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

Nine Appleby Offices Recognised in IFLR 1000 Guide

Nine of Appleby’s offices have achieved Tier 1 and Tier 2 status in the latest IFLR1000 rankings.

Carey Olsen continues to lead offshore market in Legal 500 UK rankings

Carey Olsen has secured a clean sweep of Tier One rankings across nine practice areas in Guernsey, along with nine Tier One rankings in Jersey

Insurance risk management in a changing world Speech given by Charlotte Gerken

The world in which insurers operate continues to shift.

German consumers more keen to spend after ECB rate cut - GfK survey

Household spending has become an important pillar of support in Germany as its exports falter.

UK Draft Bill Addresses Criminal Money Laundering Through Overseas Entities

This was based on the fact that companies may not know whether or not they constitute legal entities for the purposes of the ROE Bill.

Bulgarian who grew up under communist rule to take reins of IMF

Kristalina Georgieva, a top World Bank official, was chosen by the IMF’s executive board to succeed Christine Lagarde.

£43m lost to reported investment scams in the first half of 2019

‘Push payment’ and business cheque frauds rocketing

ABN Amro Dirty Money Probe Piles Pain on Europe's Troubled Banks

ABN investigated for failing to report suspicious transactions

FCA told to review Fos oversight

The commissioner also recommended the FCA, regardless of the review's outcome, provide further clarification on its website about its approach to its oversight of the Fos.

Labour’s plans for non-doms could prove costly for the UK

But the thing is that the UK is not exactly the only country that offers favourable tax deals for newish immigrants.

Continued IFA consolidation leads to landscape change

Describe some of the challenges involved with selling a business

The Wayfair case: the US Supreme Court’s decision and its impact on UK firms

For sales tax purposes, taxable transactions include both business-to-business and business-to-consumer transactions

Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’

The ECB in particular has eased aggressively, lowering its deposit rate by 10 basis points to a record low of -0.5%.

Findings from FCA review of unit-linked firms' governance practices

This is part of wider work in this area, including a review of non-workplace pensions, the governance of unit-linked mirror funds, and the effectiveness and scope of Independent Governance Committees (IGCs).

Azzurro Associates Selects LexisNexis Visualfiles for Azzurro Law Ltd

With the kind of data that the solution holds, and by applying the right logic, Visualfiles can do anything you want it to.

The Network for Greening the Financial System

The NGFS’ diverse membership, which includes the German, Dutch and French Central banks, allows for close coordination between the various ongoing international initiatives on issues of common interest.

EU Court Scraps $37M Antitrust Fine Against HSBC

Eight banks were eventually dealt fines totaling $2.34 billion, with Germany-based Deutsche Bank, Barclay’s, Royal Bank of Scotland and France’s Societe Generale receiving reduced fines of $1.5 billion when they agreed to settle the commission

Europe, the U.S. … or the Cayman Islands? Tackling the World’s Fund Barriers By Selma Lee Arch

Both of these bills were among those passed by the Cayman Islands Legislative Assembly on July 26, 2019.

PGIM receives AIFM approval in the Netherlands

This newly authorised entity follows the announcement in July 2019 that PGIM Investments, the global manufacturer and fund distributor of PGIM, established operations in Switzerland.

EBA launches its 2019 EU-wide transparency exercise

As of this year, the transparency exercise will disclose data with quarterly rather than semi-annual frequency, in order to provide users with more granular supervisory data for time series analysis.

Legal, Regulation & Compliance