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

IOSCO examines liquidity in corporate bond markets under stressed conditions

The report seeks to increase understanding of how stressed conditions may affect both bond and other financial markets and the financial system more broadly.

Global Financial Markets Regulatory Review - June 2019 Edition

The discussion paper outlines APRA’s proposals with respect to a number of areas including asset classification and provisioning, credit standards and credit risk management.

Deutsche Bank woes mount with US money laundering probe

The German bank, which has struggled to revive its fortunes following past misconduct, is facing further scrutiny as the FBI examines a range of potential anti-money laundering lapses following a complaint by a whistleblower.

Copernico SIM to distribute GSAM Ucits funds in Italy

This agreement will enable us to improve once again the possibilities of diversification and the efficiency of our clients portfolios."

What is Prod?

Graeme Jones, regulatory policy and technical consultant at Bankhall points out that prior to Prod, the Financial Conduct Authority already provided guidance to firms in the form of the Responsibilities of Providers and Distributors sourcebook.

How advisers are segmenting clients

With the Senior Managers and Certification Regime only months away, it is more important than ever for advisers and their businesses to recognise and understand the importance of segmentation and ensure it is done right.

Speech by Mark Carney

Enable, empower, ensure: a new finance for the new economy

The Investment Limited Partnership

The Irish Government has published a draft Bill to amend the existing Investment Limited Partnership law.

Independent reviews of Interest Rate Hedging Products and the Connaught Income Fund Series 1

The FCA has appointed Independent Reviewers for the lessons learned reviews commissioned by the FCA’s Board.

FCA fines Bank of Scotland for failing to report suspicions of fraud at HBOS Reading

The Financial Conduct Authority (FCA) has today fined Bank of Scotland (BOS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotla

FMSB issues new Statement of Good Practice on Conflicts of Interest

FMSB members and other interested parties are invited to comment on the proposed Statement of Good Practice before it is finalised by FMSB.

Adviser raises alarm after DB transfers made to unregulated Malta investments

Hodges, who has brought the cases to Money Marketing’s attention, is currently attempting to retrieve money for clients.

Legal team advises private bank on wealth manager acquisition

Deal Is Part Of Wealth Management Business’ Growth Strategy

Former Barclays boss cleared in Qatar fraud case

Mr Varley has been acquitted on both counts.

Efama welcomes TEG proposals with caveats

In a statement, the chief European fund industry body said: "We welcome that the TEG proposals on the EU taxonomy include transitioning activities which are key to ensure the success of the taxonomy and to enable a transformation towards a sustainabl

FCA first annual perimeter report

‘We will publish this report annually from now on, in order to highlight issues around the perimeter.’

Grand Theft Europe

Fraudsters are every year robbing Europe’s citizens of 50 billion euros in tax money. A Europe-wide investigation by 63 journalists from 30 countries, coordinated by CORRECTIV.

Commerzbank brings forward ECB rate-cut expectation to July

“In essence, the ECB could no longer tolerate the adverse mix of collapsing inflation break-evens and rising real yields since the meeting two weeks ago.

Wright, Johnston & Mackenzie expands

The information contained in this newsletter is for general guidance only and represents our understanding of relevant law and practice as at June 2019.

3 common legal structures for expatriate employees

The EWE structure can pose a corporate income tax risk, so careful planning is recommended.

Legal, Regulation & Compliance