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

PSR and FCA launch joint call for information on big tech and digital wallets

The use of digital wallets has grown rapidly over the last few years, and it’s likely that more than half of UK adults now use one.

EQS Whistleblowing Survey 2024: European legislation drives digital whistleblower protection

Companies predominantly rely on digital channels to receive reports of unethical or illegal behavior at a central reporting point: 81% have introduced a software system for whistleblowers.

German team advises banking syndicate on issue of Deutsche Bank's inaugural social bond with an aggregate principal amount of EUR 500 million

The issue proceeds from social bonds can be used to finance infrastructure projects or the creation and preservation of jobs, for example.

‘Britain is back’: Keir Starmer promises UK will be at the heart of Europe

Prime minister wants to foster a new spirit of cooperation and partnership to confront the crises facing the continent

EU takes Elon Musk's X to court over blue checks and ads

European regulators say when Musk relaunched the blue check “verification” system after he purchased Twitter in late 2022

Prudential Regulation Authority (PRA) statement on the design of the dynamic general insurance stress test (DyGIST) 2025

This statement provides further information on the dynamic general insurance stress test that the PRA intends to run in 2025.

Expected implications for UK non-domiciles

As part of these changes, it was previously proposed to reform some of the rules which apply to offshore trusts settled by UK Non-Domiciled residents as follows.

Court sets dates for ‘finfluencer’ trials

These dates were the earliest the Court could accommodate this case

José Manuel Campa interview with Világgazdaság: Regulators need to watch big digital platforms, European Banking Authority head says

Hungary as president of the European Union in the second of half of 2024 could play a key role in setting trends – José Manuel Campa said in the interview.

GFSC fines trust company £266,000

The Guernsey Financial Services Commission said the failings were serious and spanned a significant period.

Germany Threatens Fintech Solaris With Fines Over Slow Fixes

While the regulator relaxed measures this year for some of the firms, it has warned that the pressure won’t let up for those that don’t improve controls.

FCA overhauls listing rules to boost growth and innovation on UK stock markets

The overhaul of listing rules better aligns the UK’s regime with international market standards.

BNP Paribas and Mistral AI sign a partnership agreement covering all Mistral AI models

This first engagement produced strong results and, as a consequence, BNP Paribas extended the collaboration to the wider Group starting February 2024.

FCA listing reforms admirable, but more to London's woes than the rules

The main reason for the gloomy clouds over the City is the makeup of the main indices.

Britain fast-tracks biggest company listings shake-up in decades

The regime, which aims to attract a wider range of listings by reducing red tape, is backed by the country's new Labour government as it focuses on reviving growth and investment.

Quilter warns of possible 'remedial costs' as regulators probe wealth customer service

Last month, the Financial Conduct Authority requested data regarding ongoing servicing from 20 UK wealth management firms

A multi-tool for cross-border payments: the power of Legal Entity Identifiers − speech by Victoria Cleland

Given at the FSB-GLEIF-ROC Global LEI conference

European Banking Authority to Consider Reporting Requirements for Nonanks

In 2022, these lenders provided an estimated $333 billion in loans — up 60% from 2021’s total, the report said, citing data from the Alternative Credit Council.

CSDR Refit: ESMA consults on rules to recalibrate and further clarify the framework

All the policy mandates under consultation today will contribute towards the effective recalibration of the CSDR regime.

FCA cautions adviser firms over challenges of overseeing overseas representatives

Advisers should consider terminating agreement with overseas appointed reps if they ‘cannot adequately monitor’ their activities

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