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

Central Banking in extreme adversity - speech by Andrew Bailey

Given at the 9th NBU-NBP Annual Research Conference, Kyiv

Streamlining financial transaction reporting: ESMA calls for input

ESMA aims to identify how best to enhance efficiency and reduce the costs associated with supervisory reporting, whilst maintaining a strong level of transparency and ensuring effective oversight from the authorities.

Global tensions leave BoE stuck in 'higher for longer' interest rate phase

As such, it comes as very little surprise that the Monetary Policy Committee has chosen to hold rates at 4.25%.

Claudia Buch: Simplification without deregulation - European supervision, regulation and reporting in a changing environment

The views expressed in this speech are those of the speaker and not the view of the BIS.

DNB imposes fine on ABN AMRO for violation of bonus prohibition

DNB has determined that ABN AMRO wrongly failed to apply the bonus prohibition to seven positions in the second echelon during the specified period.

Dovish BoE hold keeps markets calm

He noted that the Bank’s consistent messaging around a gradual approach to cuts aligned with recent macroeconomic data.

The EBA reviews standardised terminology in relation to payment accounts and concludes it remains fit-for-purpose

The review finds that the standardised terms remain fit-for-purpose across the European Union.

CySEC extends suspension of CIF license of W.G. Wealth Guardian

Further to CySEC’s decision dated 28.05.2024, the company notified CySEC about its intention to renounce its authorisation, which is under examination.

Innovation and regulation - striking the balance - speech by David Bailey

Given at Risk Live Europe

A UK Wealth Exodus? Why ‘Non-Dom’ Crackdown Risks Backfiring for Reeves

What started as a trickle of departures risks turning into an exodus as rich individuals grapple with a raft of other changes hitting their finances — from higher taxes on private equity investments to levies on private school fees.

Upper Tribunal ruling in the case of Craig Donaldson and David Arden

The Upper Tribunal has decided that fines of £167,325 and £100,950 should be imposed on Mr Donaldson and Mr Arden, respectively.

Dividend difficulties for business owners in 2025

Rachel Reeves is allegedly considering removing the current £500 dividend allowance and increasing the top income tax rate for dividends from the current rate of 39.35%

New Swiss rules may force UBS to review global franchise, curb buybacks

As of now, the implementation of all new rules is expected to start in 2027 at the earliest

Banque Pictet et Cie SA and one of its former asset managers sentenced by penal order

The conviction was part of a series of criminal proceedings initiated by the Federal Prosecutor's Office (OA) in connection with the international "Lava Jato" corruption scandal, most of which originated in Brazil.

UK interest rates predicted to stay at 4.25% with Bank ‘nimble’ amid uncertainty

The MPC has voted to cut rates at every other meeting since it started easing borrowing costs last August, from a peak of 5.25%.

What the Spain–Gibraltar Deal Means for HNWIs and Retirees in 2025

Running the ruler over the agreement on the future of Gibraltar’s border with Spain, and the implications.

ESMA publishes Final Report on technical advice concerning the Prospectus Regulation

Several such provisions require the adoption of level 2 measures, consisting of technical standards developed by ESMA and adopted by the EU Commission after the related legislative procedure.

Interview with Luis de Guindos, Vice-President of the ECB, conducted by Balázs Korányi and Francesco Cánepa on 12 June 2025

The final outcome in trade negotiations is by far the most relevant factor of uncertainty that we considered in our projections

UBS finance chief voices disappointment over Swiss capital rules

UBS planned to engage in political consultation processes on Switzerland's capital requirements, which could eventually lead to a more proportionate outcome

The EBA issues revised list of validation rules on supervisory reporting

Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.

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