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

Deutsche Bank’s Spanish mis-selling scandal widens

Internal investigation is examining as many as 100 cases tied to the sale of currency derivatives

Enhancing access to the UK's equity capital markets: consultations on changes to the prospectus and listing regimes

The Prospectus Regime Review consultation takes forward the UK Listing Review Report's recommendation that the government carry out a fundamental review of the UK's prospectus regime.

FCA publishes Annual Report and Accounts 2020/21

2020/21 was a challenging year for everyone – the people we serve, the industry we regulate, and all of us at the Financial Conduct Authority.

European Green Deal: Commission proposes transformation of EU economy and society to meet climate ambitions

Achieving these emission reductions in the next decade is crucial to Europe becoming the world's first climate-neutral continent by 2050

FCA to strengthen headcount with new offices in Leeds, Belfast and Cardiff

The Business Plan sets out the key areas of focus for the FCA in the coming year.

Mutual societies: ESG regulation and enforcement

This is particularly the case considering the issuance of the Bank of England’s, FCA’s and PRA’s joint discussion paper on diversity and inclusion in the financial sector in July 2021.

Switzerland and Japan sign protocol of amendment to double taxation agreement

It also supplements the provision on the mutual agreement procedure in accordance with the minimum standard and introduces the arbitration procedure.

GFSC updates Guernsey Green Fund rules

GFSC Director General William Mason said: “We were happy to see the Guernsey Green Funds regime working to protect investors from greenwashing and to be able to take on board feedback by liberalising a couple of aspects of the reporting regime to re

Financial Regulation: Daily Update

The European Securities and Markets Authority (ESMA) has published a consultation paper (CP) on the review of its guidelines on delayed disclosure of inside information under the Market Abuse Regulation

SAC rules on comparability of Luxembourg SICAVs and Finnish investment funds

The Supreme Administrative Court’s decision thus follows the CJEU’s ruling.

New standard contractual clauses for transfers of personal data to third countries adopted by the European Commission

For the avoidance of any confusion, it does not discuss the recent adoption of intra-EEA controller to processor standard contractual clauses under Article 28(7) of the GDPR.

EU consults on new Vertical Agreements Block Exemption regime

The draft new VABER sets out long-awaited amendments to existing EU competition law to bring it up to date with developments in the market, especially in relation to online selling.

EU guidelines change threatens German companies’ renewables levy exemption

The EEG levy funds the expansion of renewable energies in Germany, but certain companies can be exempted from the levy.

FCA publishes second letter of concerns in relation to Provident's proposed scheme of arrangement

The FCA’s key concern is that consumers are being offered significantly less than the full amount of redress they are owed.

Alternative investment fund managers: how to prepare for the new UK prudential regime

Newgate have developed a readiness assessment to undertake a gap analysis of a firm’s systems and controls against the requirements identifying any remediation actions to be undertaken.

Bank Liabilities Survey - 2021 Q2

This quarterly survey of banks and building societies is aimed at improving our understanding of the role of lenders’ liabilities and capital in driving credit and monetary conditions.

Tackling the Gender Pay Gap and Pay Transparency in Ireland

The changes will be introduced on a staggered basis, beginning with larger employers.

Luxembourg Simplifies Legal Framework for Non-Profits

Instead, they must establish a register of members kept by the board of directors.

Funds & Investment Management Update - Ireland and Luxembourg - Q2 2021

Other notable developments include the CSSF’s updated guidance on granting loans to the public and updates to its UCITS and AIFM FAQs, the publication of a Circular on remote working as well as further EU sustainable finance developments.

European Commission announces new European green bond standard

The Taxonomy Regulation sets out a classification of economic activities as environmentally sustainable.

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