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

QE as an economic policy tool - what does it do and how should we use it?

Speech by Dave Ramsden

EU financial regulators seek greater powers over tech providers

The regulators also said there was a need to ensure that recommendations made to CTTPs under the new regulatory framework could be enforced at EU level

Covid: Future employment contracts may insist workers have been vaccinated, justice secretary says

Mr Buckland also said it would be up to pubs and restaurants if they wanted to make vaccines a requirement for entry but said he did not support a government led vaccine passport system.

Bearing Point RegTech extends its cooperation with DKB

DKB will use Abacus360 Banking to meet the requirements of German and European regulatory reporting

ESMA Highlights Risks to Retail Investors of Social Media Driven Share Trading

The statement is issued as part of ESMA’s investor protection objective to safeguard retail investors, whose participation is key to the development of the Capital Markets Union.

Witnessing Wills In A Covid-19 World

A witness who appears by audio-visual link must, as soon as is reasonably practicable after witnessing the signing of the Will

JFSC fines three SG Kleinwort Hambros firms

The three SG Kleinwort Hambros firms acknowledged their failings at an early stage and have taken steps to make material changes to strengthen their governance arrangements and compliance systems and controls.

UK told to 'boost it like Biden' and quadruple COVID stimulus to £190

This would be akin to the $1.9tn stimulus injection tabled by newly-elected US president Joe Biden, which is equivalent to 8.9% of the value of the US economy.

Statement by Mark Steward, FCA Director of Enforcement and Market Oversight, on Woodford Investment Management Ltd and WCM Partners Ltd

Mr Woodford’s new business, WCM Partners Ltd, would need to apply for appropriate permissions before commencing any regulated activity in the UK.

UK Charity Commission announce consultation on responsible investment guidance

From the responses received, the Commission identified that one of the main barriers to responsible investments was a technical one.

UK govt. setting up green finance research hubs

The centre follows on from Chancellor Rishi Sunak last year revealing several green finance initiatives such as the launch of green bonds in 2021, as well as new regulations which oblige financial institutions to report on their climate impact by 2025,

EU’s parliament extending blacklist criteria

Any expansion of the blacklist must be made by the EU’s Economic and Financial Affairs Council following an investigation and recommendation by the EU’s Code of Conduct Group.

Swiss Central Bank Urged to Lift Inflation Goal, Manage Currency

Economists publish paper calling for average 2% inflation aim

UK Corporate Governance Update - What to Expect in 2021

Meanwhile HM Treasury will be carrying out reviews of the listing regime, the post-EU financial services regulatory framework and the future of financial services in the UK.

Germany orders Greece's Piraeus Bank to step up money laundering prevention

Piraeus Bank is one of Greece’s four largest banks. Its main shareholder is bank rescue fund HFSF (Hellenic Financial Stability Fund) with a 61% stake.

Hundreds of advisers adopt PFS vulnerability charter

Advisers who sign up to the charter are expected to display the commitment on their website.

Adviser buys legal firm in conveyancing move

"Julian and the team have a strong track record of unparalleled expertise and guidance in this space in addition to a quality client following."

UK Issues Draft Rules to Promote Trust in Digital Identity

“They are set to revolutionise transactions such as buying a house, when people are often required to prove their identity multiple times to a bank, conveyancer or estate agent, and buying age-restricted goods online or in person.”

FCA and adviser in £200k authorisation spat

The adviser told the commissioner they had been authorised between 2001 and 2018 when holding controlled function positions at their own firm.

UK government consults on carbon capture usage and storage projects

The government has outlined a two-phase process in order to allocate CCUS programme support, and a proposed timeline for the process.

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