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

ABN AMRO Bank Signs to Extend Partnership on the Temenos Banking Cloud

Dutch bank accelerates the pace of innovation and speed of software delivery with Continuous Deployment on the Temenos Banking Cloud

Central Bank of Ireland makes changes to controlled function roles for financial firms

All existing PCFs classified as PCF-2 will automatically be classified as PCF-2A, ‘non-executive director’, unless a firm notifies the CBI that they should be an independent non-executive director.

Financial Regulation: Daily Update

The Bank of England (BoE) has published an update on the joint BoE and FCA data collection transformation programme

Wellington Management Group: BaFin imposes administrative fine

The company may lodge an appeal against the administrative fine order.

Regulators warn P&O staff over DB pension transfers

In the meantime, the FCA pointed current and former P&O employees to impartial guidance from MoneyHelper, which is run by Maps.

Banks are tightening interest rates

The assessment of business prospects in business with corporate customers is encouraging: 86 percent rate them as good or very good.

Jersey headquartered corporate admin firm gets licence in Ireland

Highvern understands the market opportunities and appetite to establish structures in Ireland and aims to grow in line with this.

Regulators warn P&O staff against DB transfers after mass redundancies

The FCA and TPR warn that transferring out of a defined benefit pension scheme is unlikely to be in the best interests of most people,

Herbert Smith Freehills: Financial Regulation: Daily Update

The SS aims to ensure that high-quality and convergent supervision is applied to run-off undertakings and portfolios subject to the Solvency II regime

French bank BNP Paribas reported regulatory failings to National Crime Agency, whistleblowing court case details reveal

BNP said the report to the NCA was about suspicious activity of third parties rather than BNP. It said BNP did not find any evidence of suspicious activity within its own organization.

Supreme Court declines appeal in landmark Carey pensions case

A condition of the acquisition was the indemnity on any claims in the Adams v Carey case, with the benefit of significant existing PI cover held by the vendors.

FCA removes firms’ unused permissions 161 times in 2021

The FCA also revealed it now rejects one in seven applications for authorisation, up from one in 13. It said it will continue to test the limits of its powers going forward.

HSF Financial Regulation: Daily Update

The FCA explains that the review does not represent a shift in FCA policy or changes in firms' requirements.

FCA launches three-year strategy to improve outcomes

A key focus of the strategy is shutting down problem firms, which do not meet basic regulatory standards.

EBRD adopts new country strategy for Bosnia and Herzegovina

The strategy was approved days before a planned visit to the country by EBRD Vice President for Policy and Partnerships, Mark Bowman, who will be in Sarajevo on 11 and12 April to discuss its implementation with the authorities.

Herbert Smith Freehills Financial Regulation: Daily Update

It sets out the regulator's expectations for financial services over the next three years and explains how the FCA will measure its own performance.

EBA publishes final Report on the amendment of its technical standards on the exemption to strong customer authentication for account access

The amendment aims to reduce frictions for customers using such services and to mitigate the impact that the frequent application of SCA and the inconsistent application of the current exemption have on AISPs’ services.

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