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

Financial firms disregarding money-laundering rules – Central Bank

Regulators send ‘Dear CEO’ letter to sector warning of more intrusive inspections

Mourant advises Highland Europe on their €700 million fourth fund raised in record time

The fund strengthens Highland Europe's strategy and will continue to use its technology expertise to build its portfolio of consumer tech brands and software companies.

Agreement on UK and EU future relationship continues to hang in the balance

For businesses that trade in goods between the UK and the EU, although careful plans have been laid

Which are the best Golden Visas to beat the Brexit roadblock

Acquiring UK citizenship will take investors between five and six years but for UK investors looking to maintain their EU status, there are some options that can provide residency or citizenship far quicker.

New guidance from Guernsey Finance will make it easier for family offices to embrace sustainable investing

Ogier has collated a series of illustrative clauses which can be implemented into a trust deed between a family and their family office.

Pair convicted of insider trading lose appeal

The FCA also said on occasions it could be shown that Abdel-Malek had inside information on screen whilst exchanging text messages with Choucair and a document relating to one of the deals was found by investigators during a search of her bedroom.

Bulgarian criminal organisation: indictment filed against organisation members and Credit Suisse

To summarise the position, Credit Suisse AG in Zurich is thus accused of failing to take all the reasonable organisational measures that were required to prevent the offence of aggravated money laundering (Art. 305bis no. 1 and 2 SCC in conjunction with A

New types of green bonds bring transparency and finance to climate action

Continued demand for both issuances has enabled us to increase their size, with the climate resilience bond up to US$ 1.1 billion from an original US$ 700 million and the transition bond up to €625 million from €500 million.

Council faces £20m loss after secretive investment goes bad

Thurrock council poured taxpayers' millions into energy company that used cash to set up credit business

BoE leaves monetary policy unchanged amid economic headwinds

MPC cites Covid crisis and Brexit for UK’s ‘unusually uncertain’ outlook

Tough but fair? High Court considers whether non-advisory terms are in breach of the Unfair Contract Terms Act

Clauses stating that a bank’s provision of services is execution-only and non-advisory are unlikely to be contrary to the requirement of reasonableness in UCTA.

Financial Regulation Update

The new Handbook rules and guidance will come into force on 29 December 2020.

EU moves closer to protecting citizens from online defamation

It further reported that as per the legislation the companies not following the proposed EU content policies could be fined up to 6 percent of global revenues, and repeat offenders could see their platforms temporarily banned.

Managing the Luxembourg voluntary liquidation process

Luxembourg also offers compelling structures. Its special purpose vehicles (SPVs), for example, have proven hugely popular with multinational private equity and real estate groups, offering huge potential for tax optimisation when they come to sell their

Luxembourg Confirms Gibraltar Exclusion from the Benefit of the EU Parent Subsidiary Directive

A summary of the recent Luxembourg tax authorities decision to exclude Gibraltar companies from the benefits of the EU Parent Subsidiary Directive as of 1 January 2021.

EBA updates its Basel III impact study following the EU Commission’s call for advice

Under the full implementation of Basel III and conservative assumptions, the updated impact is meaningfully lower than previously estimated, using June 2018 data and a consistent sample.

The EBA continues to call on banks to apply a conservative approach on dividends and other distributions in light of the COVID-19 pandemic

Banks in the European Union have been able to continue supporting businesses and mostly remained with strong levels of capitalisation.

Financial Regulation Update

The regulator highlights that complaints volumes are at the lowest levels recorded since 2016 H2

What the UK's Brexit divorce means for wealthy international couples

Let’s first talk about prenups, or postnups, and how everything is going to change upon the expiry of the transitional period.

CSSF publishes passporting requirements applicable to UK investment funds and fund managers after the end of the transition period

Following the departure of the UK from the EU on 31 January 2020

Legal, Regulation & Compliance