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

The ex factor: meet London's A-list female divorce lawyers

When the global elite decide to split, they come to London, where they call on the services of our premier-league female divorce lawyers.

FINRA fines Barclays $1.3 million for order reporting violations

FINRA rules require firms to transmit to OATS complete and accurate data relating to events in the lifecycle of an order, called Reportable Order Events. FINRA found 15 system issues at Barclays Capital that gave rise to OATS reporting violations.

Prepare for the day of the MiFIDs

Its underlying thesis is that all parties must not only comply with their own obligations, but must also be aware of what is happening up and down the chain, and receive and pass on more information and data.

FCA to overhaul bad pension transfer advice redress

The Financial Conduct Authority (FCA) has today announced that it intends to consult in autumn 2016 to update the methodology used to calculate the levels of redress due in cases of unsuitable advice on transfers from defined benefit (DB) occupational pen

Investment advisers’ and authorised firms’ responsibilities when accepting business from unauthorised introducers or lead generators

This alert highlights some of the risks arising from authorised firms accepting business from unauthorised introducers/lead generators and/or other authorised firms (the ‘introducer’).

Market Abuse Update - Herbert Smith Freehills

The Market Abuse Regulation (MAR) and the Criminal Sanctions (Market Abuse) Directive (CSMAD) came into application in Europe on 3 July. MAR applies in the UK. CSMAD does not, although it will have a considerable indirect impact.

In-house: Hogan Lovells, Clifford Chance and Linklaters pick up spots on new EU banking panel

The SRB was established at the start of 2016 with the role of winding up failed Eurozone banks as the key decision making body within the EU's Single Resolution Mechanism.

The AIFMD Passport Extension to Non-EU Managers

These Australian relief provisions currently exempt UK and German managers from the requirement to hold an Australian licence to market funds to Australian investors in certain circumstances.

Trading firm Fidessa backs EU market rules to come in regardless of vote

The directive is designed to police everything from trading venues to commission payments in a bid to protect investors.

North East fraud activity increases by a ‘worrying’ 12%

This correlates with the national picture, which sees professional criminal perpetrators increasing the amount of cash they acquire by unlawful means.

Ogier advise HNA on £131m Canary Wharf acquisition

The acquisition is the second at Canary Wharf by HNA, which purchased the ten-storey building at 30 South Colonnade – the home of Thomson Reuters – last year.

ESMA's further advice indicates delay on the extension of AIFMD passport to Third Countries

Two of Ogier’s other non-EU jurisdictions, Guernsey and Jersey, were included in the five jurisdictions given an unqualified ESMA assessment.

International law firm Continues Global Private Equity Real Estate Growth

She has also counseled pharmaceutical and international mining clients, among others, in various real estate matters.

MEPs plan revolt against retail investment rules

Rare show of defiance against ‘unclear’ consumer protection plan

The contagion of bank stress could push us into another global financial crisis

Banks are networked both domestically and internationally through inter-bank borrowing and lending and derivative transactions. Problems at one bank can quickly spread, infecting other firms and the financial system

Deutsche Bank scrapes through European banks stress test

The test covered 70 per cent of EU banking assets and mimicked a three-year financial and economic shock

Litigation backer believes Brexit bodes business boon

The predicted boon comes as other sectors are expected to be negatively impacted by the Brexit.

UK and China regulators discuss framework for financial projects

Britain, home to the EU's biggest finance sector, has been pushing in recent years to deepen its financial services ties with China, which has agreed to these and other cross-border financial services schemes as part of the UK-China Economic and Fina

France-Kenya Ties Growing

At a time when barbarity is blindly striking our countries, France stands alongside Kenya, just as Kenya stands alongside France.

BoE reassures EU banks on post-Brexit restructuring

Regulators will not force banks to set up costly UK subsidiaries, says senior executive

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