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

Central Bank Action Could Send Oil Higher

It will be the first rate cut in a decade, and arguably provides evidence that the central bank tightened a bit too quickly last year.

EIOPA consults on the draft Opinion on the supervision of remuneration principles in the insurance and reinsurance sector

EIOPA's task is to ensure an effective and consistent level of supervision to guarantee a similar level of protection for policyholders and beneficiaries at the European level.

Jones Day suspends London partner for sexual harassment

The claimants described how Jones Day’s "fraternity culture" led to women being passed over for promotion in favour of mediocre men, and how they were treated like "sex objects".

UK and Switzerland reach ‘no-deal’ Brexit labour agreement

Means business as usual for financial services firms in both countries

Series of nominations for Carey Olsen at Citywealth IFC Awards 2020

Now in their ninth year, the awards were established to highlight the excellence of the advisers and managers in the private wealth sector

Carey Olsen on offshore shortlist of three for Chambers High Net Worth Awards 2019

The awards take place at the Underglobe in London on Thursday 3 October.

Jersey’s Domestic Legal Framework and Tax Regime Receives OECD Support

This latest endorsement follows the introduction of new substance legislation by the Jersey authorities last year which successfully met the requirements of the EU Code of Conduct Group.

European Commission Calls for Tougher Action on Money Laundering

One of the four reports is intended to serve as a “post-mortem” analysis of suspected money laundering

European Commission calls for better implementation of rules on money laundering and terrorist financing

Fight against money laundering and terrorist financing: Commission assesses risks and calls for better implementation of the rules

PSR publishes detailed research into how people and business access cash

It is important that everybody in the UK can choose how they make their payments, in a way that works best for them.

EBA opinion on the relevance of ML/TF concerns to prudential supervision

Money laundering and terrorist financing (ML/TF) can have a significant, adverse impact on an institution's safety and soundness.

Football added to EU money-laundering risk list

Freeports among concerns as Brussels admits weaknesses in fight against illegal flows

Facebook to Pay $100 Million for Misleading Investors About the Risks It Faced From Misuse of User Data

Facebook has agreed to pay $100 million to settle the charges.

Navigating Economic Substance

The requirement to show Economic Substance is primarily aimed at preventing what is called “base erosion and profit shifting”.

Cyprus: Financial Action Task Force Guidance on Risk-based Approach for Trust and Company Service Providers

The Guidance is aimed at TCSP practitioners, countries and their competent authorities

Former HMRC employee among brothers sentenced for money laundering

Efzal Yaqoob laundered £21,630 of the stolen VAT through his personal bank account between July 2012 and August 2014.

FCA 'Dear CEO' letter

The letter sets out the FCA's view of the key risks of harm that such firms pose to their customers

BCBS and IOSCO extension

The Basel Committee and IOSCO expect that covered entities will act diligently to comply with the requirements

Final implementation of the new EU Prospectus Regulation

The Regulation has direct effect in the UK (and all other member states).

Central Bank Thematic Review of Closet Indexing

The Central Bank has completed specific follow up engagements with an initial group of 62 funds

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