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

LIBOR cessation: demystifying the switch to risk-free rates

Market participants should consider whether FCA’s latest announcement constitutes a pre-cessation or cessation trigger under their LIBOR-linked contracts.

Six things to know about flexible legal staffing in 2021

More in-house teams are using interim lawyers to access tech and innovation know-how

Ogier assists £300 million Hillview Real Estate fund with acquisition

Individual investments are expected to range between £10 million and £25 million and provide significant scope for value enhancement through active asset management, including repositioning of properties and restructuring of leases.

Collas Crill Advises Team on Successful Admissionn to the London Stock Exchange

8,523,334 shares were subscribed for in connection with the placing and TEAM intends to use the proceeds to fund its acquisition-driven strategy.

The UK's Investment Screening Regime is Coming - What Should Businesses be Doing Now?

This alert sets out an important reminder of what businesses need to be considering now in the context of this new screening regime; particularly in light of its retrospective nature.

Financial Regulation: Daily Update

The UK Government has announced that auctions for the UK ETS are due to commence as soon as is feasible and no later than Q2 2021.

‘I’m Innocent,’ UBS Bankers Say as $5 Billion Appeal Starts

Regulating bidding for Emissions Allowances under the UK Emissions Trading Scheme

We propose how we will authorise and supervise certain firms intending to bid for emission allowances on the UK auction platform.

New UK national security regime to be in place by the end of 2021

Under the Bill, where qualifying entities (typically target companies) operate within specified sectors, a notification must be made to BEIS before any transaction involving that entity can complete.

Locking down market abuse

Speech by Mark Steward, Executive Director of Enforcement and Market Oversight, delivered at the Expert Forum: Market Abuse 2021.

After 2020 surge, European bank M&A poised to enter 'bull market'

Deal-making picked up in 2020 with some of the biggest bank mergers seen in recent years, as well as a slew of minority stake and asset sales.

The Bahamas Removed from the French List of Non-Cooperative States and Territories in Tax Matters.

The French Government has imposed a number of sanctions on blacklisted countries, including applying withholding taxes at a higher rate on financial transactions involving blacklisted countries.

Regulator denies Jersey is “back door" after disgraced financier announces local venture

The head of Jersey’s financial watchdog has said that a disgraced fund manager’s attempts to start a new venture in Jersey have led to the impression that the island can be used as a “back door."

Reforms to UK listing rules on the horizon: retaining London’s competitive advantage

The suggestions include both short and longer term proposals and are considered as part of a regular process

FCA: Announcements on the end of LIBOR

Based on undertakings received from the panel banks, the FCA does not expect that any LIBOR settings will become unrepresentative before the relevant dates set out above.

UBS heads into record 4.5 bln euro French tax case appeal

The bank has denied any wrongdoing. It has so far set aside a tenth of that amount, or 450 million euros, to cover the penalties.

Jersey financial regulator attacks Neil Woodford’s relaunch plan

Channel island vows to uphold strong protections for fund investors

Amendments to Personal Data Protection Act

This round of amendments will introduce significant change to the existing data protection regime in Singapore, which bring it closer in line with higher global standards.

Key Financial Services trends from 2020

Both plans set out operational and financial resilience as key priorities during a time of turbulence; the regulator has since worked with firms to review their contingency plans and survey their financial stability.

Immigration options for those wishing to invest in and relocate to the UK

If the applicant invested £5m or £10m in the UK, they may qualify for ILR after three years or two years respectively.

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