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

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".

Next steps for LIBOR transition in 2020: the time to act is now

This is a critical year for LIBOR transition.

Credit Suisse release Official Statement After Roger Federer Controversy

Recently, Credit Suisse declared that it would no longer finance coal-fired power plants. - Singling out Credit Suisse among global banks is misleading and uncalled for.

GAM partners with SimCorp to consolidate its operating platform

The transfer of current front office systems to SimCorp will be seamless for clients and they will benefit from an improved client reporting experience from GAM.

a.s.r. and Van Lanschot Kempen to enter into a partnership agreement for a.s.r.’s investment accounts

This partnership is the final step for a.s.r. in the phasing out of its banking activities.

Former BHS owner ordered to pay £9.5m to pension schemes

Dominic Chappell told court he was facing bankruptcy and unable to pay fine or shortfall

French Climate Stress Tests for Financiers to Be Anonymous

Central banks are trying to design stress tests as they increasingly view climate risks as financial risks, while at the same time not adding to uncertainty for the sector.

Swiss National Bank under rising pressure after five years of negative rates

But those policies now face opposition from an unusual alliance of left- and right-wing politicians, as well as growing criticism from the powerful financial sector.

AML fines in 2019 breach $8 billion

Last year could have been a record

FCA RDR/FAMR evaluation update

We have commissioned qualitative research on how consumers interact with the market.

FSCS declares IFA firm Blackstar Wealth Management in default

146 FSCS claims

France blacklists BVI and Bahamas as non-cooperative tax havens

France has blamed the jurisdictions' deficiencies in the exchange of tax information for the listing, stating that French tax authorities were unable to obtain the requested information.

EBA report identifies key challenges in the roll out of Big Data and Advanced Analytics

The EBA will continue monitoring the developments in line with the pace of employment of new technologies in financial services

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