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

Why big UK and European banks are struggling to grow returns

Sky's Ian King says the UK bank reporting season has thrown up some common challenges for the country's biggest lenders.

ICO consults on draft AI auditing framework guidance for organisations

The European data strategy and the policy options to ensure the human-centric development of Artificial Intelligence presented today are the first steps towards achieving these goals.

Shaping Europe's Digital Future by President von der Leyen

AI will not only improve our daily lives, but Europe is already leading in AI.

Mourant advises on AIM Listing

The Mourant team was led by partner John Rochester and Counsel Alex Davies who advised on the Guernsey aspects of the listing, alongside UK counsel Howard Kennedy LLP.

Hundreds of millions of pounds in dormant assets could be seized under plans to expand charity scheme

Since the launch of the dormant assets scheme in 2011, 30 firms have voluntarily transferred dormant funds into it.

European Commission Launches MiFID II Review

The consultation seeks to assess the overall functioning of the regime after two years of application, and potentially propose reforms if deemed necessary.

Portugal Golden Visa Program For CEOs, CFOs, And Business Investors

After five years of legal residency in Portugal, it is possible to apply for Portuguese citizenship.

Belfius Bank Completes Milestone Front to Middle Office Transformation with SimCorp Dimension

The successful implementation forms an important milestone for the bank, enabling flexible product expansion and further optimization of margins, a key benefit in today’s margin-sensitive environment.

Julius Baer greatly enhances risk control and compliance

Closure of FINMA enforcement proceedings

£2.56b fraud against Union Bank: EFCC presents first witness

At today’s sitting, the prosecution called its first witness, Adun Howard, who narrated to the court events that led to the charge.

Italy hopes for EU green light soon on Monte dei Paschi clean-up

Clean-up key for Treasury to exit bank

Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

With regard to the new legal regulation of crypto custody in Germany as of 1 January 2020, Blocknox has already announced its intent to the supervisory authorities to apply for the required license.

GFSC signs MoUs with two financial services regulators

The MoU with the Croatian Financial Services Supervisory Agency has been signed in the spirit of mutual cooperation and information exchange

UK AMs face extra workload to meet ESG demands, report warns

Expanding beyond pension funds, Cerulli said UK insurers will also have to respond to changing demands around ESG, with climate-related financial disclosures and long-term scenario analysis likely to be more used than ever before.

Priti Patel shakes up immigration to points based system

They will also be relieved by the lowering of the threshold for what’s considered skilled, as well as a suspension of the cap on skilled workers.

Facebook faces tax court trial over Ireland offshore deal

Ireland has lower corporate tax rates than the United States, so the move reduced the company’s tax bill.

FCA value rules could end trail commission

The value rules — which have been in effect since the start of 2020 — require asset managers to carry out assessments of their performance, costs, economies of scale, comparable market rates, services and share classes every year.

Commission consultation on the review of the MiFID II/MiFIR regulatory framework

MiFID II and MiFIR started to apply in January 2018, bringing significant improvements to the functioning and transparency of EU financial markets.

English Pre-Pack Appeal Changes the Game for Directors – Perspectives from Insolvency Lawyers in Jersey, Guernsey and Ireland

The judge ruled that a company director’s purchase of residential property from the company’s administrator at a “significant undervalue” had not been in the interests of creditors.

TPR's Response to the Future of Trusteeship and Governance Consultation: What Does it Mean for Trustees?

TPR states that it will look to simplify how it presents its TKU expectations.

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