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

FCA Finalizes Guidance on Types of Cryptoassets It Will Regulate

This includes making the important distinction as to which cryptoassets fall inside the regulatory perimeter clearer.

The PRA’s Approach to Enforcement by Miles Bake

Speech given by Miles Bake, Head of Legal, Enforcement & Litigation Division

Commission sets out its equivalence policy with non-EU countries

Our equivalence policy has proven effective so far, and we now have even better rules in place to meet our objectives of preserving financial stability while promoting international integration of EU financial markets.”

Spain’s second-largest bank charged with corruption

Spanish media reported that BBVA had hired Villarejo’s firm Cenyt to investigate officials belonging to the construction company Sacyr, as part of BBVA’s efforts to stop a Sacyr’s unsuccessful bid to take over the bank in 2004.

Bank of England and PRA finalise the Resolvability Assessment Framework

Resolution is the process by which authorities intervene to manage the failure of a bank in an orderly way.

Optimising the Senior Managers and Certification Regime

Today we publish final rules on the extension of the Senior Managers and Certification Regime (SM&CR) to FCA solo-regulated firms, including claims management companies.

JPMorgan, UBS Among Banks Facing $1 Billion FX-Rigging Suit

The lawsuit centers on collusion on foreign-exchange trading strategies, for which the European Commission fined Barclays, RBS, Citigroup, JPMorgan and Mitsubishi UFJ Financial Group, Inc. a total of 1.07 billion euros ($1.2 billion) in May.

How negative interest rates helped turn Deutsche Bank into a disaster

But Deutsche Bank's struggles have also been amplified by something the 149-year-old lender never imagined, mostly because it had never happened before in modern history: negative interest rates.

Supreme court rules UBS must hand client data over to France

This represents a significant change, as it overturns a decision previously made by the Swiss Federal Administrative Court in 2018.

Why Compliance (Still) Matters

In fact, now is arguably the best time for corporations to continue investing in their compliance programs to ensure they have in place an effective and comprehensive set of compliance policies, procedures and internal controls.

Crossing the line to cross-examination

The claimants said the disclosure was inadequate and sought cross-examination of her on the same.

Deutsche Bank Launches Client-Data Compliance Probe after Layoffs: FT

The internal probe, lead by the bank’s global compliance chief Jeremy Kirk, will seek to determine whether ex-bankers accessed price-sensitive data

Swiss Government to Study UBS French Client Data Ruling

The ministry will carry out a “detailed analysis once the written grounds are available,” the FDF said in a statement on its website.

Leader of LCF probe urges victims to get in touch

Dame Gloster aims to engage with bondholders, professional organisations and other interested parties in an "organised and structured way".

Central Bank Action Could Send Oil Higher

It will be the first rate cut in a decade, and arguably provides evidence that the central bank tightened a bit too quickly last year.

EIOPA consults on the draft Opinion on the supervision of remuneration principles in the insurance and reinsurance sector

EIOPA's task is to ensure an effective and consistent level of supervision to guarantee a similar level of protection for policyholders and beneficiaries at the European level.

Legal, Regulation & Compliance