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

Swiss money laundering trial of Uzbekistan's Karimova and Lombard Odier begins

Geneva-based Lombard Odier and an ex-employee of the bank are suspected of having played a decisive role in enabling the concealment of proceeds of Karimova's alleged criminal activity.

FCA calls on law firms and claims management companies to consider the position of their clients

At the very least, they should write to those clients to explain they’re involved in a challenge that’s likely to delay compensation.

The ESA’s Joint Committee highlights digitalisation, cyber resilience and sustainable finance as key priorities of 2025

The Joint Committee also advanced a range of other cross-sectoral initiatives, including work to enhance the EU securitisation framework, progress on the European Single Access Point (ESAP), and support for financial innovation through the European Forum

EBA Report shows persistent gender imbalance and pay gaps in EU banking leadership

The EBA calls on institutions to consider promoting a more balanced representation of genders, and on competent authorities to continue assessing diversity and gender pay gap practices as part of their supervisory reviews.

FCA spearheads global action to stop illegal finfluencers

Seventeen regulators worldwide took part in the 'week of action' which included enforcement activity, consumer awareness campaigns, and educational programmes for finfluencers who want to act responsibly.

Osborne Clarke advises shareholders of Daintta Group Holdings Limited on its investment from LDC

It delivers high-complexity technology projects across data intelligence, cyber security, networks, communications and AI engineering.

UK financial sector prepared for Mythos and others, says BoE co-chaired group

The Cross Market Operational Resilience Group, which brings together British financial authorities, a range of firms in the sector and the National Cyber Security Centre, discussed the cybersecurity challenges presented by new AI models.

UK Pensions: What’s new this week? April 20, 2026

HM Treasury has published a response to the House of Lords Economic Affairs Committee report on changes to inheritance tax which will take effect from April 6, 2027.

Italy fines Poste Italiane and PostePay over alleged personal data access

Poste Italiane plans to appeal to the Court of Rome seeking annulment of the decision.

FCA and PRA ease SMCR rules to cut burden and support growth

The regulators said the updates will make it easier for firms to comply with SM&CR, while preserving its core principle of senior manager accountability.

FCA publishes findings from financial adviser market survey

Overall, it shows a market that remains broadly stable and continues to support millions of clients, even as firms adapt to consolidation, new business models and technology.

Sapia agrees to pay more than £19m to WealthTek clients after failing to protect client money

This resulted in Sapia holding and being responsible for protecting client money resulting from WealthTek’s activities.

PS12/26 – Review of the Senior Managers and Certification Regime (SM&CR) − Phase 1

It ensures that appropriate senior decision-makers are identified and that these individuals are clear as to their responsibilities and accountability.

FCA and PRA confirm changes to streamline senior manager accountability and boost growth

The Government also proposes giving more flexibility to the regulators to further reduce the number of senior management functions (SMFs) which require pre-approval.

FCA leads first crackdown on illegal crypto trading

Peer-to-peer trading is when individuals buy and sell crypto directly with each other, rather than using a centralised exchange and requires appropriate registration.

The Federal Council opens a consultation process on the equity capital backing of foreign holdings in the parent company of systemically important banks.

Swiss banks are currently only required to partially back their investments in foreign subsidiaries with equity capital.

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