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

FCA data on mortgage prisoners

Following our Policy Statement on the changes to the responsible lending rules, we have published further data on the mortgage prisoner population.

The death of LIBOR and the afterlife

LIBOR was developed and launched in the mid-1980s by the British Bankers Association.

FCA blindsided by investment fund suspensions

Regulator admits it does not track frequency of funds that block investor withdrawals

Mortgage currency quirk favours UK and expat buyers in Spain

Note the opposite is also true, though, your home currency could decline, which makes your debt more expensive.

Why The Euro Is Starting To Resemble The Yen

Companies are borrowing at lower interests in Europe than in the United States.

Poland and Germany to be top beneficiaries of 100 bln euro EU climate fund

Poland did not sign up to the 2050 neutral-emissions goal, arguing its energy systems and economy were too dependent on coal and lignite to make the transition in that time.

Sale of Piraeus Bank’s Bulgarian subsidiary to Eurobank did not breach EU state aid rules, EU Commission says

Eurobank, Greece’s third-largest lender, announced in June 2019 that its Bulgarian subsidiary Postbank concluded on the acquisition of Piraeus Bank’s Bulgarian unit after obtaining regulatory approvals, – a process that started in Novemb

Jaime Botin is sentenced to prison in Picasso Smuggling fiasco

Prosecutors argued that Botin was smuggling the painting out of Spain -- instructing the captain of his yacht to lie to law enforcement -- with the objective of selling it at a London auction house.

FCA new money laundering and terror funding watchdog

They aim to stop criminals using professional services to launder money by requiring professionals to take a risk-based approach.

Lords consider shake up of IHT rules

Assets and protection policies held in trusts are removed from an individual's estate and are therefore exempt from IHT.

Freshfields' former Global Head of Tax charged with fraud

The arrangement involved treating a share as having two owners, so that both parties could receive a refund of capital gains tax which only one of them had actually paid.

Carey Olsen continues as leading legal adviser to Guernsey's investment funds industry

The findings of Monterey Insight follow the publication of the latest Chambers UK and Legal 500 UK rankings at the end of last year

Update approved for Guernsey insolvency law

Key developments include changes to voluntary winding up by company members

EBA report on RTS on material risk takers

As to the weaknesses, the Report highlighted that although CAs typically follow a risk-based approach, some of them have some difficulties to distinguish their standard risk-based methods of supervision

Slaughter and May bans ski trips after harassment claim

When the allegations were made, the elite Magic Circle firm was already carrying out a risk assessment on behaviour that included social events.

OLYMPIC Banking System: successful completion of multi-location deployment at Andbank

The roll-out took place in two stages, initially for the Monaco entity and then subsequently for the Andorra, Luxembourg, Spain, Panamá and Insurance units, using a “Big Bang” approach.

FCA and Bank of England encourage switch from LIBOR to SONIA for sterling interest rate swaps from Spring 2020

The market for SONIA derivatives is already well-established.

Easy ‘hire and fire’ rules may harm economy, says Andy Haldane

Productivity, a measure of output per worker, is the key determinant of living standards, but it has stagnated since the financial crisis.

Inflation Fears Return to Haunt Investors in Europe’s East

It’s a predicament that contrasts with the euro area, where the European Central Bank is struggling to rekindle price growth.

Double Jeopardy: Breach of Sanctions or Contract?

Lamesa sought to argue that the risk of secondary sanction was not an express prohibition and that "mandatory" should mean "compulsory".

Legal, Regulation & Compliance