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

Herbert Smith Freehills - Financial regulation update

FCA speech on the future of competition and regulation in retail banking

GUEST ARTICLE: Do You Own UK Residential Property Through An Offshore Company?

The Annual Tax on Enveloped Dwellings (“ATED”) was introduced in 2013 and is payable where UK residential property is owned by an offshore company and not rented out to a third party.

FCA investigates four asset management firms for alleged IPO law breach

The UK financial services regulator has issued a ‘statement of objections’ to four asset management firms

Lindsell Train to boost ranks as assets swell and regulatory burdens kick in

The Lindsell Train Investment trust now holds almost 40 per cent in Lindsell Train, which Cazalet admits could be detrimental if the markets fall.

Central banks wary of cryptocurrencies as Bitcoin surges

The second question is whether to issue official versions.

Italian princess to appeal $200m trust fund ruling

Cristiana, took her family to court alleging she had bee locked in a “golden hell” by her mother

Cisi threatens legal action against fraudulent advisers

Moore said UK consumers can check if their financial planner is a CFP professional by looking at the Wayfinder list on the institute’s website.

Contracts and liabilities between controllers and-processors under gdpr

The draft guidance aims to help data controllers and data processors understand their roles.

Central Bank of Ireland hits life assurance arm of Italy’s largest bank with €1m fine

The breaches occurred in July 2010 and continued on for a further three years and eleven months, the regulator said.

Time will tell if Central Bank right not to ban broker commissions

The easiest way to deal with it would have been to abolish commissions and simply let the broker collect other fees, usually payable over the lifetime of the product.

FCA speech on regulatory priorities for retail banking, PSD2

Herbert Smith Freehills - Financial regulation update

Paris primed to host EU banking regulator

Brexit evacuee prepares for life alongside thermonuclear R&D agency

Hong Kong and UAE investors start court case over failing £200m Liverpool ‘Chinatown’ plans

As a result, investors, mainly overseas and from Asia are now set to lose millions of pounds, something that the Liverpool City Council believe is “no moral obligation” of theirs.

Regulatory priorities for retail banking - FCA

In our view, competition issues persist in retail banking.

Coutts ordered to pay out on £400k offshore investment

It follows a previous adjudicator’s findings that the investment adviser had failed to adhere to its clients’ wishes to have their capital protected, which Coutts appealed.

Inheritance tax 'in the crosshairs' for reform

nheritance tax could be targeted for reform as HM Revenue & Customs publishes research into how the exemptions are used by advisers and their clients. The research, published yesterday alongside the Budget, found most of the beneficiaries and testato

Herbert Smith Freehills - Financial regulation update

Commission speeches: EU financial sector, EMU, CMU and green finance

Paris wins battle to host European banking regulator

Amsterdam chosen as post-Brexit home for medicines agency

Accountants face fines of £10m-plus for shoddy work

The watchdog has been criticised in recent months for being too close to the firms it regulates and for not being prepared to take a tough enough line where questionable practices have been uncovered.

City watchdog fines former BAML bond trader more than £60,000

Mr Walter’s abusive trading resulted in a profit of €22,000 to his trading book.

Legal, Regulation & Compliance