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

FSA cancels Kent-based IFA over RMAR non-submission

Move follows the cancellation of permissions of a number of advisers over failure to pay regulatory fees.

British win more favourable tax deal terms

Switzerland has decided to give in to demands by Britain to modify a planned bilateral tax treaty, after continued opposition to the accord.

Rogue trader Kerviel accuses SocGen of deceit

"We filed a complaint against Societe Generale today for obtaining a verdict under false pretences," David Koubbi, Kerviel's lawyer, told Europe 1 radio on Friday.

SEC Charges British Twin Brothers Touting "Stock Picking Robot" in Internet Pump-and-Dump Scheme

The Securities and Exchange Commission today charged twin brothers from the U.K. with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme in which they touted a fake “stock picking robot” that purportedly i

UK regulator loses UBS supervision test case ‎

The Financial Services Authority (FSA) has lost a test case involving UBS in which it tried for the first time to punish a senior manager for inadequate supervision rather than for errors he personally committed.

Leading Irish law firm opens in the Cayman Islands

An Irish law firm has opened an office in the Cayman Islands.

Italy rules out wealth tax, other new taxes

The government "does not have plans" for a wealth tax or other fiscal measures, Grilli said during testimony before the Chamber of Deputies parliamentary budget committee.

City regulator fines former BoS banker

Peter Cummings, the man behind Bank of Scotland’s failed corporate bank, has been handed a “warning notice” and punitive fine by the Financial Services Authority.

Income tax cap – update and frequently asked questions by Withers Worldwide

Those following the state of UK giving could be forgiven for having allowed themselves to feel cautiously optimistic during the past two years.

New cookie regulations could mean big changes

New EU regulations mean we will soon all need to consent to being tracked on the web - Matt Warman says the potential effects on consumers and websites could be far-reaching.

New UK Non-Dom Scheme Welcomed

The legislation, which came into effect on April 6, has been given a cautious welcome by law firm Boodle Hatfield.

Liechtenstein, Austria Eye Withholding Tax Deal

Based on the model of the bilateral agreement recently signed with Switzerland, it is said that the planned new deal with Vaduz would also encompass undeclared investments held in Liechtenstein foundations.

Lawrence Graham welcomes four lawyers to partnership

All four of the new partners are based in the firm’s London headquarters, although the firm promoted Monaco corporate lawyer Nathalie Tanzi to its partnership in February.

Ex-UBS Trader Adoboli Wants Disciplinary Hearing Data, Laptop

Defense attorney Charles Sherrard said he wants to know "the nature of any interviews" from disciplinary hearing with Adoboli's co-workers on the Swiss bank's Delta One trading desk.

Hedge fund chief faces FSA fine

In the case of two companies, the purchases accounted for more than 80 per cent of that day’s total volume in those shares.

FSA reveals large increase in 'cloned firm' reports

Cloned firms appear to be genuine authorised firms or individuals when in fact they are a separate company with no affiliation to the firm they are cloning.

Fewer investors fall for 'boiler room’ share scams

But the number of people who actually invested with a share fraudster after being contacted by them dropped by 7pc, from 831 in 2010 to 770 in 2011.

Ex-Cantor Traders Fighting FSA’s Market-Manipulation Fine

They were trading on the instructions of Stefan Chaligne, an equity-fund investment manager.

UBS Unit Will Cooperate With French Tax-Evasion Investigation

Paris prosecutors opened a formal investigation April 12, after conducting a preliminary inquiry with the customs service into a complaint by France’s Prudential Control Authority in February 2011 over the bank’s practices in France.

CPSS-IOSCO issue new standards for financial market infrastructures

CPSS and IOSCO members will strive to adopt the new standards by the end of 2012. Financial market infrastructures (FMIs) are expected to observe the standards as soon as possible.

Legal, Regulation & Compliance