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

Quilter Foundation donates £100,000 to the National Emergencies Trust (NET) COVID-19 appeal

Quilter is making the donation from its Foundation to the NET COVID-19 appeal.

As Europe fights coronavirus and climate, is 'green stimulus' the way?

Coronavirus has taken some focus away from environmental issues but pressure is now mounting to design spending around climate change.

We can’t afford tax havens in the age of #Coronavirus

The global economy, as one commentator noted, is going into cardiac arrest.

A regulatory minefield

SFTR will require banks and investment firms to report their securities finance transactions to a registered trade repository for the first time.

HMRC Guidance on Statutory REsidence Test and Covid-19

It should be noted that if a person actually falls ill with COVID-19, they will likely fall within the express example given in the legislation of “sudden or life threatening illness”.

The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.

Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis

In fluid situations, these conditions are hard to meet.

George Galloway shames Brussels' crippling £6.9m FINE against Italy amid COVID-19 outbreak

GEORGE GALLOWAY launched into a scathing attack on the European Union over the decision to issue Italy with a £6.9million fine over subsidies in the middle of the coronavirus pandemic.

Holding the Line on Ultimate Beneficial Ownership

To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a

SRD II Comes into Effect in Ireland

They introduce new rules on investor engagement and investment strategy transparency for institutional investors and asset managers that invest on their behalf.

Banks emerge as part of solution to Covid-19 economic crisis

Temporary cash flow relief may delay the emergence of credit losses but more marginal borrowers will struggle to recover from months of missed income.

Coronavirus Job Listings and Money Laundering Schemes

Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.

Impact of the coronavirus on firms’ LIBOR transition plans

The FCA, Bank of England and members of the Working Group on Sterling Risk-Free Reference Rates have discussed the impact of the coronavirus on firms’ LIBOR transition plans over the coming months.

Bank of England - COVID Corporate Financing Facility

In a nutshell, the CCFF is commercial paper purchase programme designed for non-financial corporates to support them through the turbulence resulting from Covid-19.

Emergency Capital Raises for Public Companies

An FCA approved prospectus will usually be required for a rights issue, for both main market and AIM quoted companies

UK government and Bank of England tell banks to keep lending

Banks were expected to support all types of firms, not just those covered by BoE and government schemes rolled out so far, they added.

Finma adds firms including blockchain specialist to warning list

The list includes companies that might be carrying out unauthorised or unsupervised wealth management and banking services

How Italian advisers and wealth managers are tackling covid-19

The country has taken martial law-like measures to contain the spread of coronavirus

Coronavirus: can the ECB’s ‘bazooka’ avert a eurozone crisis?

Much may depend on whether Germany is willing to bail out Italy

Swedbank pulls ex-CEO’s golden parachute over money-laundering crisis

Swedbank last week said that it was monitoring the situation would evaluate the effects of the virus before taking a final decision on the dividend.

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