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

Carey Olsen's Russell Clark named in 2022 eprivateclient 50 Most Influential

It is the third year in a row that Russell has been named on the list, and he remains the only Guernsey-based lawyer to be included.

Financial Regulation: Daily Update

The FCA has published a new webpage on the borrowers in financial difficulty (BiFD) project.

Three ways the FCA wants to tackle high risk investments

The FCA’s draft rules also proposed restrictions on the marketing of cryptoassets, in preparation for the government bringing the promotion of these high-risk investments under the regulator's remit.

FCA to strengthen financial promotions rules to protect consumers

Under the proposed rules, the FCA would ensure firms that approve and communicate financial marketing have relevant expertise and understanding of the investments being offered

FCA contacts advisers about BSPS advice

As part of our preparation we are undertaking further analysis of advice given to members of the BSPS between 29 March 2016 and 31 March 2018.

Law Society renews partnership with Amiqus

The Law Society of Scotland has renewed its strategic partnership with Amiqus as the tech firm’s researchers develop “inheritance calculator”.

EU Sustainable Finance Regulation

Navigating the sustainable landscape with Refinitiv

Financial Services & Banking News

The FCA clarifies that firms can avoid these actions by voluntarily applying to cancel their TPR

Economic substance in the post-pandemic era: the truth of the matter.

Above all, it is important that businesses understand the evolving economic climate.

Tackling cyber fraud using both human and artificial intelligence

With this system, artificial intelligence helps combat payment fraud, for example, by making it easy for suspicious patterns of behaviour or unusual payments to be flagged to protect clients funds.

Financial Regulation: Daily Update

The FCA reminds firms that firms whose permissions have been cancelled cannot conduct regulated business in the UK and that they would be committing a criminal offence if they did so.

Business interruption insurance test case – Insurer claims data

Find the latest data we have collected (as of 7 January 2022) from all affected insurers on the progress of their non-damage business interruption (BI) insurance claims.

Financial Services & Banking News

It was also highlighted that the current MCD may not support market developments such as digitalisation of delivery and the sustainable finance agenda.

Italy has quietly become one of Big Tech’s most prolific antagonists

The sanctions vary greatly in their size but carry a similar message: National regulators will take action in their home markets.

MiFID II: FCA to review competition concerns in wholesale data markets

The feedback statement does not identify ultimate outcomes which the FCA may take should it decide to address any of the above concerns.

Carey Olsen trusts and private wealth partners recognised in Spear's 500 for 2022

Their recognition in the Spear's 500 is the latest accolade in an extremely successful past 12 months for Carey Olsen's global trusts and private wealth practice.

Daily Legal Update

FCA looks to strengthen financial promotion rules for high risk investments

Wealth firm in High Court battle after directors’ ‘gross misconduct’ dismissal

The ex-directors of Bartholomew Hawkins Limited took consolidator IWP to court over the value of their shares after they were fired for gross misconduct.

Financial Regulation: Daily Update

The recent consultation sets out the HMG’s proposals for adapting the UK regulatory framework for CCPs and CSDs. Feedback is requested by 28 February 2022.

Fraud suspect changes plea in £13.7m pension transfer case

After previously stating he was not guilty

Legal, Regulation & Compliance