- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Helvetia counts small

The IFRS result after tax in the 2022 financial year under IFRS 17/9 was around CHF 480.2 million.

Swiss regulators need to face up to Credit Suisse failures

As the country prepares for the challenge of supervising an enlarged UBS, rule changes are not the answer

Switzerland and France sign an additional agreement supplementing the bilateral double taxation agreement

The additional agreement also updates other provisions in the double taxation agreement between Switzerland and France.

International Sustainability Standards Board launches first reporting standards

The newly released standards, known as IFRS S1 and IFRS S2, address the market's demand for consistent and reliable corporate sustainability disclosures.

Important employment law reforms announced

This comes as part of news that the Government is intending to change its approach to retained EU law.

Bank of England accelerates rate rises, admitting inflation problem

Mortgage rates will rise further, raising risk of recession later this year.

EU anti-fraud investigators in Malta to probe European asylum agency

Current, ex-employees allege fraud, nepotism, mishandling of harassment claims

UK legislates on nationality changes before Guernsey has a say

Only now will the States be asked to express its views on it.

‘Was the FCA asleep at the wheel?’ Creditors grill WealthTek administrators

Creditors question regulators and search for PI cover at special administrators’ session for collapsed DFM.

Adviser to pay £106k to FSCS for poor DB transfer advice

This is despite the FCA's guidance creating a presumption against advising a client to transfer.

Recession lurking down the tracks as BoE takes drastic action

Clearly interest rates are a blunt tool and are failing to have the desired effect in dampening demand but the BoE will keep using them.

UK banks to ramp up data sharing in dirty money crackdown

Banks have long been wary of sharing customer data for fear of falling foul of strict British and global data protection and privacy laws, which could trigger litigation by customers whose accounts have been locked pending investigations.

Thrings Shortlisted for award in Recognition of support to developing businesses

As a finalist in the Legal category for the awards taking place in September, Thrings continues to build on the recognition as a hub for business growth, helping hundreds of SMEs to thrive each year

European Banking Authority Finds Payment Sector AML/CFT Controls Lacking

This makes it possible for firms lacking proper AML/CFT measures to conduct business in the EU by establishing themselves in countries with insufficient supervision.

Calls for alternative pensions approach for doctors

Murray also pointed out that the chancellor himself had also suggested a doctors-only scheme “less than a year ago”.

DWP review fails to address unnecessary points of friction in its pension transfer regulations

These regulations empowered pension schemes to raise red and amber flags where they saw risk of consumer harm, and in particular scams.

Bank of England adopts ISO 20022

The central bank said businesses and consumers are unlikely to need to change their payments processes.

Swiss National Bank tightens monetary policy further and raises SNB policy rate to 1.75%

From 2024 onwards, the new forecast is higher than in March, despite today’s increase in the SNB policy rate.

Linklaters advises on a trio of high yield and leveraged financings for Triton

Linklaters also advised Italian-based portfolio company Bormioli Pharma

Linklaters advises GIC and Copenhagen Infrastructure Partners

The first €270m tranche will add to the existing funding sources for the construction of the first stage of Golden Plains Wind Farm

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