Posted on January 10th, 2013
The Swiss private banking sector has been in the focus for some time now, both in discussions and in editorials. A topic which has given rise to numerous discussions over and over again is the regulatory and economical environment of Swiss private banks.
In addition to the financial and debt crisis, Swiss [...]
Posted on November 25th, 2012
The political dynamics in Europe have shifted against universal banks in recent months. This is a dangerous development that threatens the key role such banks play in modern economies and risks putting European banks at a competitive disadvantage to their peers in the US and Asia.
There are three key advantages of the universal banking model:
Posted on October 10th, 2012
The future of Private Banking and Wealth Management is increasingly tied to the Internet. The new generation of clients uses the website of a wealth manager as the primary information source for starting any potential business relationship. New social networks are employed by clients to gather information and opinions about their wealth adviser. [...]
Posted on June 28th, 2012
The Wolfsberg Group is pleased to announce that it has revised its Anti-Money Laundering Principles for Private Banking, together with the related FAQs on Beneficial Ownership and FAQs on Intermediaries/Authorised Signers. The Private Banking Principles were the first standards issued by the Wolfsberg Group back in 2000. The Principles were revised in 2002. [...]