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

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.

Trials of shared banking hubs to be extended

The government is consulting on plans to protect community banking services.

High Court sanctions scheme of arrangement despite FCA objections

The case shows that the result of a sanction hearing very much depends on the facts of each specific case.

Transmission revamp will reshape the financial world

The business of transacting is barrelling down a path of unstoppable change

Harneys advises Bradda Head Holdings Ltd on its admission to AIM

The firm’s significant track record includes advising on high profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures.

Financial Regulation: Daily Update

The EBA will continue to benchmark remuneration trends biannually, but the next report will not include UK data due to Brexit.

General insurance pricing practices - amendments

Our rules ensure that renewing home and motor insurance consumers are quoted prices that are no more than they would be quoted as a new customer through the same channel.

FCA publishes welcome guidance on ESG and sustainable funds

The FCA gives specific examples of the numerous poor applications it has received for the authorisation of ESG funds and sets out its expectation of "material improvements in future applications".

Highest EU court will decide on GDPR damages

The plaintiff was affected by a data privacy scandal at the Austrian postal service, which revealed that the postal service processed and sold information on the political affiliation of the entire Austrian population.

Hogan Lovells advises KBR on its c.$400m acquisition of Frazer-Nash Consultancy from Babcock

With expertise in areas such as systems engineering, data science, cyber, and clean energy, Frazer-Nash is highly complementary with KBR’s global priorities but has minimal overlap because of its geographic footprint.

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