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

FCA wins 'fraud' bond investigation complaint

The complainant had signed a contract to purchase a £5,000 bond through a company that was unregulated by the FCA.

SocGen resolves legal claim with platform tech provider FNZ

Claim from SocGen's global markets division

Balfour and Manson becomes STEP Gold employer

It demonstrates to clients that we offer the highest level of expertise in areas of law that can have a profound impact on their lives.”

TISA Conference: Economic Secretary speech

John Glen speaks about the importance of gender equality within the financial services industry.

Substance Requirements by SMP Partners

Whilst these are significant changes and will increase the level of documentation and reporting required, it is likely that most companies will either meet the substance requirements or will not be caught by the new rules.

Jersey funds choosing Carey Olsen according to new industry research

Carey Olsen now provided legal advice to 670 such funds at the end of June 2018

Advisers warned of Mifid II crackdown next year

Rory Percival, a former technical specialist at the FCA, said it would be "daft" of the regulator not to take these two issues together and combine them with a review of whether advisers are complying with product governance rules.

Guernsey’s green focus – home and away

Earlier this year Guernsey was recognised by the think-tank Z/Yen as an emerging global player in green finance.

IOSCO members found mostly compliant with Principles for Commodity Derivatives Markets

The survey provided an opportunity for IOSCO members to self-audit their current regulatory practices

Deutsche Bank Named in Danske Bank Money Laundering Scandal

The German firm allegedly helped facilitate more than half of the illicit dealings undertaken by the Danish bank

Japan and France sign fintech pact

These cooperation frameworks also include referral mechanisms for financial innovators which will therefore facilitate their entry into French or Japanese markets.

Ireland Updates Guidance On Islamic Finance-Compliant Bonds

The guidance has been updated to reflect an evolution in the structure of sukuks

SocGen to pay $1.3 billion to settle U.S. sanctions case

“The absence of an effective, global sanctions-compliance infrastructure and lack of management oversight allowed Société Générale employees to ignore the scope and applicability of laws governing economic sanctions, as w

Barclays not liable to buyers of U.S. IPO before 2008 crisis: appeals court

Barclays was accused of concealing 21.6 billion pounds (then about US$42 billion) of mortgage-backed securities and other risky assets insured by monoline insurers, and a March 2008 “directive” by the U.K. Financial Services Authority requirin

Footballer slams advisers for 'brainwashing' young players

Since the TV money got big and players of my generation started retiring, problems have become bigger.

The Bank of Canada, Bank of England and Monetary Authority of Singapore share assessment on emerging opportunities for digital transformation in cross-border payments

The report examines existing challenges and considers alternative models that could in time result in improvements in speed, cost and transparency for users.

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