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.
Legal
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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