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

Shoosmiths to open new office

We are focusing on the client experience and listening very carefully to what our clients are asking for.

Brexit myth-busting: A brief analysis for business - Withers

The lead up to the UK's referendum on EU membership was characterised by contradictory claims and resulted in widespread confusion amongst businesses.

Barclays ‘Cartel’ Trader’s Incriminating Chats Were Bravado

Recounting an April 2015 hearing, Justin Bull, the bank’s former chief operating officer, said he showed Ashton transcripts of chats that included discussions about "using inside information" to make money, a joke about his best friend&

ESMA To Recommend on Passporting of Funds Outside the EU Post Brexit

ESMA is due to make its recommendations later this month.

EBF: EU finance ministers need to get Basel back on track

These regulatory measures, commonly known as ‘Basel IV’, pose a threat to the European economy and the EU’s growth agenda.

Too Big to Jail: George Osborne helped HSBC avoid US criminal charges for money laundering

Criminal charges for HSBC would have meant the US would have to review and possibly revoke the bank's charter to do business there.

Ex-Barclays Director Faces Prison for Tipping Plumber Friend

He was responsible for putting together a weekly presentation to keep executives abreast of potential mergers involving bank clients.

Heritage in a strong position to navigate unchartered waters following Brexit

Whilst it is too early to predict how the relationship between the UK and the EU will be redefined, Guernsey’s own relationship with the UK remains unchanged.

FCA fines Towergate and former director Timothy Philip for client and insurer money failings

The FCA found that Mr Philip failed to meet the minimum regulatory standards in terms of competence and capability

Getting culture and conduct right - the role of the regulator

We are cognisant of the diversity of firms this will bring under the regime, and proportionality will play a key role as we work to ensure the SMCR works well across all sectors.

Phones4u founder set for showdown with former business partner

The former chief executive, who was paid a £300,000 bonus annually by Signia on top of her salary, claims in the same document that Mr Caudwell asked her to take a polygraph test and offered to escort her to sessions for psychiatric help.

Mifid II, Solvency II most concerning for asset managers

With a raft of existing and upcoming regulation to address, many asset managers said that they are looking for ways to minimise the reporting burden associated with both pieces of regulation, with some looking to reuse reporting and regulatory data.

Pope reins in Vatican's finance minister after scandal

It emphasises the need to pay the utmost attention to ensuring the administration of economic resources always serves these ends.

Caudwell’s legal battle with Signia founder heats up

With the case set to reach the High Court this week, Signia has now amended its case, according the Sunday Times.

Carey Olsen advises Raven Russia on dual listing

The Carey Olsen team included Partner Ben Morgan and Senior Associate John Scanlan

French Fin Min urges support for Italy's banks

But the EU in recent years has beefed up its rules to stop governments from bailing out lenders, with the aim of breaking a vicious loop between a country's finances and its banks.

No quick fix: UK may have to join AIFMD queue

London's buyout industry should not assume the UK will quickly get approval to market funds in Europe after leaving the EU.

FCA To shake Up Equity Crowdfunding? Regulator Considers Action

But the FCA may be about to step in. Going forward, the regulator has advised that it may require platforms to change the way that fundraising campaigns are displayed.

EU watchdog to probe fund payments in unit-linked schemes

Europe’s insurance regulator has launched an EU-wide review into the market conduct of insurers offering unit-linked life insurance policies.

France Can Lead the Way on Bank-Failure Loss Rules, Koenig Says

The French approach to making sure creditors share the cost of bank failures involves creating a new class of “senior non-preferred” debt designed to smooth the wind-down process by providing legal certainty that the instruments are eligible t

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