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

BaFin and ECB approve Germany’s DekaBank for crypto custody

But let’s not get too excited—this is Germany, after all, where regulation is the order of the day, and every action is measured.

UK regulator reportedly restrains FNZ, makes platform precedent

Earlier this year the UK financial regulator handed FNZ a so-called ‘section 166’ notice, triggering a review by an independent ‘skilled person’.

Rule changes proposed by FCA to boost investment

In practice these documents were often complex, unclear, and could miss important points.

FCA executes search warrants in investigations involving unauthorised business

The operations were conducted because the individuals are suspected of being involved in debt and claims management activities when they were not authorised by the FCA to do so.

M&G sues Royal London over £86m Ascentric purchase

Asset manager looks for at least £27m in damages on back of investments in high-risk bonds.

The Bank of England welcomes API Panel of Expert recommendations to enhance cross-border payments

The recommendations in the report and their associated action items are a timely and practical push for increased harmonisation of APIs in cross-border payments.

FCA apologises to Collateral investors

Collateral offered peer-to-peer style investments. Its directors were able to fraudulently change details about the firms’ public entry on the FCA’s interim permission register.

EU/EEA banks’ profitability is holding up well despite declining net interest margin

Net interest income and net trading income negatively contributed to the change in ROE.

Federal Council issues opinion on report of Parliamentary Investigation Committee concerning Credit Suisse

In its report for the attention of the Federal Assembly, the Federal Council sets out its position on the PInC's recommendations, motions and postulates.

Restatement of Solvency II assimilated law: correction to standard formula mass lapse life underwriting risk rule in PS15/24

Statement by the Prudential Regulation Authority

Clear of Charges: Dutch Banks' Executive Verdicts

Dutch prosecutors have announced that they will not be pursuing criminal charges against former executives of ING and ABN Amro.

Wrap up of key legal insights within the Real Estate sector in Belgium

Review the summaries of last year’s publications below, and be prepared to stay informed and to navigate a promising new year in real estate with us.

ESMA Publishes Consultation Paper on Regulatory Technical Standards (RTS) for Open-ended Loan-originating Funds

The RTS set out the requirements with which Loan-Originating AIFs are to comply in order to maintain an open-ended structure.

FCA charges John Dance with offences related to WealthTek

The FCA alleges Mr Dance laundered the proceeds of his criminality through his personal and business bank accounts

Swedish SEB will consolidate its Baltic banks into one

The new legal structure is also expected to benefit SEB’s retail customers in the Baltic region.

PS20/24 – Solvent exit planning for insurers

The PS will refer to all of these collectively as ‘insurers’ or ‘firms’ unless otherwise specified.

Payment cycles: An update on the Future Roadmap for the RTGS service - speech by Victoria Cleland

Given at FinTech Connect on 5 December 2024

ESMA releases last policy documents to get ready for MiCA

FCA responds to High Court motor finance judicial review decision

The Court dismissed all 3 grounds of appeal brought by the lender, Barclays Partner Finance.

FCA seeks feedback on plans to improve the transparency of the UK’s crypto markets

This will reduce fraud and help promote good practices in the sector.

1
2
3
…
23
24
25
26
27
28
29
30
31
32
33
…
1033
1034
1035

Legal, Regulation & Compliance