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

The once brightest and best need to wise up and listen

A chill has descended on international commerce that Davos will not easily shrug off

IOSCO statement on disclosure of ESG matters by issuers

The statement does not supersede existing laws, regulations, guidance or standards or relevant regulatory or supervisory frameworks in specific jurisdictions, or any IOSCO Principles1

Fraudster jailed for 8 years over £2.4m carbon credit con

Victims of Harman Royce would receive telephone calls from ‘brokers’ of the company, who, often using fake names, would persuade them to invest in voluntary emission reductions (VERs); a type of carbon credit.

Lighthouse exits master trust market

Lighthouse says Smart is expected to submit its application to TPR imminently.

So, HSBC, where’s our compensation?

The ombudsman ordered the bank to pay up after a mortgage fiasco — but it did not

ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources

The source said the ECB would not be able to take any action because the officials in charge at the

Italy's Carige could get green light for state-backed bond issue soon: minister

The move marked a major about-face by Italy’s ruling coalition, which has criticized previous governments for intervening to help troubled banks.

Royal Bank of Scotland outlines plan to reduce taxpayer stake

Shareholders in the bank will vote on the special resolution on February 6.

Germany steps up work on potential Deutsche-Commerzbank tie-up

Finance ministry asks for regulator’s analysis of a merger between major lenders

New EU rules electrify fixed income trading volumes: survey

Credit volumes on electronic platforms jumped 39 percent to $4 billion over the same period, it found.

Lloyds secures Berlin bank licence as part of Brexit preparations - source

With only 71 days to go until the planned March 29 departure, Britain’s banks are forging ahead with plans to ensure they can keep serving customers in the EU

2019 Financial Services Policy Outlook

Chairwoman Waters sees it as her mission “[t]o bring accountability to the Trump administration and the regulatory agencies under the Committee’s jurisdiction, including the Consumer Financial Protection Bureau” (CFPB).

A supervisory perspective on 2019 and beyond

When Brexit happens it will bring considerable changes for banks, markets and supervisors in more ways than one.

New compliance facility introduced for diverted profits tax

Guidance has been issued on how to use the facility

Seven awkward questions

This is entirely appropriate, but is not the same as saying we should have a weak prudential regime for smaller firms

IOSCO issues good practices to assist audit committees in supporting audit quality

The good practices report can assist audit committees in considering ways in which they may be able to promote and support audit quality.

Product governance rules high on UK regulator’s agenda

The FCA’s focus around Mifid II in 2018 was on cost and charges

ECB tightens conduct rules for policymakers and bank watchdogs

Policymakers will not be allowed to make market-sensitive remarks at closed-door events unless their speeches are published in real time or if the event is covered by the media.

Fraudster's advice firm declared in default

An investigation by the City of London Police's Fraud Squad found that between 2005 and 2017, 49-year-old David had been running a Ponzi scheme through HBFS.

ESMA Reports on Accepted Market Practices Under Mar

The report includes ESMA’s views on the application of AMPs together with recommendations to National Competent Authorities.

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