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

Lloyds freezes 8,000 offshore Jersey accounts in dirty money push

UK lender spent three years asking clients for personal information under new rules

Dentons launches Sustainable Investment practice in Europe

The group will also advise on the use of sustainable finance instruments and fund structures – such as green bonds, which make financing contingent on achieving certain environmental goals, or pay-for-success instruments, which are used to fund proj

Big tech in finance: opportunities and risks

The role of big techs in finance raises issues that go beyond traditional financial risks, according to the BIS.

Two jailed in £6.2m boiler room fraud

The fraud squad at City of London Police began an investigation into Bric Global in November 2012 after more than 10 reports made to its fraud reporting centre, Action Fraud.

Asset managers step up on cost transparency

The company has now added six to this list, bringing the total of exceptional managers to 10.

Overcoming macroprudential inertia by Martin Taylor

5th Annual Macroprudential Conference, Frankfurt

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.

Legal, Regulation & Compliance