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

Federal Council approves FINMA's strategic objectives and meets with its senior management

The approval of the strategic objectives and the annual meeting are two important steering tools for the Federal Council with regard to FINMA.

FCA to consult on extending the time motor finance firms have to handle commission complaints

The proposals are expected to be published within 2 weeks and, if taken forward, would mean the complaint extension is in place by mid-December 2024.

Bank of England's Mann sees inflation pressure keeping rates high

Last week the BoE revised up its inflation forecasts due to a higher minimum wage and short-term fiscal stimulus in the first budget of the new Labour government.

Bank of England to hear the views of local people in Birmingham about the cost of living

The event is designed to gather information from local people, which will complement existing data and analysis, and help inform the Bank’s policy decisions.

The EBA consults on Guidelines on proportionate retail diversification methods

The Consultation paper follows the recommendations from the EBA Advisory Committee on Proportionality for 2024 in the credit risk area The consultation runs until 12 February 2025.

WTW wins DB advisory mandates from schemes looking at run-on options

This covers DB schemes in the insurance, energy and technology sectors, including the IBM UK Pension Plan.

ALEX BRUMMER: UK retirement funds are an asset management blob

Unlike one of her illustrious predecessors Gordon Brown, the first female Chancellor will be spared wrestling with the dilemma of having to wear an elitist white tie.

Enforcement regulatory disclosure review: outcome

This relates to disclosure of evidence as part of any regulatory case.

Metro Bank fined nearly £17m for failure to monitor potential money laundering

Problems were raised by junior staff three years before they were completely resolved, says FCA

BNP Paribas signs a new agreement with UNI Global Union and strengthens its shared social framework for all employees worldwide

Technological transformations and new ways of working

EBA observes an improvement in competent authorities’ practices on the supervision of non-performing loans

The follow-up Peer Review focuses on the assessment of a sub-set of EU competent authorities chosen based on the outcomes of the initial peer review in 2022.

Director fined £1.1m and banned for misusing funds due to insurers

Mr Mackey used funds due to insurers to support Inspire’s operating costs and to pay for personal living expenses instead of paying insurers.

Welcome address at the tenth anniversary of the Single Supervisory Mechanism

The SSM became operational ten years ago, almost to the day, on 4 November 2014.

FCA secures convictions against two individuals for £1.5m fraud

The group cold-called consumers, directing them to a professional-looking website where they were offered high returns for fake investments in crypto.

Pair convicted over £1.5m crypto investment fraud

Mavanga also pleaded guilty to possession of false identification documents and perverting the course of justice.

Charting New Territory: How England’s Digital Assets Framework Can Guide Cayman Islands Law

The Supplemental Report and Bill serve as a valuable point of reference for the Cayman Islands, guiding our approach to digital property rights within an evolving financial landscape.

Bank Rate reduced to 4.75% - November 2024

The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.

Three individuals and two firms charged over alleged unauthorised business activities

Anthony and Laura Hay served as directors of the companies and Tim Stewart was the compliance manager at both companies.

Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct

The transaction is in line with Allianz Direct’s goal to expand its B2B2C operations

Former Ireland rugby player Brendan Mullin found guilty of stealing hundreds of thousands from Bank of Ireland Private Bank

The jury returned guilty verdicts in 12 of the 14 charges before the court today after hours of deliberating.

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