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

European banks, states have serious dirty-money shortcomings- EU Commission

The review also included lenders that have been shut because of money-laundering issues

Lloyds and Standard Life Aberdeen to settle £100bn funds row

Speculation mounts over potential job cuts at UniCredit

The drastic measure, which would mean a 10 per cent cut to its global workforce, marks the latest cost-cutting drive from Europe’s embattled banking sector, which has been battered by lower interest rates and rising volatility.

ESMA publishes its annual peer review report on EU CCPs supervision test

The report also identifies several best practices and considerations to further enhance supervisory convergence with respect to CCPs’ collateral and liquidity arrangements.

European Central Bank could act before Fed to add stimulus

The negative rate means banks pay to keep cash overnight at the ECB, a penalty aimed at pushing them to lend the money.

Alternatives to high-cost credit

Our report sets out actions and recommendations to improve the availability and awareness of alternatives to high-cost credit.

Ogier advises on the launch of Medicxi III

This brings the total amount raised by Medicxi in the last three years to over $1 billion.

AML Expenses Eat Into Nordic Lenders’ Profits

“I am not in a position, and I don’t think any other CEO of any bank would be in a position, to say that everything looks dandy today,” said Anders Karlsson, acting president and CEO of Swedbank

UK's financial watchdog fines Standard Life Assurance £30.8 million

SLAL did not dispute the FCA’s findings.

Trusts to be kept out of UK's new beneficial ownership register

The risk of criminals exploiting UK trusts to launder money is assessed to be low

Migrating to Guernsey - a jurisdiction of quality and substance

Guernsey has always operated with the infrastructure necessary to support substance.

Impact of ECJ ‘Danish cases’ on tax treatment of holding companies

The recently announced amendments will place extra responsibility on the directors of the Dutch entity.

Fund managers win one-year delay on collateral rules

'Numerous' companies that are behind on preparations for the new requirements now have extra time to get ready

UK government rejects call to put trusts in explicit scope of property ownership register

It claims that the draft Bill already captures circumstances in which an overseas entity is being used by a trust to hold land in the UK, in that the trustees of a trust, if exercising significant influence or control over the overseas entity, must provid

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