Managers of Wealth Europe

Alibaba’s Ma Worries EU Regulations Will Stifle Tech Innovation

With lawmakers and regulators around the world clamping down on technology companies, the European Union has become one of the fiercest critics of tech companies.

BoE speech on "stylish regulation" by Sam Woods

This, needless to say, would be anathema to the Prudential Regulation Authority and to all of us who have spent the last decade repairing the financial system.

BoE speech on macroprudential policy

Speech given by Donald Kohn, Member of the Financial Policy Committee

Investec reveals impact of robo-advice closure

The company has now confirmed an estimated 50 staff will be impacted by the closure

Wealth management boss jailed for a decade over £14.5 Ponzi fraud handed FCA final notice

David ran a legitimate HBFS business parallel with his fraud, in which he convinced investors, some of which he knew personally as friends, that their funds were held in high-interest bank accounts offering between four and eight per cent annual interest.

Firm involved in £17m fraud declared in default

Between 2008 and 2015 the brothers fraudulently produced client records and misrepresented documents

Deutsche doubles financial crime fighters to head off future scandals

Germany’s largest bank has been beset by legal troubles in recent years — and has warned they are not over yet

UK will not impose deadline on OTs to change residency rules

In the Cayman Islands, premier Alden McLaughlin said the suggestion was "akin to an attempt to take over the territory.

Similarity of phones in alleged UBS insider trading case a ‘coincidence’

Former compliance officer says day-trader friend provided mobile phone to keep in touch

HMRC toughens position on use of offshore trusts to avoid tax

HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs

The IoF updates its GDPR guidance – what's changed?

The focus of the guidance remains on how charities decide on which lawful basis of processing personal data they should rely on in a particular situation.

Stylish regulation - speech by Sam Woods

Speech given by Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer, Prudential Regulation Authority

Biggest Swedish Bank Says Baltic Business Not Worth the Cost

Swedbank, which dominates financial markets in the Baltics, is fielding allegations it may have handled over $100 billion in potentially suspicious flows.

Hong Kong, Netherlands Sign Mutual Recognition of Funds Agreement

"This new framework with the AFM will open up opportunities for the asset management industries in both markets and provide investors in Hong Kong and the Netherlands with more investment choices.

Eversheds Sutherland wins Product Team of the Year at Real IT Awards 2019

The Eversheds Sutherland Team developed a Case Management Information System, REfocus, enabling clients and lawyers to interact, review and manage deals and transactions through its cloud-based portal, a market-first for real estate lawyers.

Model use and misuse - speech by David Rule

Given at the Association for British Insurer's Prudential Regulation Seminar 2019

Big companies choose Guernsey to issue bonds

Under EU rules, selective disclosure of information - to some investors and not other - is not allowed.

Hundreds of advisers report non-compliant PII cover

Three days before the rise in April the FCA sent an email to advisers asking those whose PI insurance policy did not provide compliant cover to complete an online survey

How Guernsey is part of the British financial services family

Some £35 billion from Guernsey investment funds is invested into UK assets, most into long-term tangible assets, including schools, hospitals, airports and roads, and businesses of all sectors and scale – and the majority of that money comes f

UBS Hones French Defense Plan

The Swiss bank was ordered to pay 4.5 billion euros ($5 billion) in fines and other charges.

Legal, Regulation & Compliance