Managers of Wealth

Is Swiss fiscal virtue too much of a good thing?

Ahead of the Swiss National Bank’s next monetary policy meeting, GianLuigi Mandruzzato looks at the medium-term perspectives for the Swiss economy and its monetary and fiscal policy mix.

FINMA publishes partially revised Circular on “Direct transmission”

The Circular on “Direct transmission” sets the rules for direct, legally compliant and timely exchanges of information between FINMA-supervised institutions and foreign authorities.

Former BlackRock Executive Blows the Whistle on Greenwashing

Fear of missing out on fund flows gives asset managers a strong incentive to pretend all their offerings are green.

London galleries issued with money laundering ‘amber alert’ on top artworks

The art market in the UK is $12.7 billion (£9.11 billion), it’s the second biggest in the world and is a relatively high risk area for money laundering because it is a market used to operating with anonymity

Credit Suisse's Curious Risk View on Greensill

Credit Suisse raised its credit provisions over 2020 by the book: its risk management largely worked the way it is intended to.

Asia Pacific M&A Review 2021

Some countries in Asia Pacific are practically back to business as usual, while some are still finding their way through lockdown.

Scotland's whisky distilleries ready to go green

Almost £9m UK Government funding is available to help whisky distilleries go green, reduce carbon emissions and support sustainable jobs.

Odey Asset Management loses executive pay tax battle

Hedge fund said deferred plan was response to regulatory pressure after financial crisis

Slow population growth could stunt the rich world’s prosperity

While Western central banks are printing money in the hope of creating economic growth, they are ignoring a basic factor, the population of their countries, which has either been contracting or growing at a very slow pace.

The water efficiency challenge

At a time when the world is consuming its natural resources at an unsustainable pace, businesses should do more than reduce their carbon footprint. It's vital they cut their water use, too.

Financial Conduct Authority refuses to hand over Neil Woodford probe to independent investigator

Wealth manager St James’s Place ended its contract with Woodford to manage three of its funds.

ABN AMRO board of directors block research into claims of money laundering back in 2014

The bank was accused of not reporting suspicious transactions or doing so late and not properly screening its customers for suspicious activity.

Finma: ZKB and Raiffeisen have improved emergency planning

The watchdog also said it continues to consider the plans of the so called ‘global systemically important banks’ UBS and Credit Suisse feasible.

Setting up a Company in the Netherlands

Other reasons to set up a company in the Netherlands include the country’s very stable political economy, highly educated workforce, extensive double tax treaties and pragmatic culture.

When the entrepreneur can return to command: withdrawal from the family agreement

Once the family pact has been signed, the ownership of the shareholdings or the company is transferred to the individuals identified for the continuation of the family business.

Is the UK preparing to depart from the GDPR?

In the meantime, in an interview with the Wall Street Journal, EU Justice Commissioner Reynders suggested that a replacement for the EU-US Privacy Shield could take years rather than months.

How to prevent Money laundering

It is not difficult to understand why implementation of the European Union’s fifth anti-money laundering directive, which despite Brexit came into force in the UK last January, is seen as a crucial tool to crack down on abuse in the market.

Withers: Coronavirus and UK rent recovery

The 2020 Act contains express safeguards for business tenants restricting a landlord’s ability to forfeit a lease.

Private client considerations: understanding the impact of carried interest regulations on US family partnerships and family offices

Carried interest arrangements are widely used to reward key investment professionals for positive growth in the value of investments.

Davy is just the latest financial scandal - brokers take note

As this case shows, the wheels of justice can turn exceedingly slow when it comes to financial mismanagement and misgovernance, as anyone who has made a complaint against a large institution knows.

Legal,Regulation,Tax & Compliance