- Managers of Wealth - Europe -Wealth, private banking and asset management news and opinion

Improving European outlook casts shadow over region’s bond market

‘Peak pessimism’ has passed as countries accelerate vaccine programmes, investors say

Banking regulators start climate stress tests

Lenders are being assessed on risks arising from extreme weather and the energy transition

Access Partnership partners with public innovation boutique StateUp

A specialist, multi- disciplinary advisory firm focused on digital innovation with public purpose, StateUp works at the intersection of policy and digital technologies, providing policy advice and programme design, insights, training and evaluations to he

Post _ Brexit Disputes With UK Parties - Continued Uncertainty As Decision On Lugano Awaited

For Irish entities dealing with UK counterparties, issues of dispute resolution may be more complex as a result.

Brexit & The City: The Impact So Far

This report provides the most comprehensive picture yet of the impact of Brexit on the banking and finance industry in the UK and the emerging post-Brexit landscape of financial centres across the EU.

Brexit: the impact of new immigration rules on English football

Points are based on a variety of factors including: number of international appearances, the rank of the selling club, and the quality of the league from which the player will be transferred.

STM Group delays results after Court of Appeal case

The delay is due to the ruling in relation to the Adams v Carey case as announced by the Company on 1 April 2021.

Netherlands: Consultation published on changes to tax classification rules for certain entities

Under the proposal, a CV would be classified as transparent for Dutch tax purposes irrespective of whether the admission and substitution of limited partners is subject to the unanimous consent of all partners.

Germany: MOF publishes final decree on application of DAC 6 rules

EU tax authorities are working closely together not only to exchange information, but also to further develop the rules and to provide a coordinated approach to their application.

Business Loan Network Limited enters administration

Business Loan Network’s retail Peer to Peer activities have been in wind down since 9 December 2019.

FCA stops FXVC offering CFDs to UK customers

The FCA has stopped FXVC conducting any regulated activities in the UK and required the firm to close all trading positions and return the money to customers.

AML systems and controls – an ever-increasing area of focus

Mr Steward addressed how seriously the FCA takes this crucial area of regulatory focus and reiterated the requirement for firms to have in place systems and controls that are purposeful and efficient in managing financial crime risk.

Joint PRA and FCA Statement on the FSB Peer Review on remuneration

The Financial Stability Board published its report on the Peer Review of the United Kingdom.

Regulating the UK as a global financial centre

Speech delivered by Nausicaa Delfas, Executive Director of International, Interim Chief Operating Officer and Executive Director of International, at City & Financial Global's Future of UK Financial Services Regulation Virtual Summit.

Financial Regulation: Daily Update

The FCA and PRA have published a template version of their 'Dear CEO' letter regarding obtaining deposits via deposit aggregators.

Malta involved in Italian fuel tax fraud investigation worth €1 billion

€600 million in assets seized and 23 people arrested.

Ireland Update – Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021

These obligations are expected to come into further focus as the European Commission designates additional high-risk third countries in response to the FATF expanding its list of monitored jurisdictions.

Ashurst advises on the €774 million cash offer for Globalworth Real Estate Investments Limited

Globalworth is managed by approximately 226 professionals across Cyprus, Guernsey, Romania and Poland and has an overall real estate portfolio valued at approximately €3.0 billion as at 31 December 2020.

EBRD at 30: the Bank steps up its climate ambition

Under its current strategy, the EBRD has committed to dedicating most of its investments to support the transition to a green economy by 2025.

Self regulatory organisation VQF hunts for new CEO

VQF is still authorised as an SRO to regulate financial intermediaries in the parabanking sector who have to abide to the AMLA, but not to FinIA and FinSA.

Legal, Regulation & Compliance