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

FSCS declares IFA in default following FCA restrictions

The FCA did say the firm could continue with advising on mortgages and general insurance

FCA pays advertising giant £400,000 for PPI deadline campaign

PPI complaints make up around 35 per cent of complaints to the Financial Ombudsman Service

Head of Barclays Japan questioned in Libor probe

Serious Fraud Office interviews former group treasurer in fresh inquiry

Portugal's BPI cedes control of Angola's top bank

The 28 million euro ($29.7 million) sale of the two-percent stake allows BPI to reduce its exposure to Angolan government debt, which the ECB deemed too risky under new European banking laws that came into force in 2015.

Deutsche bank said to eye private equity help in settlement

One option it’s reviewing is to instead lend to firms like Lone Star Funds, which specialize in buying bad mortgages from government auctions and lowering consumers’ obligations. Amanda Williams, a spokeswoman for Deutsche Bank, declined to co

Stephenson Harwood picks up three partner PE team from KWM

The trio of partners are expected to take with them as many as six associates and two trainees.

ABN Amro pension plan still wary of hedge funds' secrecy

Hedge funds tend to be guarded about their holdings and internal workings

DWF continues international expansion with French merger

Legal business DWF has merged with Heenan Paris, an established office in Paris with an international outlook. Four partners from Heenan Paris have joined DWF as part of the merger.

Prices rise and businesses grow, but ECB probably not for turning

It also means the ECB could hail the latest reading as evidence that its ultra-loose monetary policy is finally driving inflation towards its target of almost 2 percent.

ESMA updates its Market Abuse Q&A - European Securities and Markets Authority

How the value of gifts, donations and inheritances is to be calculated for the purpose of the notification and disclosure of managers’ transactions under Article 19 of the MAR.

Covestone Asset Management acquired by Bank of Ireland

Company founded in 2008 has 150 investors and assets under management of €100m

Deutsche Bank settles tax fraud suit for $95 million

The government had sought as much as $190 million in taxes, penalties and interest.

Should MiFID II be your New Year’s Resolution?

Each of these regulations is complex and will demand a great deal of time and resources to achieve compliance within the strict deadlines imposed by the various regulatory bodies.

Ex-Barclays Trader Admits Conspiracy to Rig Currency Prices

Separately, the Federal Reserve Board said it banned Katz from the banking industry.

Herbert Smith Freehills - Financial regulation update

EIOPA – information on the use of limitations from regular supervisory reporting

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Penalties for lawyers who enable tax evasion come into force

The UK is one of the first countries in the world to introduce this power, which was originally announced at Budget 2015 and legislated for in the Finance Bill 2016.

Malta's stand on anti-money-laundering rules is 'in line with EU' - OPM

Centralised company registers will now detail who ultimate beneficiaries are

Crowdfunding interim FCA report: a sigh of relief for investment-based crowdfunding, bated breath for loan-based crowdfunding

The FCA is concerned that, in practice, wind-down plans for loan-based crowdfunding platforms may not work as expected

Sweden introduces pro-whistleblowers law

Swedish culture generally avoids open criticism of one’s peers and the new system will offer a framework in which people can voice individual views.

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