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

Regulatory, ESG and Crypto Legal Check-List for Family Offices Post Pandemic

Once the family office is clear on this, these commitments can be built into legal documents as necessary.

EU warns Luxembourg with daily penalty threat over AML rules

The rules that the Commission claims Luxembourg has failed to implement were "a crucial tool to break criminals' business models and combat organised crime.

Value veteran gives up fund management and slams distorted markets

Tom Stubbe Olsen lists short-termism of markets and proliferation of social media trading platforms as some of the main reasons behind the move.

Spain passes the Digital Services Tax regulations and tax return

The DST Regulations develops (i) the DST location rules for the users’ devises and (ii) the formal obligations.

FCA warns tech giants it will 'take action' over scam ads

FCA head of enforcement Mark Steward told the committee the regulator has had “good engagement” with all the social media companies and has made it very clear that it expects them to be taking action to reduce the number of scams that are foun

TISE welcomes first Irish Member

The TISE proposition has a number of important differentiators from the other exchanges we work with. We are sure it will be a very attractive listing venue for our clients.

International advice group opens second Cyprus office

Operation ‘will deepen our ability to operate and expand across the European region’

Clarifications regarding the application of MiFiD to Luxembourg IFMs

This CSSF FAQ aims at clarifying under what circumstances and to what extent MiFID applies to IFMs

Conman and crypto millionaire jailed for 37 years for fraud and money laundering

The man, who has been sentenced to 37 years in jail, made a habit of flaunting his wealth on social media, including his numerous travels and cosmetic surgeries.

Italian heiress has five weeks to pay £1.83m in family trust row

She has so far paid five instalments totalling £166,666.65 and must now pay the balance by July 15 or face the threat of jail.

EU takes Luxembourg to court over money laundering rules

European Commission started infringement procedure against Luxembourg in 2016 over late adoption of EU rules

ILS funds need to consider their ESG standards

ILS fund managers from outside the EU who market their funds to investors within the EU will also need to be mindful of the SFDR's disclosure requirements.

Bank for International Settlements and Bank of England launch Innovation Hub London Centre

The London centre will help advance Innovation Hub's work on priority themes.

An attempt to ReAssure advisers: Company to stop denying transaction history requests

Solution 'going live this week'

Bank regulators plot toughest capital rule for bitcoin

The Basel Committee on Banking Supervision, made up of regulators from the world's leading financial centres, proposed a twin approach to capital requirements for cryptoassets held by banks in its first bespoke rule for the nascent sector.

FSCS pays out £3.75m on Greyfriars claims

Greyfriars was declared in default by the FSCS in April last year, after the lifeboat fund received at least one eligible claim against the firm.

Asset management industry blasts “excessively high” fees for essential benchmarking data

The index market is dominated by three firms, FTSE Russell, S&P Dow Jones, and MSCI

FCA introduces rule to protect customers from insurance ‘loyalty penalty’

As a result, the FCA included more guidance and detail on areas such as the treatment of incentives in the final rules.

Constructive trusts and immovable property – English High Court grapples with a vexed question of Jersey law

It was common ground between the parties to the English proceedings that that question was a matter of Jersey law

EU recommits support for the use of intellectual property rights in the Caribbean

The EU said intellectual property and innovation are critical components in fostering trade and investment as well as stimulating innovation and competitiveness in the private sector.

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