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

European reinsurers can claim capital credit from Guernsey reinsurers

There is no reason why the benefit of that reinsurance should not be recognised under the Solvency II capital calculation.

Jurisdictions and the pre-nuptial agreement: do it right - Withers

Not least, of course, in an English agreement that it is ‘fair’ – be sure you don’t overlook any cross-jurisdictional complications.

Sharpening the Blue Pencil

The UK Supreme Court Clarifies the Law of Restrictive Covenants

Economic substance laws: the private wealth context

The following article sets out a brief overview of the new substance regime with a particular focus on its application to private wealth structures.

UK deploys first unexplained wealth order in organised crime case

Regulators looking to arrest flow of dirty money through Britain

Swedbank Slashes Dividend as Baltic Dirty-Money Probes Drag On

Aside from an overall stricter regulatory climate, Swedbank is facing “uncertainty” in relation to what it described as its “work on anti-money laundering.”

Ahead of policy meeting, ECB's Coeure says bank is ready to act if needed

“Looking ahead, the Governing Council is determined to act in case of adverse contingencies and also stands ready to adjust all of its instruments, as appropriate, to ensure that inflation continues to move towards the Governing Council’s infl

Bank of Valletta holding 158 individuals liable for lost Falcon Funds savings

Bank of Valletta has filed a judicial letter saying it will hold 158 individuals and companies responsible for any losses the bank might incur after millions are feared to be lost in the Falcon Funds pensions bust

Combating financial crime - KPMG

3 focus areas for banks to achieve more effective and efficient customer due diligence

ESMA Reports on NCAS’ use of Sanctions Under MIFID II

ESMA will continue to publish an annual report with the information on sanctions and measures imposed including criminal sanctions.

What you need to know about the mammoth EU-Mercosur trade pact

EU representatives made their motives clear in statements immediately following the negotiations.

Women in Finance Charter

They are now over 330 firms of all shapes and sizes across financial services signed up to the commitments of the Charter

UK, Dutch Authorities Bust €24 Million Cryptocurrency Theft

Six suspects allegedly used ‘typosquatting’ to target over 4,000 victims in 12 countries.

Reflecting On Reflective Loss

On 13 June 2019 the Cayman Islands Court of Appeal gave judgment in Primeo Fund (In Official Liquidation) and Bank of Bermuda (Cayman) Limited, HSBC Securities Services (Luxembourg) SA

Science and banknotes

Remarks given by Sarah John, Chief Cashier

Finance sector backs British business women

The reaction from industry and the commitment that so many leading institutions have already shown towards the Code has been fantastic and encouraging, and this is just the beginning.

M&G UK Property Fund shuts door on investors wanting cash

The fund is held by institutional investors including large pension schemes, some of which have decided to cut their exposure to property.

G7 finance ministers look to rein in tech giants at French meeting

The issue has become more vexed than ever in recent days as Paris defied U.S. President Donald Trump last week by passing a tax on big digital firms’ revenues in France despite a threat from him to launch a probe that could lead to trade tariffs.

Island Exchange Tied to Woodford Stood Up by U.K. Watchdog

The exchange previously outlined concerns to the U.K. regulator about the valuation of certain assets in Woodford’s flagship fund, days after the manager suspended investor redemptions.

Enforcing security over Guernsey real property

The saisie begins with the Principal Creditor obtaining a PVO from the Royal Court, normally at the same time as the initial summons issued against the Debtor if he/she has not responded to the letter before action.

Legal, Regulation & Compliance