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

Financial firms keep EU carbon markets moving

Despite this, ESMA finds that the market remains resilient, with no major concerns identified on transparency or market integrity.

Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 10-11 June 2026

The continued disruption to shipping in the Strait of Hormuz had reinforced expectations that oil prices would remain higher for longer, despite markedly lower near-term oil prices.

EBRD and Central Bank of Jordan strengthen compliance and financial crime risk management

The event brought together representatives of financial institutions to exchange knowledge with a view to further enhancing compliance, sanctions and financial crime risk management practices in line with international standards.

FCA cracks down on illegal promotions and market abuse in first year of new strategy

The FCA has focused its efforts on the most serious risks and harms.

Dutch central bank fines ABN Amro $12.5 million for inadequate anti-money laundering safeguards

Following the findings, ABN Amro said it had taken “additional concrete corrective measures to strengthen the effectiveness of its anti-money laundering and counter-terrorist financing procedures”.

ABN AMRO hit with €8.5m DNB fine over AML failures

The lender has confirmed it will not contest the decision and has accepted the fine.

FINMA guidance on quantum computing

FINMA considers that action is needed in the risk management process of numerous institutions in order to continue to meet the requirements regarding operational risks and resilience.

FCA charges individual with insider dealing

The FCA is not investigating the law firm or Seraphine Group PLC in this case.

Top banking watchdogs issue stark warning over AI-driven cyber attacks

IT weaknesses could be exploited by frontier models in a ‘matter of minutes’, say ECB and ESRB

Governing Council statement on macroprudential policies

In particular, an escalation or prolongation of the war in the Middle East could further disrupt global energy and commodity markets, with adverse repercussions on the outlook for inflation and growth.

The ESAs support ESRB warning on systemic cyber risks from frontier AI models

Recent advances have significantly enhanced the ability of frontier AI models to identify and exploit high-severity vulnerabilities in IT systems within very short timeframes.

The EBA publishes final Guidelines on the authorisation of third-country branches under the Capital Requirements Directive

The Guidelines set out the information to be provided, the assessment criteria, and the templates and forms for applications for the authorisation of TCBs, as well as the applicable process.

Gibraltar shuts the door on millionaires worth less than £5m

The Rock tightens elite residency rules after applications surge post-Brexit

Europe's central banks may come under political pressure, Panetta says

Germany, France and Italy are all struggling to fund higher defence spending, reviving industry and sustaining welfare systems strained by ageing societies.

Banks told to improve access to basic accounts

A mystery shopping exercise by the FCA found a third of experiences with basic bank accounts rated as poor or very poor.

FCA publishes landmark review into impact of AI on retail financial services 

The Review concludes that AI is likely to become a defining force in retail financial services, transforming how firms operate, how consumers make financial decisions and how markets function.

Pension firms must do more for customers in older pensions and fund savings

The FCA is now calling on all pension providers to consider the report and take on the good practice identified.

Financial regulator to simplify investment disclosure regime

This will also help consumers compare products more easily and invest with greater confidence, supporting a stronger investment culture.

Motor finance scheme partially suspended

The final dates depend on whether any of those involved in the case apply for further expert opinion or disclosure of information, and whether any such application is successful.

Mixed signals, research findings, and policy judgements − speech by Catherine L. Mann Given at the Natixis CIB Private Debt Forum

This remains my view, as notwithstanding a sporadic reopening of the Strait of Hormuz, infrastructure rebuilding, future-proofing, and restocking supplies imply that higher energy prices will likely persist.

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