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

UK financial watchdog’s fines increase tenfold

FCA’s fines for year stand at £229.4m compared with £22.2m levied in 2016

HSBC to Be Released From U.S. Deferred Prosecution Agreement

Controversial deal allowed the bank avoid criminal charges in 2012

Banks breathe a little sigh of relief as Basel III is completed

It was perhaps the most contentious piece of the Basel III framework, and disagreements over what the output-floor level should be caused a year-long delay to its finalization.

MiFID II and GDPR cause advisers biggest headaches in 2017

'Advisers are waking up'

Plan to crack down on £90bn City money laundering

New economic crime centre part of revamped anti-corruption strategy

Carey Olsen advises Inflexion on investment

Their advice included structuring and establishing the acquisition entities and assisting with the negotiation and implementation of the deal documentation.

Herbert Smith Freehills - Financial regulation update

MiFID II: ESMA TTCs for equity and bond instruments

Qatari-French ties marked by continuous co-operation

This is the second meeting after the Qatari-French summit held at the Elysee Palace during the Emir’s visit to Paris in mid-September.

Decade in the making: post-crisis banking rules finally signed

“The focus of the reforms was to reduce regulatory uncertainty,” European Central Bank President Mario Draghi, the chairman of Basel’s oversight body, said.

Corlytics to join next round of FCA sandbox

The sandbox provides a safe space for firms to test innovative products, services or business models in a live user environment.

Leaked documents show UK will stay in single market

The UK could also retain membership of the customs union, which would restrict the UK’s ability to sign new trade deals.

Further success in reducing pension funds’ costs and charges

Some providers set out reasons why they believe certain of their products offer value for money

Is This the Silver Bullet for Italy's Bad Loan Problem?

European authorities want banks to reduce their levels of bad credit to free up funds to lend to healthy companies and support growth

CBL wins $100-million French court battle

The case relates to Kharafi’s claim for almost $1 billion in compensation for a $130-million tourist resort project in the Tajoura area of Tripoli, agreed in 2006 but apparently cancelled after the revolution.

Leading international law firm Extends Irish Legal Offering to London

The new offering will continue the law firm's drive to provide a full service solution across all its practice areas

Using artificial intelligence to keep criminal funds out of the financial system

Speech by Rob Gruppetta, Head of the Financial Crime Department at the FCA, delivered to the FinTech Innovation in AML and Digital ID regional event, London.

Finance and secured lending in Luxembourg

Luxembourg’s flexible and lender-friendly treatment of security interests continues to be very attractive to international banks.

British Judge Tosses Out Russian Claim Against Fund Manager Browder

Cites lack of disclosure about political background to case.

Offshore advisers fear new regulatory burden from HMRC

Offshore advisers have given a cautious thumbs-up to additional requirements to tell HM Revenue & Customs when they set up complex offshore schemes but have expressed concern that legitimate schemes could be targeted as well as abusive ones.

Scottish Secretary to challenge RBS chief over ‘withdrawal from half of Scotland’

The Scottish Secretary is to challenge RBS chiefs over its “withdrawal from half of Scotland”.

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