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

Why City bankers don’t rat out financial crime

There is a fundamental reason why what works on Wall Street would fall flat in the City: the size of the carrot and the size of the stick

Acacia and Barrick dial up war of words as takeover deadline looms

More than two years into a bitter standoff with Tanzania over alleged tax and environmental breaches, Acacia continues to grapple with the effects of a ban on exports of unprocessed metals such as gold, a tax bill equivalent to nearly three centuries of i

Facebook's Cryptocurrency Plan Draws ECB Warning on Regulation

“It’s out of the question to allow them to develop in a regulatory void for their financial service activities, because it’s just too dangerous,” Coeure said on Sunday in Aix-en-Provence in southern France.

Irish pension money in equities reduced

According to Mercer's 2019 European Asset Allocation Survey, this trend is reflected by investors across Europe and the UK, with the average equity holding falling to 25pc this year, from 28pc in 2018.

Monaco and the USA are negotiating agreement for exchange of country-by-country reports

The country-by-country reporting scheme was established by countries in 2015 as a result of the OECD/G20 base erosion profit shifting plan.

Smurfing: How Russians laundered €4m in Belgium

The method is called "Smurfing" by money-laundering experts - using minions, like the little blue men in the popular Belgian comic book, to break up stolen funds into small parts in order to buy normal things and evade controls.

Senior Managers and Certification Regime: solo-regulated firms

This extension affects almost every solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms.

Bank trader acquitted in EURIBOR trial

The former Managing Director at Deutsche Bank was found not guilty of manipulating EURIBOR at the height of the financial crisis.

EBA report on implementation of POG guidelines

The EBA promotes a transparent, simple and fair internal market for consumer financial products and services

EIOPA establishes Expert Practioner Panel on PEPP

With the insights of the Expert Practitioner Panel, EIOPA will develop superior solutions and smart policy advice that incentivises financial innovation for the benefit of the European consumers.

Lyxor partners with New York based AM to launch market neutral equity fund

The new strategy seeks to take advantage of market inefficiencies through both traditional data such as price and volume and non-technical alternative data sets.

A changing landscape: the FCA’s strategic priorities for the pensions sector

Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy at the FCA, delivered at Pensions and Benefits UK 2019.

In Brexit Britain, battling home lenders chase risk and pensioners

In the past year, the lender has started offering more high risk loans, targeted borrowers in their 70s and 80s and launched an interest-only mortgage aimed at retirees that lasts up to 55 years — the principal is repaid when the borrower dies or mo

CMA directs Barclays to fix banned banking practices

The CMA has directed Barclays to improve its practices after the bank broke rules designed to protect small businesses.

Macroprudential policy ten years after the crisis

Keynote speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF Annual International Conference 2019 “Financial Supervision and Financial Stability Ten Years after the Crisis: Achievements and Next Steps”, Lisbon, 4 July 2019

How a German Banker’s Milan Holiday Led to Arrest, U.K. Trial

Hauschild was arrested at his hotel where he was staying with his wife.

Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework

The assessments found that the NSFR and LEX regulations in each of these jurisdictions are compliant with the Basel Committee's global standards.

Danske Whistleblower Claims Bank Sought to ‘Discredit’ Him with Probe: FT

Wilkinson is credited with being the first to disclose an estimated €200 billion in suspicious transactions processed by the unit and tied to high-risk clients in Russia and former Soviet states, according to the FT.

Mattioli Woods cuts client costs ahead of FCA review

Ian Mattioli, chief executive of Mattioli Woods, said the company had lowered its costs for clients in anticipation of regulatory intervention in the market.

Two Belfast companies acquired in major deals

Grant Thornton's UK chief executive Dave Dunckley said the group's increased focus on audit, tax and advisory services meant its wealth advisory division would be best served by a business focused solely on the financial advice market.

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