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

7IM in legal battle with former partner; £23m acquisition bill

Assets under management at Seven Investment Management rose 24% last year on the back of acquisitions by the group.

Parliamentary group publishes 'fraud and theft within families' report

‘Tackle the elephant in the room’

Rates Unchanged, But Gradual Liquidity Withdrawal

Global central banks across the world have indicated taper over the last month.

Financial Regulation Daily Update

The government has identified four priority areas and actions for government, regulators and industry

Post-Brexit push: FCA to market London's financial services sector abroad

With the Treasury now planning to respond to the report in autumn ministers have hinted that financial regulators could be required to factor Britain’s global position in the financial services sector into policy decisions.

HSF Financial Regulation: Daily Update

The PRA expects to reassess O-SII buffer rates again in December 2023.

CPMI and IOSCO publish guidance, call for comments on stablecoin arrangements

In 2019, the Group of Seven and the Financial Stability Board (FSB) conducted work on the impact of global stablecoin arrangements and made recommendations for their regulation, supervision and oversight.

NatWest pleads guilty in criminal proceedings

These regulations require certain firms, including those regulated by the FCA, to ensure they have adequate anti-money laundering systems and controls to prevent money laundering.

Financial Crime: analysis of firms’ 2017-2020 REP-CRIM data

A key approach of the FCA, as set out in the business plan, is collaboration and partnering with others, such as government and other authorities, including law enforcement, to achieve more in raising standards across the regulated sector.

Financial Regulation: Daily Update

This analysis aims to provide Money Laundering Reporting Officers and industry practitioners with insights on trends and developments, which should help inform the arrangements and risks of their respective firms.

MPS provider handed £1m tax refund

You Asset Management, formerly Beaufort Investments, was refunded £1.1m after the taxman concluded discretionary fund manager’s model portfolios should be exempt from VAT.

Regulating for better outcomes - next steps in consumer credit

Those consequences have been more severe for those in difficult financial circumstances, and millions more people now find themselves in that situation.

Regulation, Supervision and Oversight of “Global Stablecoin” Arrangements

Progress Report on the implementation of the FSB High-Level Recommendations

EU must step up its game against harmful tax practices, says Parliament

The governance would also need to be reformed to make decisions binding and the decision-making process more transparent and efficient.

Overview of joint and several liability notices for tax avoidance, tax evasion and repeated insolvency

This guidance is about the ‘Joint and several liability of company directors etc’ legislation

Banks Ditching Clients Due to ESG Risks

The European Central Bank has recently said that banks have been too slow in addressing risks

FCA said to be preparing enforcement against ACD after probe

Fund administrator Way Fund Managers is being issued with special enforcement by the City watchdog, Citywire Wealth Manager understands.

Walkers and Tramontana Shortlisted for the Financial Times Europe Innovative Lawyers Awards 2021

The 2021 awards include 109 shortlisted entries across 14 categories submitted by 62 law firms operating in Europe.

Quillon Law launches in London

Leading litigators join forces to create specialist disputes practice

FATF - Consolidated assessment ratings

FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members' AML/CFT measures work in practice

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