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

Jeremy Hunt could refuse to pay part of UK’s £39bn Brexit bill

Hunt added, “We will know by the beginning of October if it’s going to be possible to negotiate a deal that we are going to be able to get through the House of Commons.

Time to ignite all engines, BIS says in its Annual Economic Report

In its flagship economic report, the BIS calls for a better balance between monetary policy, structural reforms, fiscal policy and macroprudential measures.

G20 summit - Merian Global Investors fund managers' commentary

Global markets have immediately reacted positively to the signs of thawing in the relationship, with emerging markets and cyclical stocks the principal beneficiaries.

Switzerland-EU partnership row facing deadline

Switzerland, last week announced a "protective" plan — set to take effect on Monday — that would bar EU exchanges from trading in certain Swiss shares.

EU ‘welcomes’ economic substance amendment

The Economic Substance Amendment Act 2019 was tabled and passed by MPs last Friday and senators followed suit yesterday.

Britain's investment funds face scrutiny as Bank of England's Carney blasts liquidity 'lie'

"These funds are built on a lie which is that you can have daily liquidity for assets that fundamentally aren't liquid," he said.

Treasury Committee would 'support' further regulation of fund buy lists

Hargreaves Lansdown's Wealth 50 under the spotlight

FCA launches review of the Credit Information Market

The Financial Conduct Authority (FCA) has today launched a market study to examine how the credit information market operates and the impact it has on consumers.

Ex-UBS executive and her friend jailed for insider trading

Fabiana Abdel-Malek and Walid Anis Choucair were each convicted over the course of the past three days of insider dealing following an eleven week trial brought by the Financial Conduct Authority (FCA) at Southwark Crown Court.

Supreme Court rules on tax residence of holding company

The regional tax court ruled in favor of the tax authorities and the taxpayer appealed the decision to the Supreme Court on various grounds

Another European fund manager runs into concerns over liquidity

H2O’s sideline in lending to smaller businesses has alarmed investors

European regulators urged to remove transaction-level reporting for ETDs under EMIR

FIA has said firms should be required to submit position reports for ETDs under EMIR, rather than transaction-level details.

Why diverse markets need diverse talent - speech by Andrew Hauser

Given at Next Step FX: Promoting Career Opportunities for Women in Foreign Exchange, London on 27 June 2019.

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Switzerland to Tighten its Anti-Money Laundering Rules

The proposed policy update follows the recommendations of the Financial Action Task Force, a global anti-money laundering watchdog.

The German Tax-Dodge Probe That’s Roiling Banks

The trades exploited an interpretation of the tax code that appeared, at the time, to let multiple people claim ownership of the same shares of stock and—crucially—the right to a refund of taxes withheld from dividends.

United States: US and French Authorities reach agreement on creditability of French CSG and CRDS taxes

US taxpayers that are subject to CSG and CRDS taxes should discuss this development with their tax advisors.

Berlin Museums appeal to U.S. Supreme Court in legal battle over Nazi-looted $276 million treasure.

The treasures resided in the cathedral in Brunswick until 1671, when the suite was acquired by the House of Guelph—a royal dynasty whose descendants include such figures as Britain’s Queen Elizabeth II.

Banks in Britain revive preparations for no-deal Brexit

Banks, insurers and asset managers had prepared for a March 31 Brexit but departure was delayed to October 31

Ireland’s Central Bank Fines JPMorgan €1.6 Million for Outsourcing Violations

The Central Bank determined that the appropriate fine was €2,286,000, which was reduced by 30% in accordance with the settlement discount scheme provided for in the Central Bank’s Administrative Sanctions Procedure.

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