Managers of Wealth

The Edward Snowden Of The Banking World Keeps One Eye Open While On The Run From The Swiss And Helping Europe Snag Tax Cheats

Falciani has been welcomed with open arms by several European countries

Changes made to FINMA circulars to implement the Basel III regime

In order to implement the Basel III regime, FINMA has made changes to certain aspects of four of its circulars.

The Federal Department of Finance: Consultation On New Standards

Following the revision of the Swiss Code of Obligations concerning financial reporting, the accounting standards applicable to banks and securities dealers are being amended accordingly.

Fund managers face £3bn hit if sell-side research is banned

Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive

International law firm expands Asian family practice

The newly appointed Chinese team members will further expand and strengthen our offering to the growing Chinese high net worth market.

Bond Dickinson boosts private wealth team

The new recruits will join our nationally recognised team of expert advisers who make up one of the UK’s largest Private Wealth practices.

City regulator unveils plans to regulate crowdfunding

The Financial Conduct Authority has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.

Swiss bourse investigates UBS over ad hoc publicity

The Swiss bourse has opened an investigation into whether UBS may have violated rules on releasing news last year when it announced a major restructuring and a settlement of Libor-related claims

Swiss banker arrest may be tip of iceberg

The arrest of former UBS wealth management boss Raoul Weil in Italy at the weekend has sent out a stark message that there is no place to hide from United States prosecutors seeking payback for years of Swiss-sponsored tax evasion.

Bankhall launches workshops for compliance officers

It comes as the FCA increases its focus on Retail Conduct Risk and the need for firms to identify and review emerging risks and act upon any gaps identified.

HMRC may impose VAT on platform charges

HM Revenue & Customs is investigating whether platform charges should be subject to VAT.

FCA naming and shaming: is it right?

Firms under FCA investigation would not be named until it had decided to take action.

Advisers eye execution-only offerings despite FCA scrutiny

Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review

German prosecutors search UBS's local offices in tax probe

The move is part of a broader campaign by the German authorities to fight tax evasion, following similar raids to unearth possible untaxed funds hidden in accounts at Credit Suisse and Julius Baer.

Ukraine, EU to establish automatic exchange of tax information

Experts say the automatic exchange of tax information between Ukraine and the EU will provide additional opportunities to address the hiding of income in other countries and tax evasion.

Fugitive UBS banker arrested in Italian luxury hotel

He was arrested at the hotel and he is now being held in prison

France probes foreign tyrants' wealth

France is delving into what it calls the "bien mal aquis"

Linklaters relocates Stockholm PE head following Bagshaw and Youle exits

The pair are set to leave the magic circle firm at the end of December to join the London office of White & Case.

Russian Court Rules Not to Reopen Posthumous Magnitsky Case

Magnitsky was found guilty of tax evasion this summer, almost four years after he died in pre-trial detention in Moscow.

Tax and transfer pricing: Issues in Asia

Multinational banks, asset managers and insurers active across the Asia-Pacific region face particular challenges in demonstrating compliance and agreeing acceptable arrangements

Legal,Regulation,Tax & Compliance