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

The Transition Period for ESMA’s Guidelines on Funds’ Names Has Commenced

Any new funds created on or after the Application Date are expected to apply these Guidelines from launch.

Dentons advises lenders on financing for KKCG following its acquisition of Avenga

The financing will be used by KKCG’s Technology pillar to refinance existing loans used for the recent acquisition of Avenga

Deutsche Bank reaches settlements with a large share of the plaintiffs in Postbank takeover litigation matter

Among the plaintiffs who agreed to a settlement is also the largest individual plaintiff in these proceedings, representing about one third of all claims.

Sharp slowdown in wage growth boosts ECB rate cut hopes

Olympic boost can’t cover up the ongoing crisis in eurozone manufacturing.

Asset Managers Split on Potential Impact of New FCA Rules on Investment Research

The survey aimed to gauge asset managers’ reaction to the final rules and to see whether the FCA’s changes to their initial proposals will change the industry response.

Greater focus on pay equity and transparency under new Labour government

The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.

FCA warns insurers over fair value and good customer outcomes

The Duty requires firms, including insurers, to ensure consumers are at the heart of their business and must act to deliver good outcomes for them.

Greater focus on pay equity and transparency under new Labour government

The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.

Charles Russell Speechlys advises Hudl UK, Limited on its acquisition of StatsBomb Services Limited

Hudl is a global leader in cloud-based solutions for video and data integration in the sports industry.

FCA calls on insurers to ensure they demonstrate fair value and good customer outcomes

The regulator has also published its latest Value Measures Data (January – December 2023).

Linklaters advises Carlyle on its majority acquisition of Seidor

The remaining 40% of Seidor will stay with the founding shareholders and executives.

Norton Rose Fulbright advises BNP Paribas Bank Polska and other lender on extension of Argon office loan

Its timeless and elegant appearance is made possible by its unique form, modern elevation and its “lighthouse” base devoid of glazing bars and impressively-lit at night.

Unique regulatory challenges presented by overseas appointed representatives

One of the top level challenges for principal firms is the differences in culture and language

FCA fines auditor for failing to flag fraud suspicions

This is the first time the FCA has fined an audit firm.

Deutsche Bank's Postbank settlement rejected by plaintiffs - Reuters

Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.

Meier + Partner Vermögensverwaltung AG : BaFin orders cessation of unauthorised investment brokerage and advice

The company recommends that customers buy certain shares. It also offers to inform its customers about advantageous opportunities to sell these shares in the future.

UniCredit doubts ECB’s right to restrict its business in Russia

This argument is given in the recently disclosed case materials on the website of the Court of Justice of the European Union.

ECB harmonises rules for Eurosystem collateral management

Harmonisation marks step towards European capital markets union

FCA censures auditor for failings in client asset reports

Client asset protection is a key part of maintaining market confidence, financial stability and consumer protection.

PwC fined £15 million for failing to alert the FCA to suspected fraudulent activity at London Capital & Finance plc

This is the first time the FCA has fined an audit firm.

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