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

Haynes and Boone CDG Launches New Corporate Practice in London

This is the latest London hire for Haynes and Boone CDG, which was formed via a merger last year.

Bond Dickinson and Womble Carlyle approve transatlantic combination to create Womble Bond Dickinson

The agreement represents a union of like minds that will champion the domestic and international ambitions of clients with a continued emphasis on local, regional and national legal services

FCA bans Strategic Wealth's UK arm from pensions business

It also must not dispose of, or in any way diminish, the value of its assets without the regulator’s prior approval.

EU agrees new venture capital rules in CMU regulation spree

The new rules will also make cross-border marketing of the funds cheaper, and simplify registration processes.

Madoff Lawsuits Trail Hollywood as First Case Reaches EU Court

The EU case deals with an executive at LuxAlpha, the Luxembourg fund that has been most closely linked to Madoff.

FCA orders adviser to stop pension business

The FCA has also placed asset retention restrictions on the firm, meaning it cannot dispose of, deal with or diminish the value of its assets without the FCA’s consent.

IQE becomes first Isle of Man member of TISE

IQE Securities Sponsor Services Limited is a wholly owned subsidiary of IQE Limited, the international fiduciary services provider.

Estera continues expansion plan with acquisition

Mark Huntley, CEO of HFSG, commented on the acquisition: ‘This transaction marks a significant development for Heritage, our clients and employees.

Zurich offers adviser support ahead of UAE regulatory changes

Zurich FutureReady is a programme that we have devised to help business owners and advisers navigate the changes that are coming in the UAE market.

Lloyds Banking Group has agreed a huge deal outsourcing nearly 1,500 tech jobs to IBM

It claims jobs will initially be based in Copley and Edinburgh but will then be outsourced to India

Royal Bank of Scotland reaches £200m settlement with investors

The offer of 82p per share to those who took part in a rights issue in 2008 means former chief executive Fred Goodwin will not appear in court

FCA issues Welsh advice firm with skilled person review

This does not always mean the FCA believes there will be redress owed to clients when it places these restrictions.

Banks in Asia hit by long arm of EU’s Mifid 2 rules

European investor protection rules set to push up compliance costs elsewhere

ESMA Final Report on MiFID II Product Governance Requirements

The rules originated from an existing FCA regime

BVI's new beneficial ownership regime scheduled to take effect on 1 July 2017

This update is based on the latest available draft legislation on BOSS and other information made available by the BVI Government to the industry.

Lloyds investors to go ahead with £350m lawsuit despite Royal Bank of Scotland stance

We want justice and for people to be held to account.

Deutsche Bank will not facilitate Trump’s Russia investigation

The German lender was fined $630 million in January for organizing mirror-trading operations that could be used to launder Russian money.

Bank of Portugal attacks EU bank measures

Portuguese banks in 2012 were obliged to restructure their businesses in line with plans approved by the European Commission.

IoM considers changes to commission disclosure rule

The change is likely to be announced in response to industry feedback to the consultation on the latest draft, which ends 16 June 2017.

Regulatory Change Identified as the Key Driver for Fixed Income Market Structure Change in Europe

Despite this, there is clear progress being made and the industry appears keen to take advantage of the additional data soon to be available in the market as a result of the regulation

Legal, Regulation & Compliance