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

HMRC faces legal fight for handing Britons' data to US tax officials

Case may have implications for British citizens born in US, who risk having accounts frozen

Changes to reporting by Financial Counterparties under EMIR

This new regulation, which is known as both ‘EMIR Refit’ and ‘EMIR 2.1’, came into effect on 17 June 2019.

London’s High Court freezes Maltese passport buyer's assets

Russian Billionaire is facing $1.3bn lawsuit

Withers succeeds in clearing client in five year regulatory investigation

Mr Tinney was cleared by the Upper Tribunal of misleading the regulator and the New York Fed, and he is permitted to work again for any bank or other financial services institution in any role, including a senior management role.

New guidelines on tax exemptions for investments in Italian real estate funds

A preliminary analysis of the investment scheme and of the entities involved for Italian tax purposes is crucial at the investment planning and structuring stage.

EU seeks “reboot” of capital-markets plan to reduce reliance on banks

The EU document, which is not binding but sets the bloc’s priorities for the coming six months, urged an alignment of national laws on insolvency and corporate taxes in the 28 EU countries to remove barriers to capital flows.

SMCR checklists for solo-regulated firms

Senior Management Functions will appear on the FS Register on 9 December 2019.

Female banker whose boss repeatedly told her 'not now, Stacey' wins £4m sex discrimination claim

The size of award Miss Macken will receive has yet to be determined.

Lloyds and Barclays hit by $4bn insurance mis-selling claims

The huge provisions show how banks in Britain are still battling with the legacy of the scandal, even after the Aug. 29 deadline for consumers to complain, as a rush of customer enquiries in the run-up to that date forced them to set aside more compensati

CSSF ‘Brexit licence’ deadline looms

The Commission de Surveillance du Secteur Financier (CSSF) warned that unless firms submitted a notification to them by the deadline, they would be considered as ‘third-country entities’.

Vincent Kompany's testimonial match and the changing tax position

With average salaries these days for top premiership players easily surpassing £5m per year, sporting testimonials are now more symbolic.

ESMA gives gloomy outlook for European money management industry

In the two quarters, equity funds faced €54 billion of outflows, while multiasset funds saw €16 billion in outflows.

The ECB Is Preparing to Inflict More Pain on Banks

ECB expected to cut deposit rate to at least minus 0.5%

Finance minister: Germany can pump 'many, many billions' into economy

Speaking to lawmakers during a general budget debate in the lower house of parliament, Scholz said Germany was in a position to do more if an economic crisis hits thanks to its solid budget planning and rigid policy of not taking on new debt.

Commerzbank Frankfurt Offices Raided in Widening Tax Scandal

Cologne prosecutors confirmed they were conducting activities in the matter on Tuesday, without saying where or at what banks.

Banks Don’t Need More Detailed Regulation, Danish Governor Says

And perhaps we should consider whether the fence poles are in the right place or whether we have fenced in some areas too much.

When regulators become nationalists

EU’s new treatment of bank software assets is partly a response to global competitive pressures

Trusts And Foundations In Malta

How the legal institutes differ under Maltese law

Spanish Banks Face Risk of Penalties for Unfair Mortgages

EU court’s binding ruling expected in next four to six months

FOS apologises for SJP complaints data error

But the actual number of upheld complaints remains unchanged.

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