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

ECB exec savages banks over climate risk inertia

More than half have no approach for assessing the impact of climate risks.

EU clears way for the EU Digital COVID Certificate

The EU Digital COVID Certificate Regulation was agreed between our institutions in the record time of 62 days.

Commission and industry invest €22 billion in new European Partnerships to deliver solutions to major societal challenges

The total commitments, including those from private partners and from Member States, amount to around €22 billion.

Proposal for power to block UK listings on national security grounds

The publication of the consultation follows concerns about the possible links between a listing and national security.

FCA: Business interruption insurance test case – Insurer claims data

Find the latest data we have collected (as of 5 June 2021) from all affected insurers on the progress of their non-damage business interruption (BI) insurance claims.

Home Affairs launch the new Economic & Financial Crime Bureau

The EFCB will use the full range of investigative tools and legal remedies available

Regulatory, ESG and Crypto Legal Check-List for Family Offices Post Pandemic

Once the family office is clear on this, these commitments can be built into legal documents as necessary.

EU warns Luxembourg with daily penalty threat over AML rules

The rules that the Commission claims Luxembourg has failed to implement were "a crucial tool to break criminals' business models and combat organised crime.

Value veteran gives up fund management and slams distorted markets

Tom Stubbe Olsen lists short-termism of markets and proliferation of social media trading platforms as some of the main reasons behind the move.

Spain passes the Digital Services Tax regulations and tax return

The DST Regulations develops (i) the DST location rules for the users’ devises and (ii) the formal obligations.

FCA warns tech giants it will 'take action' over scam ads

FCA head of enforcement Mark Steward told the committee the regulator has had “good engagement” with all the social media companies and has made it very clear that it expects them to be taking action to reduce the number of scams that are foun

TISE welcomes first Irish Member

The TISE proposition has a number of important differentiators from the other exchanges we work with. We are sure it will be a very attractive listing venue for our clients.

International advice group opens second Cyprus office

Operation ‘will deepen our ability to operate and expand across the European region’

Clarifications regarding the application of MiFiD to Luxembourg IFMs

This CSSF FAQ aims at clarifying under what circumstances and to what extent MiFID applies to IFMs

Conman and crypto millionaire jailed for 37 years for fraud and money laundering

The man, who has been sentenced to 37 years in jail, made a habit of flaunting his wealth on social media, including his numerous travels and cosmetic surgeries.

Italian heiress has five weeks to pay £1.83m in family trust row

She has so far paid five instalments totalling £166,666.65 and must now pay the balance by July 15 or face the threat of jail.

EU takes Luxembourg to court over money laundering rules

European Commission started infringement procedure against Luxembourg in 2016 over late adoption of EU rules

ILS funds need to consider their ESG standards

ILS fund managers from outside the EU who market their funds to investors within the EU will also need to be mindful of the SFDR's disclosure requirements.

Bank for International Settlements and Bank of England launch Innovation Hub London Centre

The London centre will help advance Innovation Hub's work on priority themes.

An attempt to ReAssure advisers: Company to stop denying transaction history requests

Solution 'going live this week'

Legal, Regulation & Compliance