How regulatory scrutiny is shaping the global wealth industry

Riots, hurricanes, debt downgrades and currency wobbles dominated headlines this summer.  What was less noted – but with potentially more impact on the global wealth management industry – was continuing scrutiny of offshore accounts by regulators around the world. Credit Suisse found itself in the crosshairs in July when seven bankers, including the former head of its North American private banking business, were indicted in the US on charges of helping US clients evade tax. It …