Managers of Wealth Americas

Wall St. watchdog proposes plan to boost oversight of firms with tainted brokers

The proposal would further promote investor protection and market integrity

MAS, BOC conduct successful experiment for cross-border payments using Blockchain

Central Banks of Canada and Singapore conduct successful experiment for cross border payments using Distributed Ledger Technology

'We're very aggressive': Andrés Lozano ramps up risk in $11.5bn pension fund

In a nutshell, the change is an effort to give younger savers a shot at achieving higher returns.

Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology

The Bank of Canada and MAS have been collaborating in the use of Distributed Ledger Technology and central bank digital currencies to make the cross-border payment process cheaper, faster, and safer.

US Justice Department Publishes Guidelines for Corporate Compliance Cases

Prosecutors should consider a host of factors, including the methodology underpinning a company’s risk management process

European regulators fear Deutsche Bank U.S. stress test failure

Deutsche Bank's future in the United States, where it opened 40 years ago with just 76 employees before expanding rapidly in 1999 by buying Bankers Trust, is already in doubt.

Citi Reorganizes Law Firm Banking Business as Legal Industry Leans on Finance

The changes give the law firm group a direct line to the global head of Citi Private Bank.

UBS Cites Multiple Reasons for Ousting a Top Broker

The terse explanation of Findley’s dismissal was sent to state regulators in a summary of the firm’s U-5 termination notice that was reviewed by AdvisorHub.

Big loss for Morgan Stanley as $6B team goes indie

Morgan’s retention rates have also benefited from a reduced recruiting environment: the wirehouse and rivals Merrill Lynch and UBS have cut back on hiring initiatives in recent years.

Macquarie to cut some of its Canadian operations

However, Macquarie’s asset management unit and others including commodities trading, hedging, corporate finance, and advisory units are not believed to be affected.

Current vulnerabilities in the global financial system

The report, which includes a discussion of approaches and mechanisms that may enhance the effectiveness and efficiency of international cooperation, will be published and submitted to the June meeting of G20 Finance Ministers and Central Bank Governors.

Trump Family Sues Deutsche Bank To Keep Financial Records Secret

The bank hasn’t yet handed over any client-related records to the House committees and will wait for the outcome of the legal proceedings, said the person, asking not to be identified in disclosing internal information.

POBA to up co-investment with CalSTRS, Texas pension fund

POBA had committed $200 million to each JV.

Swedbank admits money laundering flaws, faces multiple U.S. probes

Swedbank has found itself caught up in a regional money laundering scandal originating with Danske Bank, which said last year that 200 billion euros ($223 billion) of suspicious funds moved through its Estonia branch between 2007 and 2015.

CIBC Asset Management announces changes to fund line-up

In contemplation of the termination, the Manager may make distributions prior to the Fund's Termination Date if this is deemed in the best interests of the Fund and its unitholders.

Ogier acts for BTG Pactual Reinsurance in insurance license application

BTG Pactual Reinsurance reinsures surety bonds and related insurance products written by its affiliates in Brazil.

Vermont Governor signs into law captive bill for 2019

Vermont Governor Phil Scott has signed into law a bill to tidy up and modernise parts of its captive insurance law as it enters its 2019 legislative session.

IRS launches captive campaign to ensure compliance with arm's length prices

The Internal Revenue Service has launched a compliance campaign to ensure US multinational companies are paying their captive service providers no more than arm's length prices.

China Delays Data-Onshoring Rules Until After US Trade Talks

The new regulations would require companies to localise data analytics processes in China.

Trial begins for Platinum Partners hedge fund honchos charged with bilking investors

Hein told jurors evidence would show how the trio lied about the fund’s health — knowing they were “strapped for cash” —so investors would keep throwing money in the pot.

Legal, Regulation & Compliance