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

Caudwell’s legal battle with Signia founder heats up

With the case set to reach the High Court this week, Signia has now amended its case, according the Sunday Times.

Carey Olsen advises Raven Russia on dual listing

The Carey Olsen team included Partner Ben Morgan and Senior Associate John Scanlan

French Fin Min urges support for Italy's banks

But the EU in recent years has beefed up its rules to stop governments from bailing out lenders, with the aim of breaking a vicious loop between a country's finances and its banks.

No quick fix: UK may have to join AIFMD queue

London's buyout industry should not assume the UK will quickly get approval to market funds in Europe after leaving the EU.

FCA To shake Up Equity Crowdfunding? Regulator Considers Action

But the FCA may be about to step in. Going forward, the regulator has advised that it may require platforms to change the way that fundraising campaigns are displayed.

EU watchdog to probe fund payments in unit-linked schemes

Europe’s insurance regulator has launched an EU-wide review into the market conduct of insurers offering unit-linked life insurance policies.

France Can Lead the Way on Bank-Failure Loss Rules, Koenig Says

The French approach to making sure creditors share the cost of bank failures involves creating a new class of “senior non-preferred” debt designed to smooth the wind-down process by providing legal certainty that the instruments are eligible t

Tycoon jailed for Carbon Tax Scam

All were convicted of aggravated fraud and money-laundering.

DOJ Investigating Facebook for Suspected Irish Tax Dodge

The court filing says the documents relate to an IRS examination of the company’s federal income tax liability for the year ending Dec. 31, 2010.

Lionel Messi Sentenced in Tax Case, but Prison Is Unlikely

He is also unlikely to be imprisoned.

New EU Market Abuse Rules Pose Challenges for U.S. Issuers

These include shares and debt listed on smaller venues, such as the Global Exchange Market of the Irish Stock Exchange, Luxembourg’s Euro MTF Market and London’s Alternative Investment Market, or AIM.

Standard Life’s 1825 imposes portfolio cap on SLI holdings

It is unclear whether such a cap is imposed across other vertically integrated firms.

Eastern Mediterranean expansion: Interlaw adds Rokas and Tohme to global network

Rokas adds 30 lawyers to the network from its office in Athens, where the firm has expertise in the insurance sector.

Clifford Chance Strikes Deal With Artificial Intelligence Provider

Clifford Chance has become the latest firm to sign a deal with an artificial intelligence provider, with the magic circle firm partnering with Kira Systems.

FCA chief hints at property fund rule reform

So far none have, but the picture could change quickly if the panic caused by SLI’s move sparks wider outflows from the asset class.

Banks urged to tackle IFRS 9 implementation in new Wolters Kluwer paper

IFRS 9 updates International Accounting Standards Board guidelines for the treatment of balance-sheet assets and is a replacement for its IAS 39 rubric.

Three former Barclays bankers found guilty over Libor rigging

They had denied wrongdoing in a 14-week jury trial at Southwark Crown Court.

UBS Says Ordered To Provide Swiss Tax Agency With French Tax Information

"The request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and 2008," UBS, Switzerland's biggest bank, said in a statement.

Ashurst joins forces with Axiom to help banks meet new regulations

It will then proceed to create new documents aligned to changes in variation margin rules and derivatives requirements.

Ex-Barclays trio found guilty of Libor rigging

The Serious Fraud Organisation, which led the investigation, has 14 days to submit for retrial of Contogoulas and Reich.

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