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

FCA closes 1,600 websites as it fights financial crime

This has helped the regulator in its work to block fraud at source.

FCA to modernise rules to unlock investment

The reform will build on 10 initiatives the FCA has already delivered since January to support growth, with around 50 to be completed by the end of the year.

Deutsche Börse to return banking licences in regulatory shake-up

Germany’s biggest exchange operator pushes for more efficiency

Climate change is growing concern for UK economy, warns BoE

She gave the example of UK food prices being affected by extreme weather events as one area of price stability that is being impacted.

Prudential Regulation Authority announces review of the Loan to Income (LTI) flow limit rule and offers interim modification by consent

Following the FPC’s recommendation, the PRA is reviewing the loan-to-income ratio requirements and is offering a modification by consent to disapply the relevant part of the PRA Rulebook while the review is ongoing.

Mansion House speech could see chancellor outline series of reforms to pensions, ISAs and financial services industry

The address is expected to outline the next phase of the government’s Pensions Review, focusing on the adequacy of retirement savings across state, workplace, and personal provisions.

BoE governor opposes pension investment mandate in blow to government plans

While the Government has described the power as a “backstop” it hopes not to use, the clause is seen as a means of putting pressure on schemes to follow voluntary investment targets.

FCA fines Monzo £21m for failings in financial crime controls

In particular, Monzo failed to design, implement and maintain adequate customer onboarding, customer risk assessment and transaction monitoring systems to mitigate the risk of financial crime.

The EBA launches consultation on its draft Guidelines on third-party risk management with regard to non-ICT related services

The draft Guidelines provide specific criteria for the application of the proportionality principle.

Workers in line for £29,000 boost thanks to landmark Pensions Bill

The Bill is set to transform the pensions landscape for years to come and put more money in people’s pockets as part of the Plan for Change

Nordea Reaches Milestone in Switzerland

The Finma license is a key step toward our growth ambitions in Switzerland.

Two individuals sentenced to a combined 12 years for £1.5m crypto fraud

Confiscation proceedings are continuing to recover the benefit from the crimes of both defendants.

Redinel Korfuzi and Oerta Korfuzi sentenced to combined 11 years for £1m insider dealing and money laundering

FCA investigators also uncovered an international money laundering operation.

Chancellor’s National Wealth Fund investment in major carbon capture project to boost 3,500 jobs

Thousands of jobs could be created across Derbyshire, Staffordshire and the North West thanks to a £28.6 million National Wealth Fund investment in a major carbon capture project, the Chancellor has announced today, Monday 7 July.

Ex-Janus Henderson analyst and sister jailed for £1m insider trading

Within minutes of accessing the information, he traded in the affected stocks using multiple accounts, including those operated by his sister.

Solvency-triggered termination rights clauses in bulk purchase annuity transactions

The clauses could bring inherent risks to insurers’ balance sheets which would need to be managed concurrently in a period of stress.

FSCS’s 2024/25 Annual Report highlights another strong year for recovering compensation costs and processing customer claims

A key milestone included the recovery of more than £56m from the estates of failed financial firms and related third parties – equivalent to 17% of total compensation costs.

1
2
3
…
5
6
7
8
9
10
11
12
13
14
15
…
1035
1036
1037

Legal, Regulation & Compliance