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

Tullett Prebon gets FCA approval for ICAP deal

The Competition and Markets Authority gave the green light to the deal after ICAP agreed to sell its UK oil brokerage operations

ECB offers bankers, investors leeway

The ECB gave no specific examples of where the new guidelines would apply among European banks.

London banks eye Frankfurt move: German ministry

Rivalry among leading European cities to lure banks from London is intensifying, with Dublin and Paris also looking to attract high-value financial jobs.

Nordic, Dutch banks warn Basel committee capital rules jeopardise growth

The result would be a very large increase in capital requirements for banks in the Nordic region and the Netherlands

Brewin and Charles Stanley told to ‘significantly' open up

The pair were among 40 firms listed as tier three signatories in the Financial Reporting Council’s Stewardship Code.

EBA consultation on revised standards on supervisory reporting

The European Banking Authority (EBA) has launched a consultation on revised implementing technical standards (ITS) on supervisory reporting.

European Commission sets up an internal Task Force on Financial Technology

The work of this Task Force builds on the Commission's goal to develop a comprehensive strategy on FinTech.

Ex-Rabobank trader turned U.S. cooperating witness spared prison

Robson, who pleaded guilty to a conspiracy charge in August 2014, in court apologized for his actions.

HMT - rules on ensuring the effective functioning of a financial market infrastructure special administration regime

Since the financial crisis, the government has made extensive reforms to financial regulation to address the problem of banks being “too big to fail”.

MoU between FCA and PBOC

The MoU sets out how the parties plan to share and use information to promote innovation in their respective markets. The MoU is dated 11 November 2016.

CSDR – delegated regulations

The European Commission has published the following six legislative acts to implement specific provisions of the Central Securities Depositories Regulation (CSDR):

Finnish Expats In Portugal Face Higher Taxes

The tax agreement restricts Finland to taxing the pension income of Finnish expats in Portugal

Private sector expansion slows down, Bank of Scotland report shows

The stagnation in new order intakes followed a marginal expansion the previous month.

Fund Managers Held To Account By U.K. Regulator On Stewardship

The quality of engagement between major investors and large companies has improved following the introduction of the Stewardship Code

Brooks Macdonald signs deal with Dubai-based Abacus

The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.

Italian Regulator Investigates Bank Branches Diamond Sales

Several banks sold diamonds as financial products in bank branches at twice the market price

Ex-BHS boss Dominic Chappell 'arrested over unpaid tax'

The former bankrupt who bought BHS from Sir Philip Green for a pound has been reportedly arrested over unpaid tax.

RBS chairman calls for transistional Brexit deal for banks

Cutting off London's financial services from Europe risks destabilising "the whole of of the European financial markets", said the bank boss, who was opposed to Brexit.

The Financial Services and Markets Act 2000 (Early Exit Pension Charges) Regulations 2016

The Regulation specified those charges that are not to be treated as early exit pension charges for the purposes of an FCA cap on early exit charges on individuals who seek to access their pension before their selected retirement date.

Esma finalises advice on financial benchmark rules

Benchmarks lie at the heart of financial markets as they help to price assets and measure the performance of investments.

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