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

Accountancy watchdog launches probe into UK network firm of Baker Tilly International

It noted that the investigation will be conducted by the its enforcement division under the audit enforcement procedure.

New Finma director pours fuel on the UBS fire in his first speech

It made sense that Stefan Walter made his first industry appearance before the small bank symposium.

ESMA Guidelines establish harmonised criteria for use of ESG and sustainability terms in fund names

The Guidelines establish that to be able to use these terms, a minimum threshold of 80% of investments should be used to meet environmental, social characteristics or sustainable investment objectives.

Industry reacts to pensions dashboards delays report

The National Audit Office launched a year-long investigation into the delays in the delivery of the PDP following a request from parliament last summer.

EU Policy. How Europe's most vulnerable are hindered from opening bank accounts

In Romania, around three out of ten people over 15 did not own a bank account in 2021, while in Bulgaria and Hungary the number of unbanked people ranged from 12% to 16%.

Taheer Sardar convicted for providing a forged document to FCA investigators in a £1.3m boiler room fraud investigation

Mr Sardar was interviewed by the FCA as part of an investigation it was conducting into a sophisticated boiler room scam that had defrauded 120 investors of £1.3m.

UK ‘cookie law’ enforcement not dependent on complaints

The fact that no complaints were made to the ICO by individuals who received emails from JTT formed a core component of JTT’s appeal.

A&O Shearman advises on six high yield deals in first week post-merger

Strong market technicals, driven by built-up demand and limited new money supply, pushed spreads down, with several deals pricing inside initial price talk.

Building our societies through lending and savings

They must embrace technology and continue to evolve without losing their community-centred credentials

Record number of local data breaches reported in single quarter

This is the highest number ever reported in one quarter, with 1,536 people affected.

ESMA publishes latest edition of its newsletter

An article showing the correlation between social media interactions and stock excess returns at the very short term has also been shared.

The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation

The RTS on authorisation lay down the information requirements to be included when applying for authorisation to offer to the public or seek admission to trading of an ART

Pensions dashboards rules needed to help firms ‘better support’ consumers

Aegon pensions director Steven Cameron said dashboards have the potential to create a “step change” in pension engagement.

Bank rate maintained at 5.25% - May 2024

Monetary Policy Summary and minutes of the Monetary Policy Committee meeting

Ex-CEO of Shard Capital Partners fined and banned by FCA

The decision following two separate instances of providing incorrect information about clients’ cash

Vistra secures license to deliver fund administration services from Ireland

The license enables us to better serve our clients across Vistra globally, strengthening our foothold within Europe and opening the Irish market so that we can contribute to the growth ambitions of new and existing fund clients.

TPR sets out plan to protect savers amid pensions market consolidation

It said it will support consolidation in the pensions market where it offers value and security to savers.

Withers wins application brought against Accenture in discrimination and unfair dismissal claim

Although Accenture argued Mr Lacy's application did not meet the high threshold necessary for a strike-out or deposit order to be awarded, the tribunal disagreed.

FCA bans and fines James Lewis £120,300 for putting investors at risk

In addition, between June and July 2021, Mr Lewis provided misleading information to a further client purporting that Shard held substantial sums on its behalf.

Police raid 12 call centres across Europe for making thousands of ‘fake investment’ calls

39 fraudsters were involved who cost the victims potentially more than €10m

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