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

FCA receives record 315 whistleblowing reports between April and June

The surge highlights growing staff and public confidence in raising concerns about wrongdoing in the financial sector.

Eversheds Sutherland advises Pulse Clean Energy on multi-million-pound finance package

Pulse Clean Energy has established itself as a leading developer and operator of battery storage in the UK, with a planned operational capacity of over 2GWh by 2030.

FSCS confirms five firms were declared in default in June and July 2025

If a regulated financial firm is no longer trading and cannot pay a customer’s claim, FSCS can step in to pay compensation if certain requirements are met.

Blake Morgan Partner Recognised in 2025 Chambers High Net Worth Guide

The Chambers High Net Worth Guide identifies and ranks top-performing lawyers and firms working with high net-worth individuals and their advisers.

Financial Ombudsman Service consults on changes to its case fees

Some businesses believe this is unfair when they are settling complaints earlier in the process.

FCA to streamline sustainability reporting for asset managers

The regulator has updated its sustainability reporting requirements webpage, offering guidance on efficient reporting under both TCFD and SDR rules.

Policy statement: The Appointed Representatives Regime

This policy statement sets out the government’s overall policy approach for regulation of Appointed Representatives carrying on regulated financial services activity in the UK.

First-quarter of 2025 supervisory data shows that the EU/EEA banking sector remains robust, despite increased cost of risk, the EBA Risk Dashboard finds

EU/EEA banks reported non-performing loans (NPLs) totalling EUR 377.8 billion, consistent with the prior quarter's figures.

SupTech can make anti-money laundering and countering the financing of terrorism supervision more effective, the EBA finds

The EBA will continue to support NCAs and AMLA in strengthening their use of technology and fostering innovation in AML/CFT supervision across the EU.

UK jobs market losing momentum piling pressure on BoE for another cut

Hiring conditions have been softening for months in the wake of employer National Insurance changes and a cooling economy.

The EBA amends technical standards specifying the data collection for the 2026 benchmarking exercise

In the area of credit risk, the EBA is suggesting only minor changes.

St James’s Place under renewed fire over exit fees

New customers sold products with high charges days before new fee structure takes effect

Brex enters European market with new EU Payment Institution licence

Brex has already established Dutch offices with a full board and sales, operations and customer success teams.

Devon man guilty over £1m Ponzi scam

The FCA said it will begin confiscation proceedings to recover the proceeds of crime.

Bank rate cut brings cash alternatives into spotlight: What big cash savers can do as savings rates fall

The Bank of England cut the bank rate from 4.25 per cent to 4.00 per cent today as the monetary policy committee judged, in a split decision, that economic slowdown is currently a greater threat than inflation.

FCA introduces new rules to safeguard client funds

Additionally, all firms must implement monthly reporting on customer holdings and perform daily checks to confirm sufficient safeguarding of funds.

Bank of England to override its inflation mandate and cut rates

The decision to cut rates again is likely to be far from unanimous and may possibly see a return of May’s three-way split.

FCA sets out changes to payment safeguarding rules

Safeguarding means that customer money must be kept separate from the firm’s own money so that it is available to be returned if the firm fails.

Consumer group slams FCA safeguarding reforms as ‘too little, too late’

Safeguarding refers to the practice of keeping customer money separate from a firm’s own finances to prevent losses in the event of insolvency.

ECB publishes supervisory banking statistics on significant institutions for the first quarter of 2025

Supervisory banking statistics also available as interactive reports for first time, providing enhanced user customisation

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