In the decade succeeding the financial crisis, one of the biggest developments in the world of wealth management has been the rise of the family office. But what is a family office, and how has their proliferation already begun to change how ultra-high-net-worth individuals (UHNW) manage their assets?
Financial Conduct Authority
Any replacement for the London Inter-bank Offered Rate (LIBOR) will have serious investment, accounting and legal implications for various global stakeholders (SHs). The LIBOR has been the most widely used interest rate in the world.
The frequency of cyber-attacks has increased for the third consecutive year, reaching a record high of 62 per cent – an increase of five per cent – according to a recent Bank of England survey.
When the first cryptocurrencies, such as bitcoin, started gaining traction, many banks initially dismissed them as virtual assets with no intrinsic value. Today, requests from clients have changed the minds of some of those banks, such as Goldman Sachs.