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

Europe ‘can’t cope’ with extreme weather costs, warns insurance watchdog

EU regulator Hielkema says governments and banks will struggle to pay for natural disasters

PRA Regulatory Digest - January 2025

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

PIMFA calls for an ambitious and assertive approach in modernising the redress system

The trade association urges the FCA to reconsider the role of FOS, and explore consolidating the regulatory regime for CMCs

ECB cuts rates to 2.75% in attempt to breathe life into flatlining economy

The ECB expects inflation will drop closer to its 2% target throughout the year, with some members even concerned that price pressures could see it fall below this goal.

Schroders’ UK pension scheme commits to running-on and harnessing DB surplus for DC contributions

These guardrails encompass regular funding level and covenant checks, as well as a mechanism to recoup contributions should the DB section’s funding level deteriorate.

EY Is Back in Business In Germany

The vote is likely to be a formality.

ECB rate cut to 2.75% sparks market reaction

The rate cut was widely anticipated given stagnant economic activity and weak consumer confidence in Europe

All eyes on tariffs as Fed holds and ECB cuts

US and European central banks are now on different tracks, at least until the details of US trade policy become clearer.

FCA to publish good and poor practices of mortgage advisers

The City watchdog highlighted that recent supervisory work showed some firms had a “culture driven by sales targets”

Regulator to ‘cut red tape’ on corporate bonds

The FCA is also proposing simplifying the requirements that apply to listed companies when they issue further securities

UK regulator says firms are under-reporting money mules

Financial companies cite challenge of establishing criminal intent

New Code of Conduct makes ABN AMRO’s procurement policy more sustainable

The bank’s new Supplier Code of Conduct now sets out clearer expectations for companies working with ABN AMRO.

PRA Climate Change Adaptation Report 2025

The PRA has produced this report in response to an invitation by the Department for Environment, Food & Rural Affairs (DEFRA) to participate under the fourth round of the climate change adaptation reporting power.

BoE's Bailey warns of 'trade-off' between economic growth and relaxed mortgage lending rules

Our key job is to lay out the risks and the vulnerabilities

Reframing our relationship with risk: consumer-led sustainable growth

Speech by Emily Shepperd, chief operating officer, at the 2025 Risk Leader Summit, hosted by the Professional Risk Managers International Association.

Climate: Federal Council approves new reduction targets under the Paris Agreement

The objectives are to be achieved primarily through domestic measures.

Private equity and financial services: predictions for 2025

An active financial services deal market, coupled with opportunities to digitalise financial services business models and consolidate certain market segments all contributed to sustained buyout investment in the sector.

Progress on the FCA’s case against care home investment scheme

The FCA and Lupton Fawcett LLP have now settled that claim on confidential terms.

Central bank independence in an era of volatility

Lamfalussy Lecture by Christine Lagarde, President of the ECB, at the Lamfalussy Lectures Conference organised by the Magyar Nemzeti Bank, pre-recorded in Frankfurt am Main on 15 January 2025

Chief risk officers emerge as strategic boardroom partners, says report

It highlights how the role has evolved to meet the demands of an increasingly complex global financial environment.

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