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

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

Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

Eligible Hong Kong funds must be authorised by the SFC and comply with the applicable laws and regulations in Hong Kong if they seek authorisation to be marketed to retail investors in Luxembourg.

UK government delays British Overseas Territories' deadline for public ownership

Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.

FCA shifts focus to Mifid product governance

All that work is a product of our supervisory work as to how effective the application of Mifid II has been

ESAs announce multilateral agreement on the exchange of information between the ECB and AML/CFT competent authorities

The Agreement will create a clear framework for exchanging information between the ECB and CAs and potentially will enhance the effectiveness of their supervisory practices.

269 funds culled from biggest Swedish fund platform

Of those 533 funds, some 512 are ones that previously were available on the platform.

Carey Olsen is top TISE listing agent

Carey Olsen partner Simon Marks said: "It has been another outstanding year for Carey Olsen Corporate Finance Limited on The International Stock Exchange.

Luxembourg and Hong Kong regulators ink mutual fund recognition agreement

MRF operates on the principles that, in respect of a Luxembourg Covered Fund that has been authorised by the CSSF and is seeking or has received authorisation for offering to the public in Hong Kong

Maitland acquires legal advisory firm

Our legal services offering in Monaco will be headed by Peter Walford, who brings to Maitland a large network of high net worth clients and intermediaries based in Monaco and elsewhere.

Credit Suisse Off the Hook in U.K.

The move takes pressure off Credit Suisse, which has found itself mired in scrutiny over the deals.

Fund manager banned from drinking at work events after 'lewd' text allegations. Silicon Valley fortune seekers coming back to Wall Street

The company seems to have agreed that this isn’t any way to behave; as a result of the text message and another unspecified incident, they cut Michel-Verdier’s bonus and banned him from drinking at company sponsored events for a year.

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