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

European central bankers predict that the digital euro is at least five years away

Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.

SBM Offshore Faces Swiss Probe Over Legacy Bribery Allegations

The latest SBM Offshore probe is related to allegations that it has resolved in the U.S., Brazil and the Netherlands, according to the company.

Arcadia collapse sees 10,000 pensions head to PPF

Both the industry and MPs have called on Sir Philip to plug the shortfall.

FCA clarifies notification requirements under UK EMIR

EU market participants will be able to use benchmarks administered in a country outside the EU until the end of 2023.

FCA criminal prosecution for destruction of documents - lessons for firms

The Financial Conduct Authority (“FCA”) has been unsuccessful in its attempted prosecution of a former banker

Brexit | Action points for pension scheme trustees

As the UK approaches the end of the transition period, what steps should pension scheme trustees be taking?

COVID-19 impacts Irish law firms, with 60% concerned maintaining profitability is a key challenge for the sector

Nearly two in three Irish law firms has recorded a decline in revenue over the last year, with six out of ten citing maintaining profitability as a key challenge facing the sector over the next two to three years.

Distribution of Foreign Investment Funds in the UK Post Brexit TPR and OFR

Before transitioning to the OFR, any eligible foreign investment fund which is to be marketed in the UK, is required to be opted into the Temporary Permissions Regime ("TPR") by no later than 30 December 2020.

Are you ready for the new rules on ESG investment coming into force in March 2021?

The right digital solution isn’t just a tick in the box or a way to avoid further administrative burden – it can enable an increase in client engagement and loyalty and deliver long-term growth.

New requirements for transferring personal data from Europe

As a result of the New SCCs and other recent developments discussed below, businesses will need to undertake a remediation project to assess their data transfer arrangements.

British banks to close EU residents’ investment accounts

Several British banks have confirmed that the accounts of investment or wealth management customers in France will close before 2021

Big Four await shake-up as probes into alleged corruption continue

This could mean that, amid the backdrop of a recovering COVID economy and Britain outside of the European Union, the Big Four could face a major shake-up in this new business environment.

Second passport demand surges by 50% amid Covid-19 restrictions

While this still remains the case, there’s also been a shift due to the pandemic.

Stephenson Harwood advises Schroders on British Opportunities Trust launch

The Stephenson Harwood team was led by partner Alex Haynes, who was supported by senior associate Carolyn Hall and associate Daniel Whalen.

PIMFA calls for urgent reform of supervision & FSCS levy to protect consumers & industry as it sets out a roadmap towards lower FSCS bills

PIMFA has consistently argued that policy should be designed to minimise the need for the compensation scheme and protect consumers before the harm occurs - rather than allowing harm to occur and relying on the FSCS as a safety net.

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