Managers of Wealth

The FRTB deadline is approaching—are you ready?

Both tests require an accumulation of data over a 12-month period that requires having processes in place for modeling, data collection and testing well ahead of time.

UAE shakes up residency rules by offering passports to wealthy expats

Emirate hopes reforms will encourage investment and boost economy

Expat nightmare: Britons in Italy warned 'taxes could rise by thousands'

BREXIT could see expats in Italy hit with extra tax duties as Britons in Spain already rush home.

CEO's Surprise Exit Leaves Finma in the Lurch

Finma's board had no idea Branson was being courted by Berlin, which is dealing with one of the biggest German corporate scandals in recent history, Wirecard.

Credit Suisse sues billionaire who published report over banking fraudster

Group seeks to extend a preliminary order forcing the removal of the document from a website

Milestone for UK financial services as Bill receives Royal Assent

The UK has taken an important first step in shaping its own financial services regulation outside the EU as the Financial Services Bill received Royal Assent today (29 April 2021).

Cross-border law enforcement after Brexit: partnering in crime

While some teething problems may be expected, the TCA gives agencies broad powers to obtain one-off binding requests for documents, records of witness interrogations by the police and formal court testimony from abroad.

Federal Council adopts national gender equality strategy

Switzerland has seen much progress in gender equality since the introduction of women's suffrage 50 years ago.

Russian Billionaire Faces Swiss Probe Over Monaco Arrest

Probe was opened in February by Swiss federal prosecutors

UK announces new sanctions regime to stop money launderers treating country as ‘honey pot’

The move brings the UK in line with the US and Canada in adding corruption to its Magnitsky Act sanctions regime.

Coutts sex claims banker launches firm with Prince Andrew

Prince Andrew has launched a private office investment business alongside a former top Coutts banker who resigned following an alleged sexual harassment scandal.

International fight over tax revenue jeopardizes Switzerland’s attractiveness as a location

KPMG expects to see another, albeit moderate, tax cut in the next few years since some cantons have not yet implemented all the tax reductions that were provided for within the scope of the Corporate Tax Reform TRAF.

Financial Regulation, Transparency, and Compliance: Switzerland in the top tier yet again

Given the importance of the banking sector for countries like Switzerland or the UK, the index documents and highlights efforts and developments relative to other financial centers.

The European Commission Unveils New Sustainable Finance Package

The package focuses on material sustainability reporting and disclosure obligations, as the EU looks to direct capital toward sustainable activities.

Woodford sets up in Cayman after Jersey backlash

JFSC Director General Martin Moloney then ramped up the regulatory rhetoric, launching what the Financial Times described as a “blistering attack” on Mr Woodford’s plans

Swiss bank pays up to settle German tax evasion probe

A long-running dispute with Germany is fading now that both countries and others automatically exchange data about bank accounts.

UK Footballers and their agents face increased tax bills as HMRC clamp down on perceived tax loophole

The element of the payment which is made on behalf of the player will be treated as taxable income of the player as a ‘benefit in kind’.

Credit Suisse: FINMA opens proceedings in “Archegos” case and confirms ongoing proceedings in “Greensill” case

FINMA will investigate in particular possible shortcomings in risk management. FINMA will appoint a third-party agent to investigate the matter at the bank.

Heirs to German Industrial Fortune Face $6 Billion Tax Bill

Payment may be largest in German history, magazine reports

US President to 'propose hiking tax on rich'

The plan would also nearly double taxes on capital gains to 39.6% for people earning more than $1m.

Legal,Regulation,Tax & Compliance