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

Experts welcome FCA’s business plan priorities but say more action needed

The UK’s Financial Conduct Authority has laid out its priorities for the coming year, with Brexit named as its most immediate focus.

The future of reverse solicitation in the EU in the context of the AIFMD

This flexibility allows promoters to avoid launching projects which would not find favour with investors with the consequent advantage of saving costs and time.

FCA calls for more flexibility in mortgage market

This required greater flexibility in the mortgage space, the City watchdog stated.

OT minister wants to avoid BO confrontation

“We do not believe we will get to the stage where we have to get into some sort of confrontation,”

Next Central Bank governor took aim at ‘harmful’ Irish tax practices

Gabriel Makhlouf is approved by Cabinet as the first non-Irish national to lead the Central Bank in its 76-year history

Guidance on Aspects in Relation to the Economic- Substance Requirements as Issued by Guernsey, Isle of Man and Jersey

The guidance is principles based and therefore, cannot cover specific scenarios and will not replace the need to take independent professional advice.

Answering the call to combat financial fraud

For the purveyors of technology-assisted financial crimes, identity, account access, and payment data are the golden keys that open the door to these organizations’ proverbial bank vaults.

How Guernsey is part of the British financial services family

For 20 years, Guernsey has been at the forefront of developing and meeting evolving global regulatory standards.

Money-laundering crisis reshapes Estonia’s relations with non-resident businesses

“E-residents can then conduct business using an EU company that they can run entirely online from anywhere, with minimal costs and hassle.”

European regulators fear Deutsche Bank U.S. stress test failure

Deutsche Bank's future in the United States, where it opened 40 years ago with just 76 employees before expanding rapidly in 1999 by buying Bankers Trust, is already in doubt.

DNB, Nordnet and Swedbank Robur funds must change names, rules Ethical Committee for Fund Marketing

In its decision, ENF said it had found that the three had failed to implement best practice as defined by the Swedish Investment Fund Association's guidelines for marketing and information.

FCA launches advice market review amid ‘concerns’

The review will consider whether these initiatives have been successful in achieving their objectives and will look at what consumers want from the market and how the market works to deliver this.

FCA Announces Cross Border Tests with GFIN, Most Participants are Blockchain Focused

The FCA noted that a high number of applications were from firms with Regtech and cryptoasset related business models.

Swiss Re to manage Freedom remediation

Under the agreement, Swiss Re, AIA Australia and NobleOak will end Freedom's product development and distribution, and its policy administration agreements.

FSCS announces its final levy for 2019/20 at £532m

The main reasons for the relatively small increase (£16m) between the forecast levy and the final levy are an uplift in the number of claims expected against SIPP operators and an upwards revision to the expected continuing costs in some historic in

Brussels vows to pursue probe into Danske Bank

Commission angered by European Banking Authority’s decision to reject own findings

Thousands of Brits affected by Malta’s pension regulation overhaul

The tougher regulations further enhance client protections, as it is no longer enough for the financial adviser to only be licensed.

Media partnership with LGBT Great

The collaboration will promote and critically assess LGBT+ inclusion through the distribution of exclusive research content and benchmarking objectives.

Estera Comes Under One Roof in Guernsey

The move to the 17,600 sq ft offices at Trafalgar Court in St Peter Port, brings together the 100 members of the Guernsey team under one roof.

KPMG fined £6m and ‘severely reprimanded’ over audit

The Tribunal also made costs orders against all of the Respondents.

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