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

Former MPC member claims BoE will not be able to cut interest rates in 2024 - reports

DeAnne Julius

Triple lock 'the elephant in the room' impacting saver sentiment

Follows the chancellor’s 2p cut to NI which took effect on Saturday

New NPL Law in Germany

This new law could significantly change the market for NPLs.

FOS says True Potential ‘non-advised sale’ was actually advice

National advice firm to pay compensation for unsuitable fund switch after FOS says ruling does fall within its remit.

FOS says True Potential ‘non-advised sale’ was actually advice

National advice firm to pay compensation for unsuitable fund switch after FOS says ruling does fall within its remit.

The Overseas Funds Regime

The CP does not include a date for the start of the new regime, although the FCA previously indicated it expects to start processing applications in Q2 2024.

FCA doubles cancellation of non-compliant firms

The regulator cancels over 1,200 firms and cracks down on misleading adverts

Authorised push payment fraud and mandatory reimbursement

The scheme will be implemented through the PSR giving directions to Pay.0UK, the independent operator of the Faster Payments scheme.

New Year cheer: Financial services leaders upbeat for first quarter outlook despite inflation and interest rate concerns

New research from KPMG UK reveals over eight in ten leaders of financial services businesses are confident about short-term growth prospects

Lighter regulation needed to attract ‘captive’ insurers to London

Calls by industry come ahead of promised UK government consultation on new regime

Europe’s top securities regulator warns on risks from leveraged trades

Esma’s Verena Ross says efforts to monitor and curb bets that use borrowed money need to go further

Euro zone government bond yields rise but still close to multi-month lows

Bond traders mentioned outsized moves based on thin liquidity in the last weeks of December when the Bund yield dropped below 2% before reversing sharply above that threshold.

PRA Regulatory Digest - December 2023

The PRA Regulatory Digest is for people working in the UK financial services industry and highlights key regulatory news and publications delivered for the month.

CySEC-Regulated TCR in €220 Million Money Laundering Storm

Also, local authorities are investigating TCR International's potential money laundering links.

Duty calls: Future-proofing finance for everyone

The Consumer Duty marks a major shift for both firms and consumers.

EBRD and EU to support Georgian firms via ProCredit Bank

ProCredit Bank, which has been operating in Georgia for 25 years, upholds European banking standards

LTA, advice boundary and Isas: how these 3 reforms stacked up

It was first speculated that the chancellor Jeremy Hunt might increase the LTA so it came as a shock when at the Budget he chose to abolish it altogether.

Financial Scandals Run Amok in Asia

Numerous banks have been used by the suspects in some form including UBS, Deutsche Bank, Citi, CIMB, DBS and Bank of Singapore.

Schroders supports FCA’s proposed UK listing rules

These important changes are most welcome.

FCA Identifies Clone Firms Imitating Hargreaves Lansdown and Westpac

Clone firms impersonate popular financial brands in the UK.

Legal, Regulation & Compliance