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

Central Bank probes stockbroker Davy over Anglo bond sale

Multimillion euro settlement made with golden circle developer • Central Bank examining serious allegations over bond trade

Bank regulator warns of big ring-fencing risks on tight deadline

The UK’s big banks are rushing to comply with the legislation, with a cut-off date of 1 January 2019.

Herbert Smith Freehills - Financial regulation update

FCA provides update on regulatory sandbox

Guernsey regulator fines and bans directors for incompetence

Capital Solutions Limited failed to organise and control its internal affairs in a reasonable manner

Uncertainty of Mifid II looms large over wealth managers

Firms wait for regulator to clarify how complex rules will work

Banks to face fines totalling €4.7bn in first three years under GDPR

The report GDPR: Banks, Breaches and Billion Euro Fines forecasts the number of data breaches in the European financial services sector over the next three years and corresponding fines under GDPR.

Regulator Keen to Squeeze Adviser Fees

Fund management fees are falling, could the cost of getting advice be next in line?

Byrne is currently under investigation by the Jersey Financial Services Commission.

KYC obstacles hamper Mifid II preparations

The extended deadline for Mifid II is now only six months away

Dutch regulator fines International Card Services €2.4m

ICS has its own board of directors and a separate banking licence.

Final opportunity to correct offshore tax irregularities before tough new penalties

A new legal obligation will require taxpayers to correct any returns that fail to properly report offshore matters that would give rise to a UK tax liability.

Gibraltar loses landmark lawsuit on EU passporting

Gibraltar has lost a landmark legal battle to be recognised as a separate EU state for tax purposes, in a ruling that deals a further blow to the British overseas territory’s hopes of securing a special status post-Brexit.

FCA defends hard-line asset management study

The UK financial regulator justifies the stance adopted in its asset management market review

Herbert Smith Freehills - Financial regulation update

FCA review on pension lifestyle investment strategies

Barclays braced for outcome of five-year SFO fundraising probe

The SFO will announce the outcome of its five-year probe into Barclays' crisis-era deals with Qatar within days

Important Changes to PSC Register Requirements

It is also worth noting that significant reference is now being made to the Fifth Money Laundering Directive

FCA could compel banks to contribute to LIBOR to 'protect representativeness' of rate

The FCA said that it was not as yet able to finalise the most appropriate methodology for pre-selecting the banks it could compel to contribute to LIBOR in the future.

Herbert Smith Freehills - Financial regulation update

FCA consultation on its powers in relation to LIBOR contributions

asb law turnover up 15% after investing in technology

It has cut costs after it introduced a new legal cloud software, Peppermint.

Pinsent Masons to launch Dublin presence

International law firm Pinsent Masons today announces plans to open in Dublin

Legal, Regulation & Compliance