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

Feifa partners with UK wealth firm

To expand the number of investment strategies offered to its members

COVID19 checklist for pension schemes

It also prioritises actions over different time periods, from actions required immediately to those recommended over the next three months and beyond.

FCA to postpone 'non-critical' work amid Covid-19 crisis

The regulator said its dialogue with firms and trade associations would continue over the coming weeks, including assessing the steps being taken to support customers.

European banks hit again after central bank moves

The price of Unicredit's perpetual bonds, callable from June 2023, fell to EUR80 ($89.30), from around EUR113 in mid-February, indicating investors see a significant risk its capital could be depleted enough to trigger the bonds' conversion to e

Hedge fund Bridgewater places $15 billion in bets against Europe and UK

Hedge funds engage in the practice of ‘shorting’ by borrowing a stock from an institutional investor, such as a pension plan, and selling it back at a profit when the price drops.

UK-Based Law Firm Rebuked by Regulator Over Money Laundering Training

The regulator also ordered the firm to pay about $1,650 to cover the costs of its investigation.

Another Kind of Outbreak: COVID-19 as Financial Crime Threat

With global attention on the outbreak itself, criminals need only be successful with a fraction of their potential victims to take advantage of the unfortunate situation that has unfolded.

The implications of coronavirus on the aviation finance industry

Concern is rising generally for airlines, do they have enough liquidity to survive until the flight restrictions and corporate travel bans are lifted

Latest Magic Circle Firm Instructs London Office To Work Remotely

The firm says it will review the situation after two weeks and a small team will remain at the office to perform essential services.

Coronavirus - A New Regulatory Risk Facing Firms in the UK Financial Sector

COVID-19 is reported to be highly contagious and a more severe disease than seasonal influenza in a population where no-one has immunity to the new virus.

Lords call to postpone IR35 reform amid Covid-19 fallout

Now, peers are warning to continue with the planned changes in light of the market chaos caused by the ever-spreading coronavirus outbreak would be "perverse".

European Commission report on implementation of CSMAD

REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the implementation of Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive)

Cyprus Bar Association’s mandatory questionnaire on AML/CFT

The procedure covers the periods 1 January 2018 – 31 December 2018 and 31 December 2018 – 31 December 2019 and must be completed by 30 April 2020 by all supervised persons.

Spanish king named on offshore fund linked to €65m Saudi 'gift'

Revelations threaten to tarnish king's image six years after he took over from his scandal-hit father

Coronavirus: Remote working for financial services

It’s an unprecedented situation with a large proportion of the global workforce now working from home in an attempt to delay and contain the virus.

Esma puts new leash on shorting in response to Coronavirus

ESMA considers that the current circumstances constitute a serious threat to market confidence in the EU, and that the proposed measure is appropriate and proportionate to address the current threat level to EU financial markets.

Swiss Banks Mull $20 Billion Crisis Fund

Credit Suisse boss Thomas Gottstein suggested the idea of a small business fund of at least $20 billion for bridge financing.

Solvency II: the quality of capital instruments

This statement should be read alongside all relevant European legislation and relevant parts of the Prudential Regulation

Solvency II: Adjusting for the reduction of loss absorbency where own fund instruments are taxed on conversion

This policy will take effect on publication of this PS on Monday 16 March 2020.

FSCS pays £381k against adviser's old firm

Mr Webster had previously said he was increasingly concerned about high regulatory fees and the FSCS levy at the time and suggested replacing the latter with a "product levy".

Legal, Regulation & Compliance