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

The central bank balance sheet as a policy tool: past, present and future - speech by Andrew Bailey

This experience has reiterated that the effectiveness of our tools depends on the situation in which they are used.

Changes to Guernsey's beneficial ownership regime

The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.

FCA open-ended funds review survey

During the coronavirus crisis, consumers may find themselves needing access to their savings in accounts with restrictions on access.

Why Linklaters Says It Is Benefiting from Having Lawyers Working From Home

Linklaters said it is “encouraging open and continuous dialogues across the firm” on issues such as flexible start and finish times, modified daily ‘core’ hours and modified hours to allow for commitments outside of work.

Further review of IHT by the APPG

The APPG paper proposes comparatively radical reforms to a system that it describes as having been criticised as complex, ineffective, riddled with anomalies, distortionary and unfair, unpopular and ripe for reform.

FCA and TPR team up to tackle pension scams

Scammers wreck lives and no matter how big or small your savings are, every pot is a target.

Migrating A Company Out Of Guernsey

Just like a person, a company can change its nationality.

Covid-19: FCA proposes further support for mortgage borrowers

The majority of customers who have had a payment holiday are expected to resume full repayment.

Govt to force schemes to publish climate risk reports

"These measures will ensure pension schemes are in an ideal position to drive change to a sustainable, low carbon economy which will benefit everyone.”

Warning tax evasion policy can foil M&A deal at 'eleventh hour'

For advisers this means they would need to act if they found a client had undeclared assets on their books.

EFAMA updates European Fund Classification Categories

EFAMA strongly encourages the adoption of the EFC by fund managers and distributors to contribute to a more integrated and competitive European fund market.”

UK boutique wins equity mandate from Danish pension pool

Pension pool award fourth mandate of 2020 with latest selection based on the asset manager's quality focus and ESG approach.

Ireland Update – Use of Electronic Signatures on Regulatory Documents and Forms

The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate.

FCA: LCF final report to be published in November

In the event of a 2022 decision by the FSB to discontinue the G-SII list, the FSB will review the scope of application of G-SII specific requirements in consultation with the International Association of Insurance Supervisors (IAIS).

COVID 19 Ireland Update: Company Law Changes

The measures in the Act are operative for an 'interim period' until 31 December 2020, although they can be extended by the Government under the provisions of the Act.

Bank employees association asks CS to freeze layoffs

In a statement, ASEB said the bank should pause layoffs at least until the end of the year.

PRA statement on Covid-19: IFRS 9 and capital requirements – Guidance as Covid-19 specific payment deferrals come to an end

This statement clarifies the PRA’s approach to IFRS 9 and capital requirements in response to updated FCA guidance on retail mortgage payment deferrals.

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