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

FCA opens investigation into claims management company

The FCA is investigating what customers were told about the amount of redress they might obtain, whether they were told they could make a claim for free, and whether they were pressurised to sign up.

ESAs’ Joint Board of Appeal rules on reimbursement of costs in an appeal brought by NOVIS

Insurance Company against the European Insurance and Occupational Pensions Authority (EIOPA)

Consultation on the UK Treasury bill market

The government welcomes views from all interested parties, and in particular from current and potential participants in the T-bill market.

Picture this! Central bank visuals across five continents

And these are not just economists, bankers and financial analysts, but also the general public.

Czech Central Bank Chief Says Policy Will Need to Remain Tight

Policymakers in Prague held the benchmark rate at 3.5% for a fifth meeting in December.

FCA goes public with claims company investigation after court battle

The enforcement investigation into the claims management company (CMC) follows concerns about its advertising and sales tactics in relation to potential claims, who are then referred to law firms.

Euro Zone’s Growing Eastern Wing Wants Seat at ECB’s Top Table

Even if they lose out, three other vacancies on the six-member Executive Board are up for grabs by the end of 2027.

BoE stats reveal savers ploughed £5.1bn into ISAs in lead up to budget

Households deposited an additional £8.1bn with banks and building societies in November, up considerably from £6.7bn in October.

Supporting Weltix on Italy’s first tokenised structured note

Simmons & Simmons has advised Weltix on Italy’s first structured note recorded on a public blockchain

Private equity firms escape enforcement action after FCA’s consolidation probe

The regulator did not ask buyout shops to sign any so-called attestations or block any takeover applications, FN can reveal

Italy revises golden power rules to try to end spat with EU

The outcome could shape cross-border consolidation in Europe's fragmented banking sector.

ECB launches fast-track assessments for capital and securitisation

The faster processes will apply to standardised operations. Despite the faster process, all global standards and European regulation still apply in full.

Beware of unregulated holiday park investment schemes

They may be unregulated collective investment schemes, where several investors invest their money.

FCA stops Verus Financial Services Limited from carrying out regulated activities and tightens asset restrictions

The action follows concerns that the firm has repeatedly breached an existing asset restriction, which prevented it from selling, transferring or diminishing its assets without our approval.

The future of money: a central bank perspective

Contribution by Piero Cipollone, Member of the Executive Board of the ECB, to a roundtable at Aspen Institute Italia

Eversheds Sutherland advises VIEVE on strategic investment to accelerate brand growth

The investment will fuel VIEVE’s next phase of growth, supporting expansion into new retail opportunities and international markets, including the US, and continued innovation in product development.

The Prudential Regulation Authority (PRA) shake-up and the quest for talent across the Atlantic

The United Kingdom (U.K.) has chosen to rewrite a central part of its post-financial crisis settlement on banker pay.

ECB maintains its ‘wait and see’ position with another hold on interest rates

While a rate cut cannot be entirely ruled out if inflation continues to surprise on the upside, any movement is likely to be minimal for the foreseeable future.

Asset management update – Targeted support, Consumer Composite Investments, statement on the Consumer Duty, client categorisation, and fund liquidity risk management

Firms will need to be of the view that consumers will be in a better position if they receive targeted support than if they had not received it.

Joint EBA-ECB report on payment fraud: strong authentication remains effective but fraudsters are adapting

The report assesses payment fraud reported by the industry across the European Economic Area (EEA), which amounted to €3.4 billion in 2022, €3.5 billion in 2023 and €4.2 billion in 2024.

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