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

Mind the gap(s): Inflation data and prospects - speech by Catherine L. Mann

The latest data for headline inflation surprized to the downside relative to what we had expected in November.

'Urgent reform' needed to improve performance of UK regulators

Some regulators are being overloaded with objectives, without clear guidance on how they should prioritise between them

Woodford scheme of arrangement sanctioned by High Court

Appeal process open until 23 February

Financial Services & Banking News

A steering committee will be launched in Spring 2024 to support and guide the activities of a formal regulator coordination structure within government.

Auto-enrolment is 'incomplete', says pensions minister

"I like to see them thinking about the future but there is the risk of them slipping into worse poverty."

EU legislators reach consensus on overseeing ESG ratings providers

Under the proposed regulation, ESG rating providers would fall under the European Securities and Markets Authority

Former asset manager of Prince Albert of Monaco reveals internal affairs

According to media reports, other people close to the royal family also wanted to use their assets to finance apartments and other purchases.

Ocorian expands global regulatory team with Bovill acquisition

Bovill’s team of 81 specialists, complementary services and global footprint will combine with Newgate, Ocorian’s existing regulatory and compliance business in the UK and Guernsey

The UK listing regime - developments since the UK Listings Review and next steps for reform

The purring of powerful engines revving up to deliver speed and precision.

OECD projects UK to suffer highest inflation rate among G7 economies

In 2024 and 2025

Reform UK accepted donations from Crispin Odey despite sexual assault allegations

Disgraced financier gave the rightwing party £10,000 after investigation was published

UK Bank Close Brothers Loses Third of Value Amid Market Probe

RBC cut Close Brothers to market perform — the equivalent of neutral — from outperform.

'Pimfa: We strongly support the FCA's working group on sustainability rules'

This regime hopes to play a key role in increasing consumer trust in the market for sustainable investments.

Square Mile suspends two Jupiter fund ratings amid Whitmore and Murphy exit

Three BNY Mellon funds lose ratings

European bank recovery stumbles as BNP Paribas and ING dim outlook

"From that point of view, 2024 won't be very favourable for us," Bonnafe told reporters.

National minimum wage compliance traps for businesses in 2024

Compliance with the NMW regulations can often be complex - compliance extends far beyond ensuring that at least the headline rate is paid.

FINMA provides information about the status of the approval process and supervision of asset managers

It also provides information about the new approach to the thresholds for the commercial activity of trustees.

Investigators are searching the DWS again

Uninvited visit – once again. The Frankfurt public prosecutor's office appears at the asset manager's premises for the third time because of the greenwashing scandal.

Addleshaw Goddard: Financial Services & Banking News

This joint report expands on these findings, as well as highlighting the inherent opportunities, risks, regulatory and supervisory challenges associated with these activities.

Gresham House Energy Storage scraps Q4 dividend and outlines share buyback plans

Dividend target and policy under review

Legal, Regulation & Compliance