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

PwC: Just 2% of asset managers have 'robust' risk controls

PwC suggests the findings show a disconnect between asset managers and their custodians in terms of understanding their roles, responsibilities and priorities.

More countries sign up to beneficial ownership transparency

Panama Papers The moves follow a string of transparency measures proposed in the wake of the Panama Papers scandal which involved the leak of millions of documents from Panamanian law firm Mossack Fonseca.

Vulture fund swoops on fraudster Breifne O'Brien

Some of the loans were in the names of high net worth individuals and many of professionals who borrowed during the boom.

Ogier wins IFLR ‘High Yield Deal of the Year’ Award

Ogier worked closely with Latham & Watkins who advised the lenders and initial purchasers on English law and New York law issues for the transaction, which completed in December 2015.

German Government MP Warns Of Damage From Brexit

Jens Zimmermann says Germany would lose balancing force if Britain left EU

Anglo American Pay Revolt As 41% Oppose Remuneration Report As It Happened

Germany has responded to the earlier comments from ECB president Mario Draghi.

HK Regulator In Talks With EU Markets Over Mutual Fund Recognition

Hong Kong’s securities regulator is in talks with certain European markets over the possibility of mutual fund recognition.

Fca and Royal London clash over long-term savings market

Independent governance committees interestingly are not a compeition tool, they are an alternative to competitive tool.

Online challenger Masthaven Bank secures banking license

It will also build on the experience of parent company Masthaven Finance to provide specialist mortgages for UK borrowers who might struggle to get loans from the big, established lenders.

Debevoise Advises AmTrust in Agreement to Acquire ANV Holding B.V. for $218.7 Million

Pending regulatory approval, both parties expect the deal to close in the third or fourth quarter of 2016.

Allen & Overy advises on largest post-crisis RMBS transaction

Allen & Overy advised Morgan Stanley as arranger and the joint lead managers.

The Bank of England needs to speak up on Brexit

Only by producing a leave and remain forecast will the bank show it is taking its mandate seriously

Asset Management Team of the Year: Simmons & Simmons

The practice was also brought on board to advise the London branch of Commerzbank as the fund manager of the first UK-domiciled exchange-traded fund on the London Stock Exchange for the China Construction Bank.

FCA asks advisers for year's worth of recommendations

The FCA has also asked IFAs whether they record rebalancing investments as part of personal recommendations that would fall on the advice register.

ICBC Standard Bank selects Fenergo Client Lifecycle Management platform

By implementing Fenergo’s Client Lifecycle Management solution, ICBC Standard Bank will benefit from a highly optimized process that ensures global compliance and improves operational efficiencies.

Supreme Court judgment on what is a "collective investment scheme"

The UK Supreme Court has held that activities related to sales of individual plots at six possible development sites in various parts of the United Kingdom amounted to a collective investment scheme under section 235 FSMA. In so doing the Court affirmed t

EDCAB leads discussions as industry and policymakers come together to discuss future of virtual currencies and blockchain in Europe

This is an important step in building legitimacy for the sector and industry agreed on the need to be transparent about how they manage risk and work with policymakers to educate and build public confidence.

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