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

Warranty Claims: On Time, But too Late?

That explains the due diligence that is usually conducted by buyers, where the buyer and its advisors scrutinise the target company and its assets and liabilities in rigorous detail.

Asset Freeze Measures Fully Extend to Controlled Entities and Cover Services and Labor, Says the European Commission

It also confirms that the concept of "economic resources" can cover services and labor.

Adapting Model Governance to AI/ML Systems for Financial Institutions

As financial services companies, from banks to asset manager to insurance companies, begin adopting AI/ML systems, they will need to tailor their existing policies to address these unique issues.

Council of Europe Calls for More Cross-Border Financial Probes

The EU has in recent years strengthened its legal framework for countering money-laundering and financing of terrorism.

Over 40 new firms commit to promoting gender diversity in financial services

Over 40 new companies have signed up to the Women In Finance charter, which aims to promote gender diversity in Financial Services, the City Minister John Glen has announced today.

Global tax guide to doing business in...

This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations.

Former Wirecard chief arrested over missing €1.9bn

Chief operating officer, Jan Marsalek was sacked hours later after the management board’s statement, as he was suspended from the board last week.

Beijing courts UK firms with tax benefits

Around 20 UK-based fund managers attended an online conference organised by the city of London and the Beijing Local Financial Supervision.

'Scandalous' RBS helped fraudsters cheat the taxman as High Court rules it was involved in £45m VAT fraud

RBS has been accused of 'scandalous' behaviour after a High Court decision

Ireland update: EBA ICT and risk management guidelines apply from 30 June 2020

Risk of loss due to breach of confidentiality, failure of integrity of systems and data, inappropriateness or unavailability of systems and data or inability to change information technology within a reasonable time

Extradition hearing of former Abraaj CEO to start in London

US authorities want Arif Naqvi to stand trial in America on charges of fraud and money laundering

FCA sees ongoing charges as a problem

We could see regulated services paid on an ongoing basis and unregulated not

Deadline looms for Britons living in EU

f they cannot reach an agreement with the EU before the end of the transition period, the UK could leave the bloc without a trade deal.

Italian Banks Are Ready to Trial a Digital Euro

The group prioritized the need for a digital currency framework to be fully compliant with EU regulations to win the public’s trust, and said banks will play a critical role in upholding that trust.

Solvency II solutions when choosing reinsurance from Guernsey

Jason Noronha, Head of Actuarial and Analytics at Aon, who heads the firm’s non-life insurance actuarial consulting team, clarifies Solvency II regulations as they relate to reinsurance from Guernsey.

Covid-19: FCA proposals to support consumer credit customers

The proposals outline the support firms would be expected to provide to credit card and other revolving credit and personal loan customers coming to an end of a payment freeze

Do as we say! China orders UK firms to obey or else they'll 'pay price and be hit hard'

BRITISH firms have been sent a powerful warning by Chinese state media with one firm told they face a "life or death test", in a stinging attack, as they respond to the new security law in Hong Kong.

Luxembourg's Impending Professional Guarantee of Payment Regime, 2020

Luxembourg is a civil law jurisdiction where the Napoleonic (French) civil code originally constituted the framework of its contract law.

HSBC faces £1.3bn legal claim for its involvement in film financing scheme set up to avoid tax

Retired policeman and lead claimant Chris Upham said he invested £25,000 in what ‘seemed like a great opportunity’.

FCA consultation on marketing speculative illiquid securities to retail investors

The FCA has also published a research note providing evidence-based understanding of how consumers choose amongst high risk investment products.

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