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FinWatcher in brief


       Posted on January 10th, 2013

Performance of Swiss Private Banks 2012 — An Industry in Evolution (Text in German)

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

Universal banks: Optimal for clients and financial stability

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:

Broad [...]


       Posted on October 10th, 2012

Wealth Managers’ Websites 2012: Wealth Management Websites That Win Clients – Benchmarking – Best Practices – Strategy

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

Wolfsberg Anti-Money Laundering Principles for Private Banking (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. [...]


       Posted on June 25th, 2012

Selling of Investment Products to Private Banking Customers – HKMA Guidance

In view of the nature of the clientele and the mode of operations of private banking business, and taking into account relevant overseas practices, the Hong Kong Monetary Authority (“HKMA”) following consultation with the Securities and Futures Commission (“SFC”) and The Hong Kong Association of Banks, hereby provides further guidance and clarification to [...]


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