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

Sweden's Riksbank slams Canada, Australia over emissions, dumps bonds

Greenhouse gas emissions per capita are among the highest in the world, but vary considerably between the different states.

Danish watchdog orders Handelsbanken to boost anti-money laundering efforts

“This in particular concerns the risk of the branch being misused for terrorist financing,” the regulator added.

Ireland: Over 180,000 firms could face fines under money laundering rules

If an entity cannot identify any persons who own a sufficient percentage or who exercise a sufficient level of control, then it must collate and submit information of its senior managing officials instead

FSB eighth report on implementation of resolution reforms

The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

SJP will have to cut charges, says £10m investor

She said: "Hands on the table, we’ve had debates on that. We do have slightly different views and we do debate it quite a lot.”

Solvency II: PRA policy statement on maintenance of TMTP

The policy set out in this PS has been designed in the context of the current UK and EU regulatory framework.

Failed wealth manager owes HMRC almost £800,000

Leonard Curtis is currently in the process of deciding which broker this will be, with more than 100 companies originally interested in the SVS clients.

Migros Invests in Swiss Fintech Startup B-Sharpe

Strengthened by a shared vision, Migros Geneva and b-sharpe believed in the powerful synergies bringing together the historic and well-established activity of one company and the digital skills and expertise of the other.

Rebel Libyan central bank issues more Russian-printed notes

The notes were contained in two large shipping containers on a vessel which docked in Malta.

France Supports European Bank Mergers Before Key Meeting

‘It’s important that Europe takes stock of its power,’ he says

Nutmeg and Goldman Sachs partner up for Isa launch

Nutmeg still makes losses as a brand, but is continuing to evolve as a business.

Ex-footballers sue St James’s Place over tax schemes

The rules were changed a decade later after concerns that the schemes were being abused.

Jersey’s Beneficial Ownership Register Cited in FATF Best Practice Guide

The Financial Action Task Force report identifies challenges facing countries such as ensuring the beneficial owners of companies are identified and what key features an effective regime should have.

Scottish Widows in ‘data breach’ over wrong letters

The error arose when the employee was completing the same task for two different customers at the same time.

UK employers' hiring plans lift off 18-month low: CIPD

Low unemployment and solid wage growth have helped cushion the economy while businesses have cut investment due to the U.S.-China trade war and Brexit uncertainty.

Morning Coffee: Shock as senior ex-Deutsche and Nomura bankers get preliminary jail sentences; Iqbal Khan's plan for UBS

Equally significant is the seniority of the ex-Deutsche and ex-Nomura bankers involved.

Andersen Global Announces First Collaboration in Croatia

This collaboration will allow us to take our client service to the next level and expand our footprint more broadly. We are excited to work closely with our Andersen Global colleagues regionally as well as internationally.

EU Exit: PRA statement on ACPR response to EIOPA recommendations for insurance sector

The French regulator, Autorité de contrôle prudentiel et de résolution (ACPR), has indicated in its response that it does not intend to comply with EIOPA’s Recommendation 6

Corporate Investigations - Keeping Your Cards Close to Your Chest

The company appealed.

Trust punch ups

Litigation has seen a sharp rise since the credit crunch with beneficiaries questioning their trustees and investment consultants providing context to UHNW clients on investment returns.

Legal, Regulation & Compliance