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

Moving the Goalposts: U.K. and U.S. Trends in Fintech Bank Licensing

U.K. and the U.S. have made it easier to obtain a banking licence

Herbert Smith Freehills - Financial regulation update

The FCA has published a policy development update following a meeting of its board.

Words mean what they say - when they clearly should not - Withers

In recent years judges have shown much greater willingness to ensure that mistakes in Wills are corrected. The result has been to uphold testators' intentions in the face of ambiguity or even plain error.

Trustees and conflicts of interest – sidestepping the rule against self-dealing - Withers

It is a basic principle of trust law that trustees may not put themselves into a position where their personal interests conflict with their duties as trustee.

New guidance from HMRC on inheritance tax residence nil rate band - Withers

HMRC have produced guidance and 18 case studies explaining points such as the following

City watchdog admits security blunders

City regulator also revealed that it had lost confidential enforcement documents on more than one occasion

Tax cheats jailed for more than 730 years in 12 months alone, new figures reveal

HMRC took 679 fraudsters, company directors, accountants and gangsters to court

Irish Revenue Advises On Changes To Voluntary Disclosure Regime

Currently, those eligible for a qualifying disclosure face reduced penalties for the underpaid tax

Swedish regulator names closet-tracker funds

But watchdog still has no official definition of index-hugging products

Polish Lender to Appeal Against Tax Decision

Its shares were down 15% at 148.2 pence at 0813 GMT, the worst performance on London’s FTSE mid cap index.

Libor trio to face confiscation orders next month, as hearing scheduled to begin in February

Confiscation proceedings take place following a guilty verdict or plea

Banks risk missing 2019 ringfence deadline

Watchdog seeks pledge from lenders that changes will be made on time

MCCAA launches two charters on financial and banking services

These charters also safeguard consumers’ financial interests as they prohibit hidden costs and expenses.

Biggest banks each set to be hit with $200m regulatory costs

New Basel rules due to come in globally in 2019 will create need for 2,000 staff

German banks stiffen opposition to risk weightings

They passionately argue the case of internal assessments being tough enough with their principal banks set to be impacted by a proposed global standard for how banks calculate the capital they need.

Bank fraud landmark: TSB repays victim and admits giving criminal a bank account

Telegraph Money is campaigning for banks to improve their security and take quicker action when innocent customers make transfers to fraudsters' accounts.

Focus On Europe Trust Litigation In Switzerland

This raises a number of practical issues for Swiss judges and prosecutors, as they have to juggle both the rules governing the trust, and their own potentially conflicting legal and procedural concepts.

Zurich pays up over misleading IHT investment advice

A Zurich spokesman said: ‘Zurich notes the judgment delivered by the Manchester High Court. The events which formed the subject of the claim took place nearly 16 years ago, and Zurich ceased operating a network of advisers over 10 years ago. Zurich

Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK

The investigation also proved the money had been siphoned into secret accounts since 2009.

Bank of Cyprus repays €11.4bn in emergency funds

That so-called emergency liquidity assistance has now been repaid by the company in full

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