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

FCA's VFM framework unlikely to deliver 'significant step change' in short term

Greer said the lengthy process to reach the consultation launch shows the challenges in achieving consensus on metrics.

FCA progresses framework to drive long-term value for workplace pension savers

The joint framework would be used by pension providers and those making decisions on behalf of savers to provide greater transparency over how schemes are performing.

Freshfields advises BNP Paribas on entering into exclusive negotiations with AXA for the acquisition of AXA IM and a long term partnership in asset management

The signing of the proposed transaction, expected by the end of the year, is subject to the information process and consultation of the employees’ representative bodies.

Unauthorised mortgage broker and others ordered to pay £4m by High Court

The 4 defendants are ordered to pay around £4 million to the FCA.

Mortgage brokers ordered to pay £4m for exploiting vulnerable customers

The defendants, including a father and son, used two unauthorised firms to run their multimillion-pound mortgage scam.

Great Point Investments Limited enters liquidation

Great Point Investments Limited is a Small Authorised UK Alternative Investment Fund Manager.

Unauthorised mortgage broker charged with fraud

Mr Okoh has been charged by the FCA with 3 counts of fraud by false representation and 1 count of carrying on regulated activities without authorisation.

ESMA publishes data for quarterly bond liquidity assessment and the systematic internaliser calculations

ESMA has published the latest quarterly liquidity assessment for bonds available for trading on EU trading venues.

IMF proposes ECB take over Clearstream Banking Luxembourg supervision

This suggestion was part of the “technical note on selected issues in banking supervision.

European regulators say SCA helping to contain payment fraud

Afme outlines digital finance priorities for the new EU policy cycle

At the same time, these opportunities require careful consideration of new risks and challenges introduced by a growing use of AI.

ECB and EBA publish joint report on payment fraud

The report also finds that losses stemming from payment fraud were distributed differently among liability bearers, depending on the instrument or country.

Market reacts to Bank of England rate cut

He emphasised that the BoE has room to cut more than financial markets anticipate, given the tight fiscal policy and cooling labour market.

Macfarlanes advises Hayfin on Arctos-backed management buyout

Macfarlanes advised Hayfin on all aspects of the transaction including corporate, tax and regulatory aspects.

BoE interest rate predictions: Canada Life Asset Management

Services inflation stood at 5.7% in June, missing the MPC’s forecast of 5.1%, which could undermine confidence in cutting rates.

Guernsey poised to benefit from new LSE rules to boost growth and innovation

The UK Corporate Governance Code will apply to the new commercial companies category.

EU legislator strengthens minimum rules on asset recovery and confiscation in criminal

The European legislator is therefore increasingly taking new initiatives to tackle the expansion of organised crime, as well as further steps to strengthen the existing legal framework.

Bank Rate reduced to 5% - August 2024

The recent strength in services inflation had in part continued to reflect more volatile components of this series.

FCA vows to reduce burdens on firms

The regulator is calling on industry to identify rules which could be removed or simplified if they overlap with the Duty.

Prudential Regulation Authority Annual Report 2023/24

This Report is made by the PRA under FSMA 2000 and FSMA 2023.

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