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

PRA CP on regulatory reporting

This gives firms an opportunity to provide their views on how we regulate industry.

Regulatory reporting: occasional consultation paper

The proposals would result in changes to the Glossary, Regulatory Reporting, Reporting Pillar 2, and Close Links Parts of the PRA Rulebook

BoE completes POC for RTGS Renewal Programme

The Bank has completed a Proof of Concept to understand how a renewed RTGS service could be capable of supporting settlement in systems operating on innovative payment technologies.

SJP claims FCA deemed pension transfers suitable

The probe into SJP pension transfer cases was made in the context of this review.

Guernsey Receives Top Marks For Transparency From OECD's Global Forum

Confirmation from the OECD that Guernsey is Compliant matches the ratings of the other Crown Dependencies.

Under pressure UK taxman facing more High Court challenges

Taxpayers are fighting back against the more aggressive and dogmatic approach being taken by HM Revenue & Customs, according to law firm RPC.

Anti-money laundering crackdown should be more focused on most suspicious activity – Law Commission

Money laundering is estimated to cost every household in the UK £255 a year and allows criminals to profit from their crimes.

Guernsey submits 'hard Brexit' paper to UK

The GDPR maintains the need for robust protections to be in place when personal data is transferred outside the EU a

Bank of England, FCA, PRA and PSR conduct review of Memorandum of Understanding in relation to payment systems in the UK

The Authorities are also making minor changes to the MoU this year to reflect recent legislative changes or other structural changes, or in relation to those changes.

Second cold-call ban consultation released

The government created the power to make secondary legislation to ban pensions cold calling through section 21 of the Financial Guidance and Claims Act 2018, which gained Royal Assent on 10 May 2018.

UK regulatory autonomy, recognition, and a productive economy

The United Kingdom has a unique opportunity to use withdrawal from the EU to grow its economy and become considerably more productive.

Police to get Bitcoin training amid money-laundering worries

Other authorities in the Square Mile are also scrambling to catch up with the cryptocurrency boom.

Italian banker dodges queries on Africa deals

Sources in Washington say Intesa Sanpaolo has expressed interest in entering a co-financing deal with OPIC on the two mega African M&A deals.

Mourant advises on IPO on AIM

Mourant Ozannes has significant IPO experience on AIM and main market listings

FCA publishes Annual Report and Accounts 2017/18

This Annual Report shows that keeping pace with the depth and breadth of developments in financial services can be a challenging balancing act.

EBA publishes final Guidelines on fraud reporting under PSD2

These Guidelines require payment service providers across the 28 EU Member States to collect and report data on payment transactions and fraudulent payment transactions

EBA publishes final guidance to strengthen the Pillar 2 framework

The comprehensive EU SREP framework, which was introduced by the EBA in 2014, is now well established and in use by supervisors across the EU.

Ex-GP hired hitman to kill Brown Shipley adviser, court hears

David Crichton had vendetta against adviser over £300,000 pension loss, court hears

FCA writes to 152 firms over high-risk investments

FCA will continue to monitor the issue, but stopped short of suggesting the regulator will intervene to solve the problem

HM Treasury: Proposed division of responsibilities for EU financial services

At Tresury oral question this week...

Legal, Regulation & Compliance