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

Ogier advises Elian on sale to Intertrust

We know Intertrust shares our belief that our people are our most valuable asset.

Germany, U.K. Reject Softening EU Major Bank Failure Rules

The two countries are home to five of the world’s most systemically important banks, including HSBC Group Plc and Deutsche Bank AG.

Bankers Linked to Tax Evasion Face Tougher Penalties in Denmark

The allegations follow earlier reports that Nordea had worked with Panama-based law firm Mossack Fonseca to help wealthy clients hide their assets from tax authorities.

RBS sued for £145m over its alleged role in huge carbon trading VAT fraud

The claim centres on a so-called carousel fraud in which traders buy and sell goods and so register a VAT charge on the trade, but never actually pay the VAT. When the goods are sold the VAT is then reclaimed.

Why "failure to prevent" will fail to prevent fraud and money laundering

However, what might have worked for bribery will not necessarily do the same for the very different crimes of fraud and money laundering.

Change ‘vastly misleading’ fund rules, EU asked

Consumer organisations and asset managers say the removal of past performance information is bad news for investors.

Italy and France are Urging Caution Over Bank Capital

“The French-Italian initiative at this very delicate stage of the creation of a banking union is a voice calling for caution.

Reverse solicitation rule not catching out asset managers

No single asset manager appears to have yet fallen foul of the rules governing reverse solicitation under the EU’s Alternative Investment Fund Managers Directive although the risk of regulatory sanctions for breaches does still remain.

Law firms held to ransom by cyber criminals

Over a dozen law firms have been held to ransom in recent weeks as attacks by cyber criminals increase.

European Securities and Markets Authority Reports Problems in Merging Blockchain Tech into Existing Financial Markets

Some of these challenges are related to the technology itself.

Solvency II Will Increase Reinsurance Buying Demand: Fitch

Full S2 equivalence also is an important advantage because it simplifies the process of transacting reinsurance with carriers domiciled in countries that are designated equivalent to EU regulations for reinsurance supervision.

Baker & McKenzie receives Hungarian Tax Firm of the Year award

To determine the winners, the ITR researched from a variety of sources.

Inverness law firm swoops for city rival

Alastair and Neil are both very well-known and well-respected lawyers who will be a perfect fit with our established client base.

Jumping the gun - HMRC's increasing trend towards penalties for 'deliberate' errors

It’s a simple error – you pick up the wrong form, fill it in, and send it off to the authorities. In most cases you can fill in a new one, and hey presto – the mistake is rectified. But sadly not when it comes to applying for tax relief

Memorandum of Understanding between PRA and Jersey Financial Services Commission

The purpose of the MoU is to establish a formal basis for co-operation, to facilitate timely and effective supervision and resolution, to identify risks to the financial system and to address emergency/crisis situations, especially in instances which invo

CT Capital fined £2.3m for shoddy PPI complaints handling

Between 2005 and 2008, the group had sold 31,591 regulated PPI policies, receiving approximately £63 million net in commission as a result.

Charity Commission's report provides guidance to trustees on working with professional fundraisers and fundraising costs - Withers

Our Local Heroes Foundation (the 'Charity') was set up to relieve the financial hardship of people who have served in the armed forces and are in need by making grants.

Lawyers, bankers and spin doctors set to rake in an astonishing £235 in fees to sell the London Stock Exchange to the Germans

And it was announced they would seek to make £350million of annual savings through cuts, involving slashing 1,250 jobs.

European Commission Adopts Further Technical Standards Under MiFID II

The second RTS, relevant to the MiFID II Directive, specify the criteria according to which a trading platform will be considered to be material in terms of liquidity.

Deutsche Börse CEO Braced for Regulatory Scrutiny Over LSE Deal

Carsten Kengeter criticizes French government after country’s finance minister and central bank chief raise concerns over the tie-up

1
2
3
…
761
762
763
764
765
766
767
768
769
770
771
…
1036
1037
1038

Legal, Regulation & Compliance