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

When Two UK Brokers Go Bust in One Month, Whose Fault is That?

UK investors, at least those with big portfolios, are on the hook if their broker fails.

The London boroughs where property prices are rising fastest

The average home in London and the south-east also took 73 days to sell, the second longest in Britain behind the north-east of England.

Following the LIBOR scandal, the EBC has launched its own benchmark interest rate

In 2012, an international investigation confirmed that some banks had been rigging LIBOR to inflate their profits.

Britain's economic growth to take off in 2020 - once final Brexit deal is complete

The new year should get an immediate boost from extra government spending, firstly on day-to-day consumption and then on investment once more money is ploughed into infrastructure, analysts predict.

Russian c.bank governor: inflation unlikely to exceed 4% target in 2020 - Interfax

Nabiullina also said the central bank would like to sell banks that it had rescued to private investors.

European Central Bank Announces New DLT Proof-Of-Concept Called EUROchain

The EUROchain use case is based on a design, as described in the report, which relies on intermediaries that have access to central bank accounts

Probe unearths second spying case at Credit Suisse

The probe was launched following media reports last week that spying at Credit Suisse ran deeper than one case.

IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets

The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.

Walkers' Global Aviation Team acts on Airborne Capital's Inaugural US$637 million ABS

Walkers Professional Services, in both Cayman and Ireland and led by Fiona de Lacy and Elaine Anderson, provided fiduciary and cash management services throughout the warehouse phase of the transaction and will continue to provide fiduciary services throu

The latest trends in philanthropy

The reputation of some of the more prominent charities has been tarnished and coupled with the perceived administration costs of some of these larger organisations, alternative ways of directly benefitting causes are increasingly being explored.

BoE self-assessment of RTGS and CHAPS against PFMI

There has been considerable progress made across both governance and risk management.

Time to sell? Principal private residence relief to become less generous

Property owners wishing to benefit from the longer exemption will need to have their properties sold by the start of the new tax year on 6 April 2020.

Aggravated money laundering: indictment filed against Mykola Martynenko and a further Ukrainian national

Mykola Martynenko is alleged to have arranged for these accounts to be opened in preparation for the money laundering offence.

Millions still to be repaid for power of attorney fees

There are two types of LPA: one that allows the attorney to make decisions about the donor’s property and financial affairs, and another that covers health and welfare.

EU Banking and Finance Regulatory Newsletter - December 2019

This means that any UK-tweaking of the Withdrawal Agreement Bill, which is already amending workers’ rights, when brought back to the House of Commons may pose problems for getting trade talks underway in a smooth fashion.

Cryptoasset businesses: are you ready for 5MLD?

These businesses should therefore be taking all appropriate steps to ensure that they will be in a position to comply with the MLRs with effect from 10 January 2020 in the event that they are brought within scope at that time.

PRA announces special requirements regarding whistleblowing systems and controls at the Society of Lloyd’s

The Society of Lloyd’s has voluntarily agreed to a number of additional requirements relating to whistleblowing and these are published today by the PRA.

Gibraltar sets out sweeping new financial reforms for 2020

The LRP Regulations do not change the substance of the current legislation they derive from and they remain similar.

FCA told to consider disclosing firms' PI details to clients

Complaints commissioner Antony Townsend said he sympathised with the client but ultimately sided with the FCA on its grounds of confidentiality.

How Brexit will affect cross-border divorce

The key piece of legislation in the area of cross-border divorce and children matters is Brussels II(a) (Regulation 2201/2003).

Legal, Regulation & Compliance