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

Greensill Takes Another Bank Down

Italy's central bank has ordered the liquidation of Milan bank Aigis Banca

European Supervisory Authorities Report on the Implementation and Functioning of the Securitisation Regulation

Due Diligence: the Report recommends additional guidance specifying (i) how adequacy and proportionality could be achieved in the context of due-diligence (in particular for STS transactions); and (ii) how investors are expected to perform due-diligence a

Global merger control: Navigating stormy seas

There have been a number of developments in merger control in 2020 and Q1 2021.

Esma launches call for evidence on digital finance

Digital transformation and the application of innovative technologies in the EU financial sector bring a host of opportunities, including better financial services to a wider range of businesses and investors, possibly at a lower cost.

Financial Regulation: Daily Update

HM Treasury (HMT) has published a Joint Statement on the fourth meeting of the U.S.-UK Financial Regulatory Working Group on 20 May 2021.

UK property boom set to roll on as savings unlocked

House prices rose at the fastest annual rate in nearly 14 years in March, official data showed on Thursday, after a tax cut and a mortgage guarantee scheme for first-time buyers further stoked a sharp surge in activity

NatWest faces 'significant' damage to reputation as it becomes first bank to appear in court on criminal charges over money laundering, lawyers say

The firm is alleged to have deposited £365million – £264million in cash – in 'increasingly large' sums from November 2011 to October 2016.

European Commission recommends rejection of UK’s application to accede to 2007 Lugano Convention

The Convention covers jurisdiction, and the recognition and enforcement of judgments in civil and commercial matters, between its contracting states.

Quilter to pay out after former Caerus AR leaves client's Sipp in cash

The commercial property was owned by Mr L, his business partner and Mr L’s brother.

Norway Wealth Fund to Oppose Electing Pouyanne as Total Director

The Norwegian wealth fund holds about 2.5% of Total’s stock, making it the fourth-largest shareholder, according to data compiled by Bloomberg.

UK adopts bespoke global anti-corruption sanctions regime

Readers may remember that the UK's autonomous sanctions regime came into effect at 11 pm on 31 December 2020

Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion

In the long-term, precious metals are much more sustainable for investments than financial market assets.

FCA consults on use of new powers to support orderly wind down of critical benchmarks

The FCA has already established its policy framework for how it would exercise its new powers to require continued publication of critical benchmarks

FCA: Deadline extension for Strong Customer Authentication

We have extended our deadline for implementing Strong Customer Authentication (SCA) for e-commerce transactions to 14 March 2022.

Remuneration disclosures improving among UK companies, research finds

“Many companies are going to have to do better if they want to ensure greater investor support for their directors’ remuneration report at their next AGM,” Benns said.

European Commission fines three investment banks over bonds 'collusion'

The seven investment banks participated in a cartel through a group of traders working on their EGB desks and operating in a closed circle of trust, it added.

EU court confirms Commission's approach to tax rulings

The court has already accepted – and repeated in these judgments – that the Commission’s state aid investigations do not constitute tax harmonisation through the back door and it is legitimate for the Commission to be investigating natio

Scaling the climbing wall

Escalation and cascade in financial institutions

Compatibility test: Can I process lawfully collected personal data for a new purpose?

This is also connected to other principles of processing.

Financial Regulation: Daily Update

Mr Hall examined the causes of the March 2020 market disruption

Legal, Regulation & Compliance