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

EU and UK Strike Deal to Strengthen Banks’ Digital Resilience

The agreement sets rules for banks to manage digital risks and third-party providers

Tribunal upholds bans and fines for reckless adviser and fund manager

The FCA intervened in 2016 to protect consumers, stopping the pensions business of Synergy and Westbury. Both firms subsequently went into liquidation and were dissolved.

PRA rule changes to accommodate HM Treasury’s Overseas Prudential Requirements Regime

The consultation paper will explain if responses will be shared with other organisations (for example, the Financial Conduct Authority).

CP3/26 – PRA rule changes to accommodate HM Treasury’s Overseas Prudential Requirements Regime

The consultation paper will explain if responses will be shared with other organisations

ECB welcomes extension of Frank Elderson’s term as Vice-Chair of the Supervisory Board

Frank Elderson’s term of office as Vice-Chair of ECB’s Supervisory Board extended until end of his term as ECB Executive Board member

ECB fines Crédit Agricole for failing to address climate risk

The central bank issued its first climate fine against Spanish bank Abanca in November for also failing to meet a material assessment deadline.

Emerald Advisory files legal action against Emerald Fund

The legal action relates to outstanding claims arising from the cooperation between the parties.

FCA fines former chief executive of Carillion plc (in liquidation)

The fine was imposed after Mr Howson withdrew his challenge to the FCA’s decision.

ESMA publishes latest edition of its newsletter

This edition opens with ESMA’s Digital and Data Strategies, outlining how enhanced data use and improved digital tools will strengthen effective and risk-based supervision.

Ahead of the Curve: Consumer composite investments and client categorisation

This insightful webinar explores the new CCI regime and the client categorisation proposals, where our speakers dissected the key issues for firms and consider how best to anticipate and prepare for these upcoming changes in the UK regulatory environment.

Norton Rose Fulbright advises BNP Paribas as financial adviser to Nuveen on its £9.9 billion recommended offer for Schroders

TIAA provides secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions.

Commission launches public consultation on EU banking

Stakeholders’ feedback will be used into the Commission’s 2026 report on the competitiveness of the EU banking sector, which is part of the savings and investment union (SIU) strategy.

Could the ECB executive board reshuffle shift how it thinks about climate?

Six of the eight positions on the executive board are up for replacement by 2031, with four being replaced over the next two years, including the roles of president and chief economist.

Cybersecurity at the core of tokenisation: can digital assets withstand the next big shock?

This is an extract of a Funds Europe-Caceis research survey report into attitudes towards the tokenisation of digital assets

FCA takes action against HTX to stop illegal financial promotions

Since the rules came into force in October 2023, the FCA has engaged extensively with firms, and the majority have reacted positively in complying with the new regime.

FCA fines two individuals a combined £108,731 for insider dealing

This meant he had access to inside information about a major upcoming deal between Bidstack and a large video game publisher.

Brussels to revive campaign for bank deposit guarantee scheme

European Commission seeks to boost competitiveness of EU banks

The EBA launches consultation on simplifying the credit risk framework

Based on the comments received, the EBA will assess potential simplifications as part of its future policy work.

Bank of France chief’s surprise exit stokes suspicion among Macron’s opponents

Governor’s departure allows the French president to future-proof the central bank against a far-right government.

ECB keeps rates unchanged

The Governing Council is determined to ensure that inflation stabilises at its 2 % target in the medium term.

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