10/29/2013
A specific concern is that some asset managers are pushing the definition of ‘research’ by using client commissions to cover non eligible costs and services.
10/29/2013
Speech by Clive Adamson, FCA Director of Supervision, at the FCA Asset Management Conference, London.
10/29/2013
Keynote speech by Martin Wheatley, Chief Executive of the FCA, at the FCA Asset Management Conference, London. This is the text of the speech as drafted, which may differ from the delivered version.
10/28/2013
The Zurich stock exchange’s regulatory unit said it’s investigating Liechtensteinische Landesbank AG for possibly breaching rules on the disclosure of management transactions.
10/28/2013
The original deal between the Swiss and British governments was agreed in 2011.
10/28/2013
Falciani has been welcomed with open arms by several European countries
10/28/2013
In order to implement the Basel III regime, FINMA has made changes to certain aspects of four of its circulars.
10/28/2013
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.
10/27/2013
Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive
10/24/2013
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.
10/23/2013
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.
10/23/2013
The Financial Conduct Authority has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.
10/23/2013
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
10/22/2013
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.
10/22/2013
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.
10/22/2013
HM Revenue & Customs is investigating whether platform charges should be subject to VAT.
10/22/2013
Firms under FCA investigation would not be named until it had decided to take action.
10/21/2013
Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review
10/21/2013
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.
10/21/2013
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.