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

EU watchdog takes deep dive into banks' use of tech

But the lack of common regulatory standards across EU states for a growing subsector could pose barriers for wider market adoption of RegTech, the EBA said.

EU watchdog: Insufficient transposition of legislation results in unlevel playing field against money laundering

For a start, the EU should use regulations in preference to directives wherever possible, given the need for legislation to be implemented coherently at member state level, he added.

EU could be destroyed by national legal challenges, Brussels warns

Justice commissioner Didier Reynders vows to fight attempts to roll back supremacy of EU law

FCA urges victims of illegal investment scheme to come forward

The court also ordered these amounts be paid as compensation to the victims of the illegal investment scheme.

Duo of decisions reaffirming the Duomatic principle: A closer look at the Ciban and Satyam cases

The Duomatic principle is a principle derived from English case law whereby a company's shareholders can informally give approval through unanimous consent, rather than abiding by the strict formalities.

FCA review finds weaknesses in some ‘host’ Authorised Fund Management firms’ governance and operations

The review focussed on host AFMs but some of the findings are also applicable to in-house AFMs.

CII AGM takes place today as PFS battle rages

Opposition to the deregistration of the PFS has been growing with the campaign group 'Our PFS’ gaining support from many PFS members.

UK, Singapore Commit to Deepening Regulatory Cooperation

The two countries also announced an MoU to enhance bilateral cyber security cooperation

Major Law Firms Launch Net Zero Lawyers Alliance to Commit to Accelerating Global Transition to Net Zero

NZLA members commit to ensuring that they engage with their clients’ own transition and decarbonisation objectives.

FSCS declares 10 financial firms in default

The latest numbers suggest a slight slowing in the number of defaults with 11 firms declared in default in March compared to only 10 in April and May.

Capital International Bank secured Isle of Man full alternative banking regime licence

It has a quick pre-application process, whereby clients will know within just 200 seconds whether they are eligible for the service or not.

EU Commission adopts UK Data Adequacy Decisions

By adopting the Adequacy Decisions, the EU Commission has recognised that the UK has fully incorporated the principles, rights and obligations of the GDPR

Central Bank of Ireland Supervisory Priorities for the Insurance Sector

The CBI's priorities focus on the fundamentals of effective supervision; strengthening regulatory and supervisory frameworks

High Court Declines to “Cram Down” Shareholders in Proposed Part 26A Restructuring Plan of Oil Company

The decision provides new judicial guidance for determining the boundaries of cross-class cram down tests.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

Deutsche Bank compensates Spanish winemaker over forex scandal

German lender pays €10m to JGC to settle claims of mis-selling exotic derivatives

FCA fines Crosfill & Archer Claims Limited £110,000

This fine was for making unsolicited telemarketing calls to people who registered not to receive this type of sales call, where the firm had no evidence they had consented to receive the call or where the firm was unable to confirm what consent had been o

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