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

FCA warns of Coutts clone

Clone firm trying to convince individuals it is genuine, regulator flags

New rules on money laundering and transparency from October

From then on, companies must disclose their beneficial owners to the authorities.

New concierge service and visa scheme unveiled to help Britain’s fastest-growing firms scale and attract talent

Concierge service for business launched as part of mission to bring about the UK's first trillion-dollar firm.

Cross-currency payments between the euro area, Denmark and Sweden go live

The TIPS cross-currency service is a joint initiative of the Eurosystem, Danmarks Nationalbank and Sveriges Riksbank.

Transact launches new trust as advisers prepare for 2027 pension IHT rules

FRT allows a lump-sum gift into a discretionary trust with the option of pre-scheduled capital payments back to the donor.

FCA proposes changes to help more people access mortgages

Its proposed mortgage rule changes would give lenders more flexibility to consider individual circumstances and develop products that better meet people's needs – while maintaining strong consumer protections.

ECB puts the brakes on Revolut's product offensive

In addition, an external review of the risk, compliance, and legal functions was ordered.

The EBA launches Discussion Paper on Pillar 3 Data Hub for small banks

The Discussion Paper outlines the proposed approach for SNCIs, including the methodology for calculating Pillar 3 disclosures on behalf of the institutions.

FCA secures confiscation order against Ponzi scheme fraudster

The confiscation proceedings form part of the FCA’s ongoing work to recover funds for victims of fraudulent investment schemes.

Consumers warned about misleading car finance 'money tips' claims ads

The FCA, working with its regulatory partners, will take further action to stop consumers being duped into signing up without the right information.

FCA launches court action against Neil Woodford

The regulator is seeking an injunction to prevent Woodford and W4.0 from continuing the activities while the case proceeds.

Do not blame Basel: the Output Floor and Europe’s banking competitiveness debate

The case against doing so rests on four observations.

Brussels Delays Basel III Market-Risk Rules to Shield EU Banks from US-UK Divergence

The Commission said the change is intended to preserve a level playing field for EU banks active in international capital markets.

Simpler climate reporting rules could save firms £20m annually

The changes aim to give investors clearer insight into how climate risks – such as floods, storms and other extreme weather events – could affect investment performance, while reducing unnecessary costs to firms.

Shoosmiths advises Cohort on refinancing with global banking syndicate

Shoosmiths also coordinated overseas elements of the transaction involving Canada, Australia and Germany and worked closely with Cohort’s finance adviser, Carlo Rusche.

Open banking takes next step forward with launch of UK Payments Initiative scheme

The launch of UKPI paves the way for greater payments competition, innovation and economic growth.

Councillors in England access the Local Government Pension Scheme

The Local Government Pension Scheme is now open to councillors and mayors in England, following a consultation that was supported by actuarial analysis from GAD

Football clubs warned about questionable sponsorship deals with unauthorised financial firms

These unauthorised firms may be breaching UK financial services laws by providing financial services in the UK without authorisation. Fans using these firms risk losing all their money.

Strategic advantages of Cayman and Luxembourg parallel fund structures for fund managers

Cayman funds benefit from a light-touch but credible regulatory regime overseen by the Cayman Islands Monetary Authority (CIMA)

UK could act if Guernsey fails to improve transparency, warns anti-corruption chief

Without improvements, criminals and terrorists would “continue to launder their dirty money through the UK and the Crown Dependencies”.

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