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

Financial relief for struggling businesses: new UK insolvency legislation now in force

The new legislation includes a raft of temporary measures aimed at bringing relief to businesses struggling through.

As UK dividends collapse, where can investors still turn for income?

The distribution per share that the product declared in June fell by 60%1 compared to the same payment made last year and reflects dividend news from March, April and May.

The post-Brexit regulatory landscape – divergence and competition without dilution?

This clearly rules out a “cut and paste” approach to adopting any EU legislation that goes live after the transition period.

Covid-19: FCA updates submission deadlines for regulatory returns

Given the impact of coronavirus (Covid-19), we have introduced some temporary measures for firms submitting regulatory returns.

FCA censures AIM firm for market abuse

As a result, investors were misled and paid more when purchasing shares than they would have done had they known the true position.

FCA updates TR registration arrangements webpage

Any TR wishing to offer its services relating to onshored EMIR (UK EMIR) or onshored Securities Financing Transactions Regulation (UK SFTR) in the UK after this date will need to be registered with, or recognised by the FCA.

Covid-19: PRA statement on regulatory reporting and disclosure amendments

This statement outlines the PRA’s revised approach to regulatory reporting and Pillar 3 disclosure for PRA-regulated banks in response to the Covid-19 outbreak.

ICO outlines six data protection steps which organisations should take on the road to coronavirus recovery

These include identifying a lawful basis for collecting and using the information collected and, if they are processing health data on a large scale, conducting a data protection impact assessment.

CPMI-IOSCO publish a report on CCP auctions

The report builds on a discussion paper on CCP default management auctions published in June 2019, after CPMI and IOSCO agreed in 2017

FCA statement on EBA ICT and security risk management guidelines

Firms are encouraged to focus on the provisions within the Guidelines relating to information security, ICT operations and business continuity to maximise their ability to provide services on an ongoing basis and to limit losses in the event of severe bus

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HMRC wins Fatca case over data confidentiality

But claimant argues sharing information with US is breach of EU law

Will pandemic-induced drawdown cause depleted retirement pots?

As 51% of Brits aged 55 and over admit they know little about the pension freedoms rules

Swedish Regulator Fines SEB $107 Million, Citing Lax Anti-Money-Laundering Efforts

SEB said it would analyze the regulator’s decision.

Switzerland to become a leading location for sustainable financial services

In view also of the global challenges, further efforts must be made to safeguard and further expand the interests and competitiveness of the Swiss financial centre internationally.

Ogier advises Brooks Macdonald on acquisition of Channel Islands wealth management and funds business of Lloyds Bank International

The cross-border Ogier team was led by Jersey-based partners Matthew Shaxson and Niamh Lalor

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