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

Central Bank of Ireland offers flexibility around regulations amid COVID-19

To help firms, the Central Bank of Ireland is clarifying its expectations relating to the deadlines for the submission of assurance reports

The impact of the global lockdown on corporate debt restructuring and trustees

Trustees would need to have suitable indemnities and legal counsel opinions in order to get comfortable with the meeting.

How to Steal Over £500,000 from Three UK Private Equity Funds by Business Email

Check Point researchers also uncovered a number of purchased domains unrelated to the target mentioned, indicating that there are potentially more targets in cybercrime gang’s lineup.

EU pushes to ‘phase out’ Malta’s citizenship scheme

Citizenship sale schemes posed money-laundering and corruption risks

UK employers need to know about these Good Work Plan changes to written statements

Before the recent changes took effect, employers had been legally obligated to provide employees with a written statement of certain terms and conditions, typically in the form of an employment contract.

1.9m euro seized from bank accounts after two-year money laundering investigation

A two-year investigation into suspected money laundering by an Italian organised crime network has led to the Metropolitan Police Services’s (MPS) largest ever cash forfeiture using an Account Freezing Order (AFO).

Leonteq, Rand Merchant Bank partner to distribute structured investment products

Rand Merchant Bank head of Structuring Hendrik Fourie said: “Our collaboration with Leonteq will enable us to expand our financial services offering, thus enhancing our value proposition for clients.

Victims crowdfund to sue lifeboat scheme

After FSCS concluded just 1% of LCF bondholders are eligible for compensation so far

High praise for our Italian practice in Legal 500 Europe

The professionals are reliable, present and always available.

Trusts and insolvency - a guide

To determine whether a trust is or is not insolvent, the cash-flow test applies, namely the inability of the trustee to meet its debts as trustee as they fall due out of the trust property.

FCA: Changes to regulatory reporting up to 30 June 2020

Given the impact of coronavirus (Covid-19), we have introduced some temporary measures for firms submitting regulatory returns.

CySEC issues guidance on completing the due diligence procedures after the commencement of a business relationship

CySEC sets out the parameters in which regulated entities are permitted to make use of this exception.

ESG Snapshot - Rules and Practice: Overview of the EU Taxonomy Regulation

The proposed Taxonomy Regulation establishes an EU-wide classification system or ‘framework’ intended to provide businesses and investors

Luxembourg government calls on start-ups to innovate in order to overcome the COVID-19 crisis

Project proposals can be submitted from 20 April until 30 April 2020

Gibraltar moves to tighten regulation of cryptocurrencies

We opted for regulating this space in a more financial services-based way, which became what we called the core principles.

GDPR Survey: Benefits Beyond Compliance

Compliance is a chain of responsibilities.

Change at the top for the JFSC

He joined the JFSC in 2010 as a Commissioner and assumed the role of Chair in 2014.

The phasing-out of LIBOR: a helpful guide to the “must-have” features of contractual fall-back language

The question then is what happens to these LIBOR-based products when LIBOR is no longer available. As

EIB under scrutiny for failings after whistleblowing complaints

The bank falls short of EU anti-money laundering rules, internal audit reveals

Capital Markets in the current climate

Capital markets and structured finance encompass a variety of asset types that have already been directly affected by the outbreak.

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