dec. 15, a forecast Jordan acknowledged, adding market expectations had the SNB's policy rate rising to 1.5% to 2% in the next two years.
11/15/2022
UBS Wealth Managers Who Jumped Ship Sued in the US
UBS is now suing seven members of the team saying they contacted UBS clients to lure them to RBC in violation of confidentiality and nonsolicitation agreements.
11/15/2022
Former Morgan Stanley CEO on Swiss banks: Secrecy is 'their nature'
It also promised to reveal any hidden bank accounts.
11/11/2022
Basel trustee firm receives Finma licence
Atag Swiss Trustees was founded in 1945 and is part of the Atag Group.
11/10/2022
FINMA Risk Monitor 2022: increased risks due to uncertain prospects
It derives its supervisory focus from these.
11/10/2022
Switzerland and the UK strengthen their cooperation in research and innovation
The MoU is intended to create stronger networking and cooperation between the research and innovation communities of both countries.
11/10/2022
Swiss-Asia AM fined HK$3m for regulatory breaches
It failed to monitor record keeping and trading activities in discretionary accounts
11/09/2022
Sunak considers raising additional rate tax band
The prime minister is considering raising the 45% rate or lowering the £150,000 threshold at which the tax band kicks in.
11/09/2022
Authorities raid UBS offices in Germany
The searches are connected to the Russian oligarch Alisher Usmanov. Usmanov is already the subject of several investigations on suspicion of money laundering.
11/08/2022
Managing risks with related party transactions
Even seemingly small transactions must be recorded on related party registers and may require disclosure in the financial statements.
11/08/2022
Swiss sustainability regulation is ‘a disaster’: Quaero Capital CEO
Jean Keller criticised the lack of rules regarding sustainability in Switzerland and said regulations are required to help customers make informed decisions.
11/02/2022
Private bank obtains Cayman licence
It can now offer services to HNW individuals residing in the region
11/02/2022
How Wealthy Clients Can Start Preparing Now For Tax Season
A client with foreign bank accounts can have their 2022 Form 114 prepared and filed in January.
11/01/2022
Ropes & Gray Advises the Management Team of Churchill Asset Management in Nuveen’s Acquisition of Arcmont Asset Management
The Ropes & Gray team that advised the Churchill management team was led by private equity partner Daniel Evans
11/01/2022
LGT Navigator: Monetary policy continues to set the tone
In New York, the stock indices rose sharply again on Friday, mainly thanks to lower bond yields and thus ended a strong stock market week.
10/28/2022
Imbalances in housing wealth demand radical tax reform
OECD advice includes cracking down on tax evasion and ensuring property valuations are regularly updated
10/27/2022
Building Bridges: the COP31 lobby in Switzerland
If Switzerland hosts the COP in 2026 there will be an opportunity to create a more reasonable format that is adapted to environmental constraints and to have an agenda that focusses on themes where Switzerland has particular expertise.
10/26/2022
Bill Hwang Urges End to SEC Lawsuit Against «Legitimate» Practices
The SEC declares unlawful a number of practices that have long been accepted as entirely legitimate and commonplace in the market,» Hwang indicated in his filing.