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

Société Générale in Partnership with Rugby Africa

Rugby Africa is one of the six regional associations of World Rugby, the international body that oversees the organisation of the Rugby World Cup.

€17bn pension provider vows to scrutinise firms over tax payments

Fels pointed out that some of PenSam’s members worked its social and heath assistants in a tax-financed welfare sector.

HMRC chases tax avoiders overseas

The search for those who owe money has been extended to countries as far afield as Australia and Madagascar

European bank eyes Philippines operations

Several foreign banks have shown interest to open either a branch or subsidiary in the Philippines

Brexit Update: Further clarity received from the Central Bank of Ireland

The ESMA MoU satisfies both of the requirements noted above in relation to delegation under the UCITS Regulations and AIFMD Regulations.

Millions at stake in wrangle over Malta firm

Russian shareholder accused of €13m credit fraud

Mifid II caused 'shakeout' of research providers

Of the investment professionals surveyed 57 per cent of portfolio managers reported sourcing less research from investment banks than before MiFID II, with research providers feeling the squeeze of a more competitive market.

FCA: Firms publish new and updated data on current account services

We required firms to publish new data showing how long it takes each firm to open a current account for new customers

EU Council announces agreement reached on banking risk reduction package

The agreement also introduces amendments to improve cooperation between competent authorities on matters related to the supervision of anti-money laundering activities.

EU and Global Securities Regulators Welcome Asgreement on Data Transfer

ESMA and IOSCO members who exchange personal data on a regular basis will now take the necessary steps to enter into the arrangement.

Arrest of Michael Calvey, an American investor, shocks Russia’s business community

Yet more damage is done to the country’s image as an investment destination

SIMON LAMBERT: Look after the boss's pension or they won't look after yours - how squeezing high-earners backfired

When the directors’ pension pots hit just over £1million, or their annual payments in hit £40,000, they end up with a tax headache that means there is little point in them remaining in the company retirement scheme.

Compenswiss moves to tackle mounting cashflow problem

Switzerland’s federal social security office has calculated that the AHV/AVS fund, which is for first pillar pensions, will run out of assets by the end of 2030 if no measures to address the funding imbalance are adopted before then.

Market abuse requires a dynamic response to a changing risk profile

A number of these judgements are extremely time sensitive and it is my suspicion that this pressure of time will only increase.

EU cross-border payments outside Eurozone: MEPs scrap excessive fees

Transparent currency conversions for card-based transactions and bank transfers

UK and Canada forge closer fintech ties

Renewing this MoU will help us to encourage greater innovation and ensure ongoing cooperation between the UK and Canada.

No-deal Brexit may disrupt ESMA’s MiFID thresholds

Maijoor added that in no-deal Brexit, from that date, no new UK data will be collected by ESMA

EU adds Saudi Arabia to dirty-money blacklist, upsets Britain

Apart from reputational damage, inclusion on the list complicates financial relations with the EU.

Libor Is Being Overtaken: Will It Be A Car Crash?

It analyses the four markets most affected by the discontinuation of LIBOR

FCA accused of not taking responsibility

Nor does it include a glossary of consumer friendly terms and Mr Bussy said this means individual fund houses will be confused about how to do it.

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