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

Italy: a new non-dom system for HNWIs

Moving to Italy could be your first step for more efficient wealth management and succession planning.

State-Owned KfW Could Need Extra Capital

Germany's financial regulator BaFin is likely to push state-owned KfW to set aside more capital due to IT problems.

Bank of China to pay fine in Italy money-laundering

The Bank of China said the plea deal was aimed at "avoiding a long trial and allowing the Milan branch to concentrate on developing its own business.

Asset manager Vanguard calls for fund fees health warning

A health warning on the impact of costs would be a clear sign of intent from the industry that it’s putting the needs of the investor first

Think-tank proposes dual funds regime for post-Brexit UK

The proposed scheme would allow less EU-focused asset managers to avoid some of the burdens of EU regulation.

MiFID II – New European Regulation To Govern Increasing Demand For Bespoke Investment Strategies

European Capital flows are expected to continue their upward trajectory despite sluggish global growth concerns and the diminishing of monetary easing polices.

Spain’s Princess Cristina Found Not Guilty In Tax Fraud Case

King’s sister acquitted, but husband Iñaki Urdangarin given six-year jail sentence on charges including fraud and tax evasion

Asset management study: 5 things OMGI told the FCA

The FCA also stated that investors are not always clear what the objectives of funds are

Herbert Smith Freehills - Financial regulation update

First application to PSR to vary agreement between PSP and IAP under FSBRA

UBS France Said to Be Charged With Harassment Amid Tax Probe

The French unit faces allegations that Forissier was forced to work under difficult conditions

Norway revises rules for dipping into sovereign wealth fund

Jensen said the government had consulted a number of external experts before opting to raise the equity investments to 70 per cent.

Guidance to Cyprus Investment Firms on communications with clients

It must be provided by authorised and qualified employees of the appropriate department.

A view from Jersey and Guernsey

As a result, the MLP should simplify local regulatory requirements for structures which choose to be AIFMD complaint.

MIFID II – product governance provisions

How will the FCA’s proposals for the implementation of the MIFID II provisions on product governance impact manufacturers and distributors?

HBoS fraud convictions

The HBoS fraud case ended on 2 February with convictions and lengthy sentences being passed on at Southwark Crown Court

EU parliament’s request for derivatives stress test is a signal that must be heeded

Europe must instead provide a unitary and coherent response to the problem.

German financial watchdog ups charm offensive to woo firms post

Companies can make use of extensive outsourcing possibilities which fulfil BaFin's supervisory requirements.

Alliance Trust Shareholder Action Group warns institutional investors risk putting company 'back at square one'

Urges shareholders to vote for proposals

European NPL deals to surge under pressure from policymakers

Sales set to nearly double this year as ECB encourages banks to resolve bad loans

Provisca brings UK standards to int’l pension transfers

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