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

UK leverage ratio

This includes Basel III and the European Capital Requirement Regulation (known as CRR2) currently under negotiation.

Adoboli Deported to Ghana

Adoboli had been arrested on Monday in Glasgow and sent to a detention center in London pending extradition.

Denmark to consider curbs on convicted investors after tax fraud

As inquiries into so-called dividend stripping gather pace around Europe, Danish authorities have already subpoenaed more than 420 companies and people they suspect of involvement, freezing hundreds of millions of euros of assets around the globe.

FCA to change way it calculates fees

The CP applies to all FCA fee-payers and SFGB levy-payers

Islands respond to Brexit developments

In addition, Jersey’s Minister for External Relations has welcomed the UK Prime Minister’s statement on the Withdrawal Agreement.

CivilisedBank Ready To Reapply For Banking License

As part of its plan, the company has resubmitted its banking license to regulators, according to CEO Mark Stephens.

ESMA publishes MIFID II supervisory briefing on suitability

The purpose of this supervisory briefing is to promote common supervisory approaches and practices in the application of the MiFID II suitability rules.

Beaufort Securities clients get their cash back

Last week a further 350 Beaufort clients, who are mostly in Wales, were also reunited with their money through AFH Private Wealth after it bought the client book of Beaufort's Colwyn Bay office.

Financial Reporting Advisory Board terms of reference

This document details the terms of reference for the Financial Reporting Advisory Board

FCA bans debt management director over £7m consumer loss

The Financial Conduct Authority (FCA) has today banned Darren Lee Newton from working in the financial services sector. The FCA discovered Mr Newton used customers’ money for the purchase of the debt management firm, First Step Finance Limited. This

Danske Scandal Could Involve US Banks

Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states.

The temporary permissions regime for inbound passporting EEA firms and funds – our approach

The temporary permissions regime will enable relevant firms and funds which passport into the UK to continue operating in the UK if the passporting regime falls away abruptly when the UK leaves the EU.

ECB publishes final guides for banks on their capital and liquidity management

Banks are expected to assess the risks they face and, in a forward-looking manner, ensure that all material risks are identified, effectively managed and covered by adequate capital and liquidity levels at all times.

Supreme Court Rules Against Barnardo's Switching to CPI

Barnardo's submissions were unanimously refused by the Supreme Court

Rabobank explores sale of U.S. retail, wealth operations: sources

The sources said that the business up for sale is part of Rabobank N.A., the California-based unit of the bank

Financial services legislation under the EU (Withdrawal) Act 2018

HM Treasury’s programme of secondary legislation to ensure that the UK continues to have a functioning financial services regulatory regime in all scenarios, when the UK leaves the EU in March 2019.

Draft Money Laundering and Transfer of Funds (Information) (Amendment) (EU Exit) Regulations 2018

Draft text of a statutory instrument, which will make amendments to anti-money laundering law (the Money Laundering Regulations 2017; EU Funds Transfer Regulation; and Oversight of Professional Body AML Supervision Regulations 2017), to be laid under the

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