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

The claws are out on bankers’ bonuses

UK regulators have put forward what they say are the world’s toughest rules on bankers’ pay.

EU executive wants to beef up bloc's financial watchdogs

The European Union's trio of new financial watchdogs should have more powers over banks, insurers and markets to ensure national regulators apply EU rules

Prosecutor set to decide on indictments in Deutsche Bank probe

Prosecutors are investigating whether co-Chief Executive Juergen Fitschen, his predecessors Josef Ackermann and Rolf Breuer, and others gave misleading evidence in the civil suit brought by heirs of late media magnate Leo Kirch, which ended in February af

‘Shameless’ HSBC shuts Syrian refugees’ bank accounts in Britain

The letters claimed that the decision to terminate their accounts was based on the bank’s “own assessment of risk” and did not reflect the manner in which they conducted their business.

FCA fines Stonebridge insurance firm 8.3 million pounds

The Financial Conduct Authority (FCA) has fined Stonebridge International Insurance Limited (Stonebridge) £8,373,600 in relation to sales of accident insurance products.

European Commission Mulls Future of Insurance Industry Antitrust Exemption by Sidley Austin

Non-renewal of the Block Exemption Regulation – which seems a real possibility – would remove the safe harbor and force insurers and reinsurers to conduct individualized assessments of the types of cooperation at issue.

Bank Capital Race Not Enough for Basel as Nordics Break Away

Capital isn’t the answer to everything

Eversheds comment: UK PAC report concludes whistleblowers are not receiving adequate protection

The Report concludes that, in very many cases, employees do not know to whom they should report wrongdoing or malpractice in the workplace or, if they do so, that they are likely to face bullying and victimisation.

Russia Drafts A Bill To Ban Bitcoin

The legality of bitcoin has been discussed frequently in Russia since the beginning of this year.

FCA sets out its approach to financial promotions in social media

The FCA sees positive benefits from using social media but there has to be an element of compliance

Leipzig entangled in web of financial products

The protagonist in this story is the town of Leipzig in the eastern German state of Saxony. Wanting to make a fast buck, town officials offered the publicly-owned waterworks in a deal with an American investor.

Parabis finance director joins Kennedys

With Fiona joining us, three of our seven business services management team are women.

ESMA releases responses to MiFIDII/MiFIR Consultation and Discussion papers

The European Securities and Markets Authority (ESMA) has made public the responses it received to its Consultation and Discussion Papers on MiFID II/MiFIR.

FCA restricts distribution of CoCos to retail investors

In the first use of new consumer protection powers, the Financial Conduct Authority (FCA) will restrict firms from distributing contingent convertible securities (CoCos) to the mass retail market from 1 October 2014.

Hungary c.bank fines 58 local credit institutions for unlawful services fee hikes

The central bank conducted an investigation to determine whether banks were acting in compliance with consumer protection regulations

Ogier Legal advises on the launch of the €800 million Mid Europa Fund IV

Mid Europa Fund IV is a Guernsey authorised closed-ended investment scheme established primarily to make controlling investments in market leading companies in Central and Eastern Europe and Turkey (the Region).

Sidley Austin triumphs for Investec in banker bonus High Court battle

The former bankers argued that they had an unwritten agreement with the bank that their bonuses would be calculated based on an “economic value added” formula, rather than the profit and loss accounts of their desk.

Bonus bashing rule could put off top banking talent

The new rules on remuneration have been imposed due to concerns over excessive risk taking and bankers’ role in the financial crash of 2008.

10 Most frequently asked questions by Dalila Ver Elst, Senior Compliance Officer, Maitland

FATCA is US law, but what does “UK FATCA” mean?

IMA hits out at European body over dealing commission conflict

The Financial Conduct Authority has cracked down on fund managers charging clients for corporate access and revealed last month that only two of the firms it

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