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

Asset finance lender granted banking licence

Specialist lender Private & Commercial Finance Group has been granted a banking licence by the Prudential Regulation Authority and the Financial Conduct Authority.

Brexit: London banks 'in advanced stages' of shifting operations to Paris

Regulator says companies have already conducted due diligence to move operations to French capital.

Regtech: still much to learn about how it can help

Greater use of technology is expected to help firms get ready for Mifid II

French central bank sees 2016, 2017 growth of 1.3 percent

The Bank of France said on Friday in its biannual economic outlook.

Bank Of Ireland To Buy Investment Firm With €100m On Books

A signal of intent by Bank of Ireland to push further into wealth management

FCA gets tough on retail CFD sector

FCA's new measures aim to reduce the risks posed by CFDs and ensure that firms provide better information to customers

King & Spalding accounts for London and France show revenue up 11%, while profit dips 10%

There was also a continued increase in partner headcount, rising by 30% from 23 in 2014 to 30 in 2015.

Banks want to stay under EU law for up to five years after Brexit

Financial institutions say a lengthy transition period is 'important in order to avoid potential damage to the 'real economy' that is reliant upon uninterrupted access to financial services'

Italy awaits ECB verdict on Monte Paschi rescue delay

A financial crisis in the euro zone's third-biggest economy would also risk creating contagion across Europe, a region already reeling from Britain's decision to leave the EU.

UK and Hong Kong regulators agree deal to cooperate on fintech

The FCA or HKMA both intend to assist the innovator businesses in understanding the regulatory regime

Herbert Smith Freehills - Financial regulation update

The Bank of England and Financial Services (Consequential Amendments) Regulations 2017

HKMA and UKs FCA enter cooperation agreement to foster fintech

The FCA and the HKMA have entered into a Co-operation Agreement to foster collaboration in promoting financial innovation.

MiFID II – Product Governance Provisions - Farrer & Co

This briefing focuses on the proposed product governance rules set out in the FCA's third MiFID II implementation consultation paper and its impact on firms.

Verdict expected in French budget minister's tax scandal

The scandal fueled public mistrust of traditional politicians and demands for more transparency

Payout law change call as Ponzi scheme victims hit by delays

Claims amounting to close to €20m have been made but no compensation has been paid out by the Investor Compensation Company

France's honest tax system crusader convicted for hiding millions of euros

Jérôme Cahuzac, appointed by Hollande to lead clampdown on wealthy avoiders, hid cash in a secret Swiss account for 20 years

Whistleblowers need greater legal protection

The overriding theme is clear - times are difficult, mistakes have been made and businesses and individuals have a duty to do the right thing.

UN Rapporteur Urges France Not To Extradite Kazakh Dissident Tycoon To Russia

The French government approved Ablyazov's extradition to Russia in September 2015. Ablyazov appealed the decision.

Ultra-Low Rates to Grip Europe ‘a Very Long Time,’ Denmark Says

The ECB is expected to deliver a fresh round of stimulus on Thursday, according to almost all economists in a Bloomberg survey.

Herbert Smith Freehills - Financial regulation e-bulletin

FCA – consultation on rules for firms providing CFDs to retail clients

Legal, Regulation & Compliance