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

Investment firm director banned for 11 years after £4m gift

Business received at least £3.3m worth of loans and funds from retail investors

Proposed Regulations To Impose Filing Fees on CFIUS Filings

Payment must be made at the time of filing.

Santander bank encourages remote work due to Coronavirus

Santander's latest announcement follows other measures taken in recent weeks across the Group in all its markets, including the restriction of non-essential employee travel and meetings involving a large number of people.

Lenders to allow clients to defer mortgage payments

Other measures from RBS include allowing customers to close fixed savings accounts to access cash with no early closure charge and refunds on credit card cash advance fees.

Weekly Tax Brief

Fiscal measures alone are insufficient to tackle the economic consequences of coronavirus.

FCA research report on mortgage switching

The BoE Working Group on Sterling Risk-Free Reference Rates (RFRWG) has issued a statement welcoming the BoE's discussion paper

CBI Thematic Review Of Cyber Security - Key Findings

The Central Bank of Ireland recently completed a thematic inspection on cybersecurity risk in the asset management sector and has now issued an industry letter outlining the key findings identified.

Coronavirus: Bank of England makes emergency interest rate cut

The MPC votes unanimously to slash the rate by 50 basis points from 0.75% to 0.25%

Bank of England throws everything but the kitchen sink at Coronavirus

In a key paragraph towards the end of the release the Bank confirmed that it’s working in concert with HM Treasury.

Ireland – the Emerald answer for Dutch CLOs?

Whilst no new law has been passed, the rulings in place for these transactions have been changed (unilaterally) by the Dutch tax authorities, a move that has shaken the sector.

Has complacency been replaced by volatility?

Investment Managers tend not to moonlight as epidemiologists and therefore look to history as a guide to the likely impact.

Quilter sets aside £12m for Lighthouse DB claims

Speaking with FTAdviser, Mr Feeney said he would like to see this transition completed in the coming year.

Ireland faces EU fines on dirty money regulations

The directive was introduced in 2015 and was the fourth EU directive to target the issue of money laundering.0

Rogue trader Jerome Kerviel haunts embezzlement trial of ex-French prime minister François Fillon and wife

Prosecutors have called for a five-year jail sentence for the former conservative presidential contender

FCA consultation on OEICs: Proposals for a more proportionate Listing regime

The proposed changes include dis-applying or amending existing requirements that are disproportionate, or that are not relevant or operable for OEICs because they do not take account of the specific features of OEICs’ business models or structures.

Prince Andrew has 'completely shut the door' on Jeffrey Epstein investigation, prosecutor claims

The Duke of York has refused to cooperate with the investigation into Epstein's potential co-conspirators, prosecutor Geoffrey Berman said

EU launches campaign to tackle tax evasion

The EU is stepping up efforts in tackling undeclared work, encouraging cooperation between Member States and raising awareness throughout Europe.

US charges Russian billionaire Tinkov with tax fraud

Tinkov paid a £20m bail to be allowed to stay in a apartment owned by his wife in central London so long as he respects a 7pm to 7am curfew.

Santander to offer 14 weeks of full pay for new mothers to boost women's careers

This new minimum standards will be implemented globally over a three year period depending on the markets.

International Data Transfer Solutions Under GDPR

Following our previous analysis of the consequences of the opinion of the advocate general Hendrik Saugmandsgaard Øe (a.g.) in the Schrems II case, from the data exporter perspective, we will turn our attention to the content of the Controller to P

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