Getting the Deal Through: Private Banking & Wealth Management 2021

The following In-house Advisor practice note provides comprehensive and up to date legal information covering:

  • Getting the Deal Through: Private Banking & Wealth Management 2021
  • Jurisdictions covered
  • Questions

Getting the Deal Through: Private Banking & Wealth Management 2021

Jurisdictions covered

The following jurisdictions are covered in this report:

Brazil; China; France; Germany; Hong Kong; Liechtenstein; Monaco; Switzerland; United Kingdom

Questions

The set of questions relating to the topic of Private Banking & Wealth Management and answered by the guide for each jurisdiction covered include:

  1. What are the main sources of law and regulation relevant for private banking?

  2. What are the main government, regulatory or self-regulatory bodies relevant for private banking and wealth management?

  3. How are private wealth services commonly provided in your jurisdiction?

  4. What is the definition of private banking or similar business in your jurisdiction?

  5. What are the main licensing requirements for a private bank?

  6. What are the main ongoing conditions of a licence for a private bank?

  7. What are the most common forms of organisation of a private bank?

  8. How long does it take to obtain a licence for a private bank?

  9. What are the processes and conditions for closure or withdrawal of licences?

  10. Is wealth management subject to supervision or licensing?

  11. What are the main licensing requirements for wealth management?

  12. What are the main ongoing conditions of a wealth management licence?

  13. What are the main anti-money laundering and financial crime prevention requirements for private banking and wealth management in your jurisdiction?

  14. What is the definition of a politically exposed person (PEP) in local law?

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