Industry
Dubai’s DIFC prepares to implement CRS and reform trust laws
The Dubai International Financial Centre is preparing new laws to implement the Common Reporting Standard (CRS), and to reform its rules surrounding trusts and foundations.
Unsent text is last will says Australian court
An unsent text message has been accepted as an official will by an Australian court.
Noah aims to be China’s global private bank
Developing a global family office unit and offering discretionary mandates are part of Shanghai-based Noah’s strategy to become a global Chinese wealth manager, according to William Ma, co-chief investment officer in Hong Kong.
FCA bans adviser spouses for ‘calculated’ deception
The Financial Conduct Authority (FCA) has barred John Chiesa and Colette Chiesa, founders of an authorised IFA firm, from ever working in financial services for the “calculated way” they deceived creditors.
‘Outdated’ EU directive will swamp advisers warns expert
International financial adviser Mazars has warned the ‘laudable’ intent of the incoming Insurance Distribution Directive (IDD) could be lost under the burden of regulation which is already out of date.