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

ECB policy affects Eastern European economies – Bank of Italy paper

Colabella looks at data from 2004, before the ECB adopted quantitative easing policies, to 2016. He uses the “shadow interest

Intertrust to acquire ABN AMRO's Escrow and Settlement business

Transferring ABN AMRO's Escrow & Settlement business to Intertrust is in line with the bank's strategic focus on its core banking activities

Deferred Prosecution Agreement in the U.S. resolved

Since Julius Baer fulfilled its obligations under the DPA, the U.S. Attorney’s Office for the Southern District of New York filed a motion to dismiss the charges.

FCA approach to MiFID transparency calculations

Full details will be provided then, but the powers were provided to us to help avoid significant short-term disruption in a no-deal scenario.

ECB Banking Supervision conducts sensitivity analysis of liquidity risk as its 2019 stress test

ECB Banking Supervision will test adverse and extreme hypothetical shocks in which banks face increasing liquidity outflows.

FCA warns public of investment scams as over £197 million reported losses in 2018

The most common scams reported involved investments in shares and bonds, forex and cryptocurrencies

ICMA guide to due diligence requirements under Securitisation Regulation

The obligation to provide the information is on the originator, original lender or SPV. Failure to do so can result in administrative sanctions, remedial measures (including financial) and may also carry criminal sanctions.

Political agreement reached on EMIR Refit Regulation

This regulation was adopted in 2012 following the financial crisis to better manage and monitor the risks arising from derivatives markets for financial stability.

Law firm Blackadders ramps up Aberdeen presence with merger

The merger underpins Blackadders’ investment in people and our business infrastructure to reinforce our position for continued, strategic growth.

ESMA sets out use of UK data in ESMA databases under a No-Deal Brexit

ESMA’s statement aims to inform stakeholders on the approach it will take on all ESMA IT applications and databases.

Political agreement reached on cross-border distribution of investment funds

This will lead to more choice for investors, at lower costs - an important milestone for the Capital Markets Union.

Manraj Virdee sentenced to 2 years for illegally operating an investment scheme and fraud

The sentence followed earlier guilty pleas to 4 charges relating to misleading consumers, fraud and the illegal operation of an unauthorised investment scheme worth over half a million pounds.

The Importance of Diversity

Speech by Andrew Bailey, Chief Executive of the FCA, at the PIMFA Wealth of Diversity Conference 2019.

ESMA agrees no-deal Brexit MOUs with the Bank of England for recognition of UK CCPs and the UK CSD

ESMA has previously communicated, in its public statements of 23 November and 19 December 2018

CBI Brexit update on location requirement for directors and designated person

Central Bank of Ireland's Brexit update on location requirement for directors and designated persons of fund management companies

UBS gets approval to move some U.K. jobs to Germany amid Brexit

UBS — which said it was forced to take the move because of the U.K.'s plan to leave the European Union — is the latest bank to go to court for permission to activate Brexit plans, with the country's scheduled departure now just weeks

Draft EU Exit legislation relating to the financial services framework between the UK and Gibraltar

Updated with ‘The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019

Industry scheme prevents £38m of fraud

The Banking Protocol trains bank staff to spot when someone is about to fall victim to a scam in order to prevent them from withdrawing cash to give to a fraudster.

Swiss court rules against Julius Baer in East German assets row

Julius Baer has said previously that it is contesting the claims of the German government agency and has taken measures to defend its interests.

Latvian financial regulator: banks now focused on domestic market

The head of Latvia's financial regulator, the Financial and Capital Markets Commission said February 5 that a huge overhaul of the banking system was now "in a closing phase"

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