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

Tools for measuring culture: quality, quantity - or both?

A series of recent publications on the topic provide interesting food for thought on how to tackle those challenges

Milbank Advises Park Square Capital, SMBC and HayFin

The Milbank team, that advised the lenders on the financial aspects of the transaction

Disclosure of Beneficial Ownership in 2021 – Italy Perspectives – Alert 4 of the Series

Transposal of EU Beneficial Ownership Regulation into Italian law

Prepare for the new UK prudential regime

he changes include potentially holding increased regulatory capital (at individual and parent level); additional liquid assets, enhanced regulatory reporting and robust governance frameworks on financial resilience.

Fines for money laundering breaches total around $930m globally, drop 40% in second pandemic year

It comes despite widespread predictions of an uptick in financial crime during the Covid crisis

Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai

Raffaele Imperiale, suspected of buying Van Gogh paintings on black market, considered one of Italy’s most dangerous fugitives

Isle of Man issues AML guidance tailored for tax advisors and accountants

The new guidance covers the unique money laundering and financing of terrorism risks faced by the sectors and provides further guidance in respect of approaches to customer due diligence.

Revolut Taps BearingPoint RegTech To Meet Regulatory Reporting for Its UK Bank

In total, three additional modules; UK Statistical Reporting Module, EBA Solo Reporting Modules, and EBA Consolidated Modules are now being added to the solution to meet the requirements imposed by UK regulators with regards to Prudential Regulation Autho

Law firm Irwin Mitchell reaches 'landmark' £1bn assets under management

Irwin Mitchell’s wealth management team has reached £1bn of assets under management (AUM) this week, the company has announced today.

Ogier launches ESG Align – a new compliance tool to get fund managers climate ready

ESG Align is designed to elevate managers' understanding of climate-related risk in portfolio management, and provide a useful compliance check against the new SFC requirements.

Clifford Chance advises on the first ever syndicated factoring programme in Poland

It was the first transaction on the Polish market involving a factoring consortium.

Swiss Bank Executive Arrested in Mallorca

A spokesman for Ihag confirmed that Rueegg cannot leave Spain due to a U.S. request for legal assistance, and that he had been suspended from his duties at the bank.

Monetary Policy Report - August 2021

Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.

Time Waits for no MLRO: GFSC Thematic Review on Reporting Suspicion

The two largest groups in the pool of 29 firms that took part in the thematic review comprised banks and fiduciaries, in line with the risk weightings attributed by the Bailiwick's National Risk Assessment (NRA).

Fifty shades of green: EU sustainable fund rules muddy the waters

The EU’s Sustainable Finance Disclosure Regulation (SFDR) is an attempt to deliver transparency for investors focused on environmental, social and governance (ESG) issues but fund managers say the definition of sustainability is too vague and has cr

Latham & Watkins Advises Inovalon in US$7.3 Billion Acquisition by Equity Consortium Led by Nordic Capital Including Insight Partners.

A multidisciplinary deal team is advising the provider of cloud-based platforms empowering data driven healthcare.

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