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

PRA statement on removing the PRA buffer adjustment in PS15/20

This statement provides an update on the PRA’s approach to the PRA buffer.

Linklaters advises the lenders on the US$6bn restructuring of Nordic Aviation Capital

This was a rare example of security over such a large number of aircraft being taken at once, in such a short period of time.

Brent Hoberman Welcomes Chronos Law to Founders Forum Group

The firm combines the expertise of private practice with the accessibility of in-house legal counsel.

Directors banned over £8.9mn hotel investment scheme

But the partnership went into insolvency in February 2017, with creditors claiming £14.8mn in the liquidation.

FCA appoints members for new Secondary Markets Advisory Committee

The purpose of the committee is to support our wholesale secondary markets work in equities, derivatives, fixed income and commodity derivatives.

Eurozone interest rates set to rise for first time in 11 years

"It is not just a step, it is a journey," ECB President Christine Lagarde said of the moves.

Anti-money laundering proposals ‘uninspired and insipid’, say MPs

Law Commission review of corporate criminal liability in England and Wales also criticised by campaigners

Neuchâtel WM obtains Finma licence

Firms which manage assets on a commercial basis in the name and on behalf of occupational pension schemes must be authorised by the regulator, according to FinIA, which came into force on 1 January 2020.

PIMFA publishes diversity & inclusion reports as it extends deadline for entires to this year's D&I Awards

“We are really excited to be holding our Diversity & Inclusion Awards again this year."

Raising rates, calming markets – testing times for the ECB

That makes a shallower hiking cycle in Europe more likely, with rates peaking at 1.25% in the first quarter of 2023.

UK decision against imposing direct rule on BVI

We welcome the clarity of this announcement for the people of the BVI.

New ESMA Guidance on Sustainability Risks and Disclosures

While the Briefing is aimed at NCAs, is non-binding and not subject to any 'comply or explain' provisions, it sets out several key supervisory expectations.

Ogier celebrates 10 years in Luxembourg

The last 10 years have seen Ogier, which was the first offshore firm to set up a presence in the jurisdiction, grow its Luxembourg team from two to seven partners, with a headcount now of more than 50 people.

Irish funds await Central Bank’s response to EU sustainable finance guidance

ESMA suggests that regulators create checklists to assist with the assessment of compliance with the requirements that pre-contractual disclosures

Financial Services & Banking News

The proposals in this consultation paper would result in further changes to Commission Delegated Regulation

Managed Funds Association accuses LME of 'conflict of interest' during nickel turmoil

The complaint also argued that LME could have prevented the market disorder had it acted sooner, but failed to take timely action, resulting in a lack of protection for investors.

22% of Brits contacted by pension scammers in last 3 months

As a third say they don’t know how to stop fraudsters targeting them

PIMFA welcomes Financial Conduct Authority ban on Claims Management ‘phoenxing’

PIMFA has long argued that this practice should be stamped out.

EBRD Vice President for Banking visits Croatia

During his visit, Vice President Pilloux will discuss cooperation in areas of strategic importance to Croatia, such as energy security, including the further development of renewable energy sources in the country, and the ongoing post-earthquake reconstru

Pinsent Masons achieves Bronze Diversity Mark

Over the last decade the firm has implemented a number of measures designed to create a level playing field for career development and progression for its entire workforce including mentoring, training and reshaping working practices and policies.

Legal, Regulation & Compliance