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

Barclays boss Jes Staley is dragged into the hunt for Jeffrey Epstein's cash

There is no suggestion of any wrongdoing on the part of Mr Staley, or that he knew anything about Epstein's criminal activities.

UK’s financial regulator expands AML regulations to all cryptocurrency firms

The FCA had plans to implement data analytics to alleviate the regulatory approach and overcome the issues enterprises face.

French regulator makes H2O suspend funds

The AMF made the decision due to valuation uncertainties

Carey Olsen Bermuda's Keith Robinson among Transcontinental Trusts speakers

Carey Olsen Bermuda partner Keith Robinson is a panellist on the global litigation session on day one of the Transcontinental Trusts International Bermuda Conference.

AIFMD – Room for improvement

Two annexes to the letter contain the detail of the suggestions being put forward by ESMA.

FCA: Market Watch 64

The newsletter explains that the temporary transition power does not encompass transaction reporting rules under MiFID II.

Prolonged pandemic could disrupt Malta's banking sector, warns central bank

It said that prior to the pandemic, overall bank liquidity was ample and this continued to rise given that savings continued to increase during the pandemic.

ECB publishes consolidated banking data for end-March 2020

The quarterly data cover information required for the analysis of the EU banking sector, comprising a subset of the information that is available in the year-end dataset.

Digital commodities exchange Emirex introduces Bitcoin SV trading pairs

While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV - within a regulatory compliant environment.

TPR enforcement activity drops by half during Covid

A fixed penalty notice of £400 is the first stage in the enforcement process

FCA ‘frustrated’ with legacy technology

London Capital and Finance went into administration in January 2019, owing a total of £237m to 11,600 investors.

Embark targets IFA deals in growth push

Embark had also expanded the funds’ platform reach in the past few months — meaning the funds are now available on roughly half of the adviser platforms — and expanded the communication and marketing of the products.

GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth

Babbé Senior Associate Elena Gogh discusses a positive report on anti-money laundering practices in Guernsey by the Guernsey Financial Services Commission.

The central bank balance sheet as a policy tool: past, present and future - speech by Andrew Bailey

This experience has reiterated that the effectiveness of our tools depends on the situation in which they are used.

Changes to Guernsey's beneficial ownership regime

The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.

FCA open-ended funds review survey

During the coronavirus crisis, consumers may find themselves needing access to their savings in accounts with restrictions on access.

Why Linklaters Says It Is Benefiting from Having Lawyers Working From Home

Linklaters said it is “encouraging open and continuous dialogues across the firm” on issues such as flexible start and finish times, modified daily ‘core’ hours and modified hours to allow for commitments outside of work.

Further review of IHT by the APPG

The APPG paper proposes comparatively radical reforms to a system that it describes as having been criticised as complex, ineffective, riddled with anomalies, distortionary and unfair, unpopular and ripe for reform.

FCA and TPR team up to tackle pension scams

Scammers wreck lives and no matter how big or small your savings are, every pot is a target.

Migrating A Company Out Of Guernsey

Just like a person, a company can change its nationality.

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