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

COVID-19 UK Law Key Changes to Eviction Rules for Residential Assured Shorthold Tenancies

he ban has been reflected in their decision to suspend all ongoing housing possession actions.

African Development Bank celebrates milestone with first social bond listing on London Stock Exchange

Record-breaking $3 billion Fight Covid-19 social bond launches on LSE: a first for the Bank

COVID-19: introduction of practical regulation and considerations in Luxembourg

This reaffirms the importance of providing regulatory reporting in a timely manner, extending the filing of annual financial statements and insisting on the importance for supervised entities to provide virtual or remote access to their employees.

Economic Policies for the COVID-19 War

In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.

Norton Rose calls on staff to work a four-day week

UK law firm first to ask staff to cut back hours after taking similar action during financial crisis

Ask for a selfie: UK financial watchdog eases rules in pandemic

Restrictions on non-essential travel affect a firm’s ability to make compulsory anti-money laundering checks on customers, but Woolard said firms can be flexible.

U.K. Regulator Fines KPMG, Partner for Audit Failures

Whilst the Decision Notice does not question the truth or fairness of the company’s FY2016 financial statements, the breaches of Relevant Requirements related to the audit of items which were material to the consolidated income statement, albeit the

Wills and Lasting Powers of Attorneys in the time of Coronavirus By Dhana Sabanathan, Partner at Winckworth Sherwood

Lasting Powers of Attorneys enable chosen individuals to step in and take action when someone loses capacity.

European megabanks eye African American-owned banks for US entry

The first likely beneficiary of a minority-owned first policy is Washington, DC-based and family owned Industrial Bank

German Law Aspects of Crypto Assets

Legal systems take divergent approaches to the concept of property.

SocGen, Credit Agricole Boosted Risky Assets Before Crisis Hit

French banks only ones to lift Level 3 assets, Berenberg says

Maltese Court orders seizure of €29.5m of assets belonging to 'Vatican Bank'

A court order was issued today directing that money or property of the IOR be seized.

Crédit Agricole’s dividend cancellation catches fund manager Amundi

The move makes Amundi the first major asset manager to suspend shareholder payments amid the coronavirus crisis — though its ownership by a large banking group puts it in a special position.

Finma finds Anti-Money Laundering Act breaches at over 10 initial coin offerings

Finma has also started enforcement proceedings against a firm for unlawafully receiving public desposits and another for illegal securities trading with tokens.

Covid-19 brings out the best and worst of us

Sadly, this has been working – nearly £1m has already been lost to scammers since the crisis started to unfold in the UK in February, and we can sadly expect more such tales.

Arron Banks fails in effort to use European laws to avoid £162,000 tax bill

HMRC says millionaire owes money for inheritance tax liability on Ukip donations

DeVere fined by Malta regulator

Spokesperson says the advisory firm intends to appeal

HMRC warns returning NHS staff to ignore tax avoidance schemes

As promoters target those coming back to help fight the covid-19 outbreak

Covid-19 Lux Update: Exceptional Measures to Companies

Any Luxembourg company may hold any general meeting without a physical meeting

Denial of Tax Deduction on Interest and Royalties

Tax deductibility could be denied for parties in countries on the EU List of Non-Cooperative Jurisdictions for Tax Purposes.

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