Lunchtime Links: Why Switzerland's ok for UK boutiques, but not for UBS

Now that the UK has the toughest bonus regime in the entire world and a high and rising personal tax rate, Switzerland's allure is understandably heightened. Today,

Execution Limited became the latest London-based organization to announce an impending Swiss outpost.

Perversely, however, UBS is threatening to uproot its head office from Switzerland and take itself elsewhere if the Swiss insist on onerous regulations. Credit Suisse doesn't think a move out of Switzerland is viable, but is also none too keen on the country's regulatory zealousness.

The difference in approach reflects the Swiss regulator's robust attitude to UBS and Credit Suisse and its comparatively lenient attitude to everyone else. In September, it said that the two banks, which dominate the country's gigantic banking sector, might face tighter regulation than their domestic and international competitors.

Top equity research analyst at UBS has gone off to become an archeologist. (Wealth Bulletin)

The FSA has absolutely no qualms about hiring out of firms it's fined. (MoneyMarketing)

Dubai telephone system collapsed under weight of calls. (Guardian)

The City could benefit from Dubai's tribulations. (The Times)

Abu Dhabi is now the place to be. (Sydney Morning Herald)

Who's hiring in Asia? (Wall Street Journal)

Another round of Dresdner bonus claims hit the courts. (The Times)

Financial blogger gets a job with the sell side. (Across the Curve)