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

Intesa Sanpaolo not aware of any probe over Rosneft deal

"To our knowledge this transaction is not currently subject to any investigation by the relevant Italian and European authorities," a spokesman for Intesa said.

OJ – EMIR equivalence decisions

The Official Journal of the European Union (OJ) has published Commission Implementing Decisions on the equivalence of the regulatory framework for central counterparties (CCPs). This is in accordance with the European Market Infrastructure Regulation (EMI

Court of Appeal clarifies scope of potential liability under the Misrepresentation Act 1967

The Court of Appeal held that the publication of an investor presentation in a way that actively invites investors to make use of its contents for a purpose other than the presentation's original purpose could create sufficient proximity to give rise

European Supervisory Authorities publish conclusions on automation in financial advice

The ESAs also note that financial advice in general is already addressed in various ways through a number of EU Directives.

Pakistan to exchange bank accountholders’ details with OECD

The FBR is discussing modalities with the banks to set up a system for exchanging information

Draft legislation released on reform to substantial shareholder exemption

The substantial shareholding test would be extended from 12 months in the two years prior to disposal, to 12 months in the previous six years.

Russian dubbed the 'She-Wolf of Wall Street' is arrested in tax scam

Police reportedly saw her glitzy pictures displaying her champagne lifestyle and vast sums of wealth.

Profit replaces risk as big worry among Europe bank regulators

What are the factors affecting the profitability of banks?

Fifth of fund managers plan to charge extra fee for research

A further 13% said they planned to cover the cost of research with a charge to client collected alongside transaction commissions.

Ireland to accuse European Commission of exceeding powers in Apple tax dispute

Ireland is appealing against the order to recoup 13 billion euros

Deutsche Bank to pay to end 'Dark Pool' probe

One focus of the trading-platform probes has been whether the banks withheld information that might have led clients to route orders elsewhere.

Ireland vows to fight EU order to collect $13.5 BILLION in additional taxes from Apple

Ireland is to appeal the EU's ruling that Apple should pay €13 billion in back taxes

Brewin Dolphin buys Belgravia wealth manager

Duncan Lawrie Asset Management is part of Belgravia-based financial services group Duncan Lawrie.

Birmingham Director Banned For Evading HMRC

Neglect of tax affairs is not a victimless action as it deprives the taxpayer of the funds needed to operate public services

PSR kick-starts industry-wide effort to tackle payment scams

The PSR also found evidence to suggest some banks could do more to identify potentially fraudulent incoming payments, and to prevent accounts falling under the influence of scammers.

ESMA Updates MIFID II Q&A On Investor Protection

MiFID II applies from 3 January 2018 and will strengthen the protection of investors by both introducing new requirements and reinforcing existing ones.

UK Regulation round-up December 2016

Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.

Initial advice charges for lump sum investments

The FAMR report said that instalment-based payments could make financial advice more affordable and accessible for some consumers, provided that the terms of the instalment payments were clear and fair.

EBA publishes final guidelines on revised Pillar 3 disclosures requirements

These Guidelines represent a significant step forward in the EBA's effort of improving and enhancing the consistency and comparability of institutions' regulatory disclosures

New York regulator fines Italy's Intesa Sanpaolo US$235 million

Intesa Sanpaolo and its New York branch mismanaged its transaction monitoring system and failed to identify suspicious transactions

Legal, Regulation & Compliance