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Sector Analysis
Mass Affluent Target Propositions, 2021 Update – A Key for Sustainability and Growth
The global wealth market will increase by 8% in 2021. Targeting the mass affluent demographic has worked its way up the priority list for banks and wealth managers in recent years. Some banks are not new to capturing this demographic with dedicated services, but in this digital transformation period competition for this lucrative group is on the rise. Heightened competition and regulatory costs for wealth managers, low interest rate margins for banks, and new digital entrants keen to keep their...
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Government & Regulation
Egypt Upstream (Oil and Gas) Fiscal and Regulatory Guide
Egypt offers upstream acreage in the form of production sharing agreements (PSAs) and in some cases through service contracts. Several blocks have been awarded during the last few years due to a renewed investment interest after significant Mediterranean gas discoveries, improved gas pricing, and wider energy sector reforms. Supermajors such as BP, ENI, and Shell have strengthened their presence in the country while ExxonMobil and Chevron are few of the new entrants. Following the success of recent licensing rounds, EGPC...
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Sector Analysis
Global Wealth Managers – Competitive Dynamics 2020
This report benchmarks the world’s leading wealth managers by managed client assets and financial performance. The report covers the 44 most prominent institutions, including standalone private banks and wealth managers, as well as competitors that are part of larger universal financial groups. All international public wealth managers with over $100bn in private client AUM are featured in the report. The leading wealth managers around the world entered 2020 in a relatively strong position with a stellar year for client assets,...
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Sector Analysis
UK Wealth Management – Competitive Dynamics 2019
The wealth management industry saw a sharp slowdown in asset growth in 2018. Individually, wealth managers saw mixed success, with the strongest growth stemming from continued merger and acquisition (M&A) activity. Market uncertainty dominated the year, with record levels of outflows resulting in several key funds being suspended and heavy losses for investors. The sentiment behind these withdrawals was linked strongly to the Brexit process. Following the UK’s eventual exit from the EU in January 2020, EU rules will continue...
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Government & Regulation
Italy Oil and Gas Upstream Fiscal and Regulatory Guide
Italy governs upstream petroleum operations through a royalty and tax framework. In 2019, the country significantly increased surface fees and imposed a moratorium on offshore exploration. These steps are part of a major push towards progressing the energy transition and achieving ambitious decarbonisation targets in the country. The offshore moratorium was set for an initial 18 month period, although the economic shock caused by the COVID-19 pandemic may effect this. Additionally onshore exploration has been significantly impeded due to sustained...
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Government & Regulation
Senegal Upstream Fiscal and Regulatory Guide
Senegal offers production sharing agreements for upstream petroleum operations. The country has made a significant update to its previous framework with the introduction of a new petroleum code and local content regulations in early 2019. The updated regime increases the fiscal burden for new investments, reflecting the country’s recent exploration success. Following the introduction of the new legislation, a licencing round will be officially announced on January 31, 2020. Recent discoveries have generated significant interest in the country's upstream sector,...
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Sector Analysis
Wealth Management Competitive Dynamics 2019
The global private wealth market had an off year in 2018, with a good profit result but contracting assets under management (AUM). While there was no change in the order of the world’s five largest private wealth managers, there was more movement lower down the rankings as continued merger and acquisition activity boosted some players’ AUM in a down year for most. Net inflows were down significantly from the bumper year of 2017 yet remained positive at all but a...
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Government & Regulation
US OCS Upstream Fiscal and Regulatory Report – Favorable Fiscal Terms but Strong State and Judicial Opposition to Expanding the OCS on Offer
The Unites States offers regular licensing rounds paired with favorable fiscal and stable regulatory terms, which score well for licensees when compared with neighboring countries’ petroleum fiscal frameworks. However, the administration’s decision of halting the opening up to hydrocarbons exploration of practically all parts of the OCS as a result of strong political and judicial opposition leaves the schedule of the lease sales based on the 2017-2022 program. The result will be slowing investments pace as initially planned when the...
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Sector Analysis
Germany Defense Market – Attractiveness, Competitive Landscape and Forecast to 2024
"German Defense Market: Market Attractiveness, Competitive Landscape and Forecast to 2024", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news. Germany has reassured the North Atlantic Treaty Organization (NATO) it will adhere to its plans to continue increasing military spending to reach 1.5% of gross domestic product by 2024 despite declining tax revenues in an attempt...
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Government & Regulation
US Alaska Upstream Fiscal and Regulatory Report – Budget Problems May Force Fiscal Regime Changes
The reduction in tax credits, the large long-term state budget liabilities, and the inability to repay the investment credits, may force Alaska to modify its petroleum fiscal framework just a few years after the modification introduced by MAPA in 2013. The reduction in tax credits coupled with the difficulties in legally establishing the Alaska Tax Credit Certificate Bond Corporation and its bond repurchase program may dampen investment sentiment across Alaska despite the reduction at the federal level of corporate income...