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The week on eprivateclient 05/10/2015
A look at some of the big stories on eprivateclient last week

Asset managers will face increased scrutiny from tax authorities by 2020, says PwC 05/10/2015
2020 is likely to see far higher tax penalties imposed by the authorities, demanding real-time investor related tax information from asset managers and the power to carry out far more detailed tax enquiries than the current process allows, PwC has warned in a new report.

Private bank closing Jersey operation, job losses feared 01/10/2015
ABN AMRO Bank is to integrate its private banking activities in the Channel Islands, transferring business to its Guernsey operation from Jersey.

Trade body calls for clarity over key themes in MiFID II 30/09/2015
TISA, a financial services membership organisation, has called for greater clarity and understanding around the issues of appropriateness and product governance in MiFID II, ahead of the FCA Consultation Paper in December.

Another pair of Swiss banks reach agreement with US 29/09/2015
Under the Department of Justice’s Swiss Bank Program, Migros Bank AG and Graubündner Kantonalban have reached resolutions, which will see the banks will collectively pay penalties totalling more than $18 million.

New wealth head for Butterfield Guernsey 29/09/2015
Butterfield Bank (Guernsey) has appointed Richard Saunders as interim managing director and head of wealth management on the island.

Labour wants ‘Robin Hood' tax on stock market 28/09/2015
Labour shadow chancellor John McDonnell is expected to use his Labour conference speech today to call for a "Robin Hood" tax on stock market transactions.

The week on eprivateclient - Affinity Wealth, Pinsent Masons and more 28/09/2015
A look at some of the big stories on eprivateclient last week

Guernsey Finance appoints Middle East representative 25/09/2015
Guernsey Finance has appointed Zoë Cousens as its first ever Middle East representative.

SEC charges New York adviser $40m for mutual fund misuse 23/09/2015
The Securities and Exchange Commission (SEC) has charged a New York-based investment adviser and its affiliated distributor with improperly using mutual fund assets to pay for the marketing and distribution of fund shares.

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