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

Second ex-Continental Wealth client ruling goes against STM

It’s not known how many more decisions are pending

Embodied Carbon: The next green focus for policymakers

The finished structure embodies this carbon: it is a memorial to carbon released.

UBS Faces Tough Decision After Ruling

UBS has a few days to decide whether it will accept the ruling or take the case to a high-instance court.

UK Financial Conduct Authority publishes the Swift Review into the Supervisory Intervention on interest rate hedging products

The FCA will ensure that any significant decisions on redress made in the future will be transparent, with appropriate governance, and supporting evidence will be properly recorded.

Ireland Update: Clarity and Change for Whistleblowing

The employer also denied that the employee’s dismissal was due to the communication.

Belgium and France sign new tax treaty

There are several changes in the new treaty, in particular regarding the taxation of capital gains on the sale of shares of companies with assets consisting primarily of real estate.

AIFMD 2.0: European Commission Publishes Legislative Proposals

The Proposals also contain similar changes to the UCITS Directive to align delegation, liquidity risk management and regulatory reporting more closely

French court set to rule on record UBS fine

The Paris appeals court is set to rule on whether to confirm or adjust the penalty against Switzerland's largest lender, which was imposed after an initial trial in 2019.

Sustaining impact: ESG considerations for Guernsey trustees and family offices

ESG, which is often used interchangeably with the term “sustainable investing” is increasingly tied up to a company’s long-term financial performance and success.

Clients raise concerns over Quilter International still taking fees from a mis-sold fund

These investments have been frozen since 2008 and are now administered by JTC Fund Solutions (Guernsey) Ltd.

UBS can get reduced buses in France

The UBS share reacted at times with a price increase of 3 percent on the stock exchange.

Transforming data collection communication to firms – 8 December 2021

Communication to firms to provide an update on the progress of the joint transformation programme, which is being led by the Bank of England, FCA and industry to transformation data collection from the UK financial sector.

Platform Work Directive finally places the workers at the centre of concern

CECOP’s reaction to European Commission’s proposal for a Directive on improving working conditions in platform work.

Financial Regulation: Daily Update

The PRA and FCA expect firms to carry out systemic reviews of their equity finance businesses and the risk management practices and controls deployed in those businesses benchmarked against the finding set out in the annex.

EBA Report On The Application Of The Guidelines On The Remuneration Of Sales Staff

To that end, the EBA conducted a survey amongst a sample of 70 financial institutions from 12 Member States.

Joint letter to banks operating in the UK

Our observations include weaknesses in the holistic management of risk across business units

New transfer rules for combatting pension scams

The new requirements (and everything in this article) only apply to statutory transfers.

Carey Olsen supports Caribbean Investment Holdings

The Carey Olsen team advising CIHL on all Bermuda related legal and regulatory aspects associated with the transaction comprised corporate partner Steven Rees Davies and associate Keivon Simons.

HSF: Financial Regulatory: Daily Update

The FCA will oversee the implementation of the recommendations and will publish a final update in its 2022 annual report.

JPMorgan Ordered to Give $600,000 Job to Trader It Fired

Judge Stephen Knight on Thursday refused to order the bank to reinstate Jones into the same role he’d been dismissed from in London

Legal, Regulation & Compliance