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

Judge: UK ‘open justice’ does not require pre-hearing document disclosure

UK publishes ‘comprehensive’ cyber security strategy

Cyber risk expert Laura Gillespie of Pinsent Masons said that the government’s plans called for “a ‘whole society’ approach” to cyber security.

PIMFA Calls for “Greater Ambition” to Address FSCS Levy Funding Issues

Setting out a set of principles for reform is welcome and we are committed to engaging with this process in order to achieve the best possible outcome for consumers and our members.

Bird & Bird advises Liberum

The placing was completed and the new shares admitted to trading on AIM earlier today.

Beware of Investment Fraud - How to identify a potential fraud

Giambrone & Partners banking and financial fraud teams are witness to the same strategies that are employed time and time again to deceive novice investors into risking their money.

Pension schemes granted judicial review of govt's RPI swap

In February, the schemes were granted an extension to the period in which they can consider filing for judicial review, following a request from the government to have more time to prepare its defence.

Insolvency Service gains powers to investigate directors of dissolved companies

The legislation also rules out Covid-19 related changes as grounds for material change of circumstances business rate appeals.

Craig Whyte appears at court for failing to provide key passwords for seized devices

The arrest is in relation to non-disclosure of key passwords for various laptops and phones, which were seized from him by a warrant issued under s176 Financial Services & Markets Act 2000 on the 18 April 2018.

FCA publishes Decision Notice against hedge fund

This resulted in a sub-standard investment management service being provided to the external fund and its investors.

Viola Money (Europe) enters administration

The application for the special administration was made by the FCA and follows requirements imposed on Viola on 14 December 2021, which required it to cease all regulated electronic money and payment services.

Financial Services and Banking News

The proposed revisions would insert a new paragraph, 17.29A, dealing with completion of customer due diligence (CDD) by lenders.

Reforms to insolvency regulation in Britain proposed

Currently, there is no firm-wide regulation of insolvency practice in Britain.

Germany to explore digital justice tools for citizens

It delivers a prototype that has already been adapted to the needs of future users through user feedback.

Swiss court confirms extradition of German ‘cum-ex’ fraud suspect

A Swiss court has allowed the extradition to Germany of Hanno Berger, a German banker accused of playing a key role in a years-long tax fraud.

UK passes LIBOR transition legislation

The UK government hopes the rules will minimise disruption for contracts referencing one, three and six-month sterling and yen LIBOR for which the counterparties have not managed to agree to move to a replacement reference rate before LIBOR ceases at the

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