Opinion on Wealth Management and Private Banking

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Type Product title / description Pub Price
Expert View
Expert View

A time bomb: China's wealth management products

In China, investments in wealth management products have soared in recent years. However, these products' underlying assets are often linked to high-risk real estate investments, which means that in the event of an economic slowdown the risk may not be systematic, but defaults, especially among smaller lenders, are likely.

Published By Datamonitor
05 Apr 2013
Expert View
Expert View

French HNWs seek refuge in Belgium

Over the coming years the number of French HNW expats to Belgium is likely to rise due to fears surrounding increased taxation in France under President Hollande's socialist government. Belgium is already an attractive location for French HNW expats, due to its close proximity to France, favorable business taxes, and shared language.

Published By Datamonitor
04 Apr 2013
Expert View
Expert View

Spain's unstoppable decline

Spain's savings and investment market is headed for the fourth straight year of decline. Its appalling economic performance, stagnating wages, and high unemployment are all impacting the market and will hinder any real recovery for at least another three years. To make things worse, Spain could easily be the next victim of a Cyprus-style scenario, further intensifying the problems in the market.

Published By Datamonitor
28 Mar 2013
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Expert View

Greek retail deposits will not see growth until 2016

In 2012, for the third consecutive year, Greek retail deposits experienced a steep decline. Last year was testing for retail deposits due to high levels of unemployment and continued real wage declines. Datamonitor's Global Retail Savings and Investments Analytics now forecasts that Greek retail deposits will not see positive growth until 2016.

Published By Datamonitor
27 Mar 2013
Expert View
Expert View

Australia: new bond regulation to pass HNW investors by

The effect of Australia's newly introduced bond legislation on the allocation of HNW individuals' assets is expected to be marginal, as the law's changes regarding the provision of prospectuses only apply to a small proportion of the country's HNW community when considering their total asset pool.

Published By Datamonitor
26 Mar 2013
Expert View
Expert View

Guernsey and Isle of Man: tough times ahead

The UK has reached agreements with both the Isle of Man and Guernsey in which the two centers will disclose information regarding offshore account holders to the HMRC. These agreements are the latest development in this new era of offshore transparency. However, with non-resident deposits already in decline, they are unlikely to be welcomed by local wealth managers.

Published By Datamonitor
20 Mar 2013
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Expert View

Cyprus levy will exacerbate offshore outflows

A deposit levy proposed in Cyprus has brought turmoil to the eurozone recovery, but it has also undermined the attraction of Cyprus as an offshore center. Banking instability on the island has already compromised offshore wealth inflows and the levy will only exacerbate the problem.

Published By Datamonitor
19 Mar 2013
Expert View
Expert View

Cyprus levy: wealth managers under threat

Deposits form the backbone of the retail savings investment market across Europe and around the world. The Cypriot bailout - with its punishing terms for depositors of all sizes - has moved the European crisis from one that merely destroys the value of investments to one that will effectively confiscate assets, upping the threat to wealth managers around the Mediterranean.

Published By Datamonitor
19 Mar 2013
Expert View
Expert View

FCA's "ability to demonstrate" only the first step

The EU Fourth Money Laundering Directive, Section 166 reports, the Retail Distribution Review, FATCA: the UK wealth management industry is under fire, and the Financial Conduct Authority has just sharpened its focus. The regulator will launch a specialist wealth manager supervisory unit. If regulation wasn't already at the top of the 2013 priority list, it certainly should be now.

Published By Datamonitor
18 Mar 2013
Expert View
Expert View

FAIR is no FOFA or RDR

The MAS has released its consultation paper on the proposed reforms of the FAIR. Besides asking for greater clarity, the points raised by the MAS make it safe to conclude the reforms will be relatively minor, adding compliance costs but not disrupting the financial advice market in the manner of similar reforms elsewhere.

Published By Datamonitor
11 Mar 2013

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