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

The impact of the new EU mass actions directive across Europe

The growth of mass actions presents increased challenges and risks for businesses, particularly those which provide services or goods to consumers.

FINMA annual media conference: For a stable financial sector

FINMA made a decisive contribution to stabilizing the financial markets in March 2023, when Credit Suisse was threatened with imminent insolvency.

FCA’s warnings on poor financial crime controls

The firms we assess are informed of our findings and supervisory action is taken with those firms based on those findings”.

FCA asks Financial Advisers to review their processes in retirement income support

Some firms had clearly detailed processes, specific training on decumulation and used a range of tools to help illustrate complex information for customers.

ECB and EBA step up efforts to make banking industry data reporting more efficient

The ECB, the EBA, the European Commission and the SRB will all be part of the JBRC

FCA sets out plan for the year ahead

The introduction of the Consumer Duty marked a major shift by setting higher and clearer standards of consumer protection

Convicted money launderer meets confiscation order after imprisonment for failure to pay

This scheme ultimately defrauded consumers of over £4.25 million; on occasions Mr Walker even received monies from investors into his solicitor’s client account.

CS Shareholder Lawsuits: Liechtenstein Law Firm has Surprising Argument

The major bank refutes the lawsuit.

FCA joins other regulators to warn firms on debt collection

This is especially important as many consumers continue to feel the strain from cost of living pressures and risk falling into arrears.

FCA decides on £5.95m fine and industry ban for Nailesh Teraiya in latest cum-ex case

In reality, this was not a repayment of tax as the claim related to shares that did not exist, no dividends had been paid and no tax had been deducted.

Morgan Stanley Wins €1.4 Million French Bonus Spat With Banker Who Quit

The Paris court of appeals ruled against Bernard Mourad, saying the bank’s cash and shares incentive programs “sought to ensure his loyalty in the long term.”

Financial Promotion: U-turn on UK high net worth individual and sophisticated investor exemptions

The changes in the 2024 Order reverse certain amendments made by recent regulations

British government extends deadline for banks to combat rising fraud

By affording banks additional leeway to contact victims and law enforcement, the Government aims to disrupt the complex webs of deception by fraudsters.

Investing in outcomes: a regulatory approach to deliver for consumers, markets and competitiveness

Speech by Nikhil Rathi, FCA Chief Executive delivered at the Morgan Stanley European Financials Conference.

Market resilience, non-bank financial institutions and the central bank toolkit – practical next steps− speech by Nick Butt

Given at ISDA virtual conference on Procyclicality and Margin Practices

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