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

ESMA and Bank of England conclude a revised MoU in respect of UKbased CCPs under EMIR

This action follows the recent European Commission decision to extend the equivalence for the UK CCPs for a period of three years until 30 June 2028

First FCA enforcement action and fine against a Recognised Investment Exchange

The FCA acknowledges the work undertaken by LME since March 2022 to enhance and strengthen its controls.

Reaction as Bank of England holds interest rates at 4.5%

The bank has a very challenging economic environment, with growth having slowed but inflation pressures remaining elevated.

A&O Shearman advises joint lead managers on U.S. supranational bond issuance under Luxembourg law

This transaction aligns with the growing trend of issuing digital bonds and marks the second supranational digital bond issuance by Multilateral development bank (MDB) IADB.

BlackRock drops sustainability-related terms from 56 funds ahead of ESMA deadline

Fellow US manager Federated Hermes also adjusts names, exclusions for ESG, SDG and biodiversity funds.

FCA declines Zeux Limited’s crypto registration citing significant risk of harm

The application, submitted in June 2022, showed that the firm had failed to implement anti-money laundering controls and carry out effective risk management.

Bank of England statement on the European Securities and Markets Authority’s decision regarding EU recognition of UK central counterparties

The Bank of England welcomes the decision of the European Securities and Markets Authority to extend the existing EU recognition of UK central counterparties.

ABN Amro faces potential fine from Dutch Central Bank over bonuses

Additionally, executive compensation at these banks cannot increase faster than wages set by the industry-wide banking collective labor agreement.

FCA bans and fines Crispin Odey £1.8m

The founder of Odey Asset Management has been fined and banned for showing ‘reckless disregard’ for governance.

Fifth individual charged over suspected water investment scam

John Dobbs will appear before Southwark Crown Court on 25 March 2025.

FINMA approves 1,500 trustee, portfolio manager licences to date

It received more than half of the applications in the last four months of the three-year transitional period

Singapore Tightens Employer of Record (EOR) Regulations: What Overseas Employers Need to Know

Companies expanding into Singapore must now establish a local entity or explore alternative employment solutions.

Statement from Nikhil Rathi, Chief Executive of the FCA, in response to the Government’s announcement on the future of the Payment Systems Regulator

Doing so is a natural next step following recent work to improve co-ordination and clarity on regulatory responsibilities.

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Legal, Regulation & Compliance

ESMA and Bank of England conclude a revised MoU in respect of UKbased CCPs under EMIR

First FCA enforcement action and fine against a Recognised Investment Exchange

Reaction as Bank of England holds interest rates at 4.5%

A&O Shearman advises joint lead managers on U.S. supranational bond issuance under Luxembourg law

BlackRock drops sustainability-related terms from 56 funds ahead of ESMA deadline

FCA declines Zeux Limited’s crypto registration citing significant risk of harm

Bank of England statement on the European Securities and Markets Authority’s decision regarding EU recognition of UK central counterparties

ABN Amro faces potential fine from Dutch Central Bank over bonuses

FCA bans and fines Crispin Odey £1.8m

Fifth individual charged over suspected water investment scam

FINMA approves 1,500 trustee, portfolio manager licences to date

Singapore Tightens Employer of Record (EOR) Regulations: What Overseas Employers Need to Know

Statement from Nikhil Rathi, Chief Executive of the FCA, in response to the Government’s announcement on the future of the Payment Systems Regulator

New PFS guidance consolidates resources for Consumer Duty compliance

EU carbon market: more to come

‘Victory for common sense’: industry praises U-turn on name and shame plans

FCA publishes findings of the private market valuation practices review

Irish trust registration system goes live

M&G gains approval for private credit LTAF

Guernsey representatives highlight significant value of Channel Islands to the EU