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

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.

Banks told Covid-19 no excuse to delay beefing up EU Brexit hubs

Many institutions in the EU are too small to be viable and are not doing a lot of business yet as clients want to remain connected to deep liquidity in London

Chyknell Hall: Sleepy hamlet wakes to royal scandal

Chyknell Hall near Bridgnorth has taken centre stage in the drama thanks to its prominent yet elusive resident

Is It Time to End the Ban on Bank Dividends?

The dividend ban also helps ensure that lenders have enough capital to weather loan losses, and it improves their creditworthiness.

Global Fund Delegation May Be Restricted

The regulator’s letter said the use of third country entities not directly supervised by Esma or an EU national regulator create “increased operational and supervisory risks” and raise “regulatory arbitrage and investor protection

Billionaire’s Malta assets under worldwide freezing order after Turkey coup arrest

Shipping mogul Mübariz Mansimov, arrested over Turkey coup and alleged Gulen links, has shipping empire based in tax-friendly Malta

Sant tells Brussels to safeguard consumer banking as COVID-19 shutters more branches

As banks move to digital, Alfred Sant questions the EU’s commitment in protecting essential banking services

FNZ bites back at CMA over GBST merger block

FNZ has challenged the decision by the Competition and Markets Authority to block its proposed merger with rival GBST, saying that the watchdog has an artificially narrow view of the platform market.

Ex-Chelsea manager fights to recoup €30m lost to ‘scam’

Italian financier claimed his investment scheme was backed by HSBC

Former IFA among trio charged with fraud

Richard Emmett, a former solicitor, has also been charged with one count of fraudulent trading and one count of being concerned in an arrangement which facilitates the acquisition, retention, use or control of criminal property.

UK plans law to force big companies to clean up their supply chains

Many big companies already have sustainable sourcing policies in place for co

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