Managers of Wealth Europe

Updated FSCS and BoE MoU

The Bank of England prudentially regulates and supervises financial services firms through the Prudential Regulation Authority .

Asset managers wary of potential new regulatory reporting regime

Asset managers express concerns over additional regulatory reporting burdens in addition to current requirements for MiFID II and AIFMD.

FCA finds research unbundling has saved equity investors £70 million under MiFID II

Industry review from UK regulator finds positive results since MiFID II implementation with no negative impact to research access for small-to-mid caps.

1.3m UK expats face continued retirement and healthcare uncertainty

It's becoming increasingly obvious that, despite his protestations to the contrary, the Prime Minister simply isn't trying to get a new deal for the UK to leave the EU.

MEPs call for proper implementation of anti-money laundering rules

MEPs call for better cooperation between the administrative, judicial and law enforcement authorities within the EU

FCA review on MiFID II research unbundling rules

The FCA will continue to monitor both competition impacts and research coverage of SMEs following the MiFID II reforms

FCA update to joint statement on opportunistic strategies in the credit derivaties market

These opportunistic strategies include, but are not limited to, what have been referred to as ‘manufactured credit events’ or ‘narrowly tailored credit events’.

Solvency II: Prudent Person Principle

The proposals are relevant to all UK Solvency II firms (including in the context of provisions relating to Solvency II groups), mutuals, third-country branches, the Society of Lloyd’s (the Society) and its managing agents (collectively, ‘firm

Latvia’s financial watchdog fines PrivatBank for lax money-laundering controls

The FCMC, which has already twice over the past four years fined PrivatBank for similar reasons

Baker McKenzie bumps trainee pay by 7% as its confirms autumn retention score

£48,000 in year one, rising to £52,000 in year two

Contractual Interpretation: Establishing the relevant ‘factual matrix’

Upon discovery of their mistake, Lehman Brothers sought restitution on the grounds that the actual agreement was for 22 notes only and it had inadvertently over-delivered.

The limits of audit: public perceptions and legal realities

These factors were not identified by Grant Thornton when it conducted its audit.

Don’t play Midnight Cowboy with a midnight limitation deadline

The underlying proceedings at first instance concerned the calculation of the limitation period for a claim against trustees.

Apple Can’t Win Its $14 Billion European Tax Battle

Even if the tech giant wins its court appeals, it will have to pay the money—and more—to Washington

Will the sale of public trophy assets still be used to solve Italy's economic crisis?

The plan involved an immediate reduction in Italy’s public debt and an improvement in the finances of local authorities.

Linklaters acts on largest European float of the year

The Euronext Amsterdam debut implied a market capitalisation of €95bn. Prosus shares jumped 26% on close, boosting its market cap to €120bn.

Watchdog grills Metro Bank staff over misreporting scandal

FCA widens investigation into miscategorised loan risk-weightings to include managers

Italy Considers Penalty on Cash Withdrawals to Fight Tax Evasion

Shops, restaurants and other small businesses often refuse electronic payment, citing high costs or broken card-reading equipment.

Swedbank to allow prosecutor to question lawyer over money laundering

The new chairman, former Swedish Prime Minister Goran Persson, has promised full transparency.

Top level fight breaks out at Malta financial regulator

As chief exec’s promise of a golden handshake draws the ire of an MFSA board member

Legal, Regulation & Compliance