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

A supervisory perspective on 2019 and beyond

When Brexit happens it will bring considerable changes for banks, markets and supervisors in more ways than one.

New compliance facility introduced for diverted profits tax

Guidance has been issued on how to use the facility

Seven awkward questions

This is entirely appropriate, but is not the same as saying we should have a weak prudential regime for smaller firms

IOSCO issues good practices to assist audit committees in supporting audit quality

The good practices report can assist audit committees in considering ways in which they may be able to promote and support audit quality.

Product governance rules high on UK regulator’s agenda

The FCA’s focus around Mifid II in 2018 was on cost and charges

ECB tightens conduct rules for policymakers and bank watchdogs

Policymakers will not be allowed to make market-sensitive remarks at closed-door events unless their speeches are published in real time or if the event is covered by the media.

Fraudster's advice firm declared in default

An investigation by the City of London Police's Fraud Squad found that between 2005 and 2017, 49-year-old David had been running a Ponzi scheme through HBFS.

ESMA Reports on Accepted Market Practices Under Mar

The report includes ESMA’s views on the application of AMPs together with recommendations to National Competent Authorities.

Protocol amending the Convention for the Elimination of Double Taxation between Cyprus and the United Kingdom

This latest amendment of the Protocol created a framework that facilitates economic cooperation, fiscal stability and transparency in the relations of the two countries.

CSDR: Preparing for a New Settlement Regimen

CSDR aims to improve the functioning and stability of financial markets in the European Union

UK financial services regulator to link top banker bonuses to IT performance

FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.”

Fieldfisher launches specialist law firm

Claire Cummings, Managing Partner at Cummings Fisher, said: "This is an exciting, innovative move as we continue to evolve to meet the fast-changing needs of legal service users.

Mourant advises Triton on buyout fund

The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.

Court of Appeal puts the record straight: A new test for rectification of trusts in Jersey

The representation was opposed by other beneficiaries of the Trust, B and C.

Financial Conduct Authority opens notifications for temporary permissions regime in case of no-deal Brexit

The Treasury is putting in place a statutory instruments' framework, which will regulate the temporary permissions regime.

Investment firm takes fund manager battle to Luxembourg court

Sicav manager looks to unravel mystery of high redemptions before Columna Fund was suspended

Cyprus: Tax treatment of non-returnable capital contributions

The Tax Department also pointed out that the deductible expenses in relation to the financing of the non-returnable capital contributions shall not be allowed.

Brexit vote: Pound and market to knee-jerk react before rebounding

The longer the Brexit process is extended, the less chance of a no deal and greater chance there is of a second referendum that will reject Brexit, or a soft Brexit.

Italy Banks Pare Losses as ECB Bad-Loan Actions Seen as Minimal

Deputy Premier Salvini slams ECB for destabilizing banks

European Banking Regulators Call for Unity in Crypto Regulations

EBA decried the lack of uniformity in crypto laws

Legal, Regulation & Compliance