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

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.

Capital market regulation: Can the UK’s bold gamble steer it to success?

Proponents of the latest changes say easing the hurdles for companies – even in ways investors dislike – will pay off, writes Morningstar’s Lindsey Stewart

FCA fines FXTB for unfair customer treatment practices

FXTB pressured customers to put their money at risk through CFD trading, even encouraging them to borrow money from friends or family in some cases.

FCA fines and bans Martin Sarl for dishonest and reckless conduct

That was not allowed under the FCA’s Client Money rules, and these funds should have been kept separate.

FCA fines Cypriot contract for differences firm over unauthorised advice

The regulator previously took action in 2020 to stop four Cypriot investment firms from continuing to offer high risk CFDs to UK investors

Finma on stablecoins: “Same business, same risks, same rules”

Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.

CII wants to be first at the table in policy-making talks

According to Hill, memberships of professional bodies need to see the CII round the table, not just when the FCA consults on something

FCA scrutinises DFM feedback amid SDR extension rumours

The FCA has promised to set out next steps ‘shortly’ on talk that wealth managers will be given an extension to the December deadline.

Anti-greenwashing: UK firms gearing up for new FCA rules and guidance

Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear

European Banking Authority Refines Market Risk Rules

These changes stem from the need to align the existing RTS, which were developed under CRR2, with the new provisions introduced in CRR3.

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