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

FINMA concludes proceedings against Swiss Fund Management AG iL and BZ Berater Zentrum AG and enforces rules of conduct in the financial services sector.

To restore compliance and protect investors, FINMA ordered various measures. It revoked the authorization for Swiss Fund Management AG, currently in liquidation, to manage funds.

Non-UK business removed from Consumer Duty scope to reduce burdens on wholesale businesses

The FCA has today also published proposals to further simplify its insurance rules, while maintaining appropriate levels of consumer protection.

EU clears €1b aid for Romanian bank, extending mandate to defence

Romania’s plan includes a €100 million contribution financed through an RRF loan.

A&O Shearman advises lead arrangers on financing for Bain Capital's acquisition of Everllence

The transaction is structured as a carve-out from Volkswagen Group, which will retain a shareholding in the company and remain a long-term partner.

CACEIS UK censured and to pay £31.7m to WealthTek clients for weak financial crime controls

The FCA has now secured over £57m in total for WealthTek clients in just over a year, with action taken against CACEIS UK, Sapia Partners and Barclays Bank UK.

PIMFA publishes new guidance to help firms prevent and address non-financial misconduct

The guide has been developed in partnership with the Chartered Insurance Institute (CII), the Chartered Institute for Securities & Investment (CISI) and law firm Clyde & Co.

Santander eyes voluntary retirement for 3,000 Spanish staff amid AI-enabled savings drive

Sources close to the discussions told Expansión that the plans are intended to give Santander breathing room as its AI deployment drives up redundancies and branch closures.

Rethinking regulation for the age of AI

Speech by Nikhil Rathi, FCA chief executive at techUK's Agents of Change: Generative and Agentic AI in Financial Services 2026.

A sea change in regulatory investigations and enforcement − speech by David Chaplin

Given at the 5th Conference on Financial Law and Regulation, University of Leeds School of Law, 24 June 2026

Central reservations − speech by Alan Taylor

Given at the Barclays-CEPR Monetary Policy Forum, London

Guernsey States asked to invest pensions under proposed £2 billion sovereign wealth fund

It is different from other strategies because it pools together different assets, such as cash, pensions, and bonds, and focusses on long-term returns.

EU plans banking reform by early 2027 to unlock billions in investment

The report, due to be presented on 15 July, lays the groundwork for broader banking sector reforms expected in 2027.

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

Charles Russell Speechlys advises Lauralu's management on its sale to Eurazeo

Lauralu is a French group specialising in the design, manufacture and marketing of demountable metal-and-fabric buildings.

Joachim Nagel: New forms of money and the transmission of monetary policy

Welcome remarks by Dr Joachim Nagel, President of the Deutsche Bundesbank, at the International Conference on Payments and Securities Settlement, hosted by the Deutsche Bundesbank and the Bank of Canada, Eltville am Rhein, 18 June 2026.

Aegon urges next PM to address triple lock reform

Pensions director Steven Cameron argued that the debate should move beyond a binary choice between keeping or scrapping the policy and focus instead on reforms that balance support for pensioners with the pressures facing public finances.

ECB publishes consolidated banking data for end-December 2025

During the same period, EU credit institutions’ aggregate non-performing loans ratio remained stable at 1.97% in December 2025

FCA consults on proposals to support strong, consistent standards in the SIPP market

The FCA is also proposing stronger requirements for the handling of pension scheme money and assets.

The EBA publishes its annual assessment of banks’ internal approaches for capital requirements calculation

For market risk, results confirm stable and relatively low dispersion across key risk metrics, reflecting improved data quality and convergence in modelling practices.

Baker McKenzie Advises Pictet on the Acquisition of Marriott Zurich Hotel

The asset comprises 266 guest rooms and enjoys an attractive riverfront location, close to Zurich’s historic city center and main train station.

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