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

No penalty without clarity

There arose a dispute concerning Wintermute’s compliance with O1 and Terraform requested that the Senior Master make O2, in which Wintermute were ordered to comply with O1 on pain of a penal notice.

Compliance breaches at Bank of England remain high despite 'good progress'

NAO report

Pension funds to disclose level of UK investment under reforms

The government said this makes it difficult for policymakers and savers to understand where investment driven by auto-enrolment is going.

FSB recommends further strengthening of the framework for global systemically important banks in Switzerland

The review examines Switzerland’s implementation of the FSB’s TBTF reforms for G-SIBs.

Financial regulator finds wholesale data market can be improved

The FCA will take forward ideas to help support wholesale data being available on fair, reasonable and transparent terms as part of its work to ‘repeal and replace’ assimilated EU law.

German team advises expert SE on reorganisation of group financing

The debut syndicated loan includes amortising loans, a revolving working capital facility and a revolving seasonal credit facility.

Amundi Turns Against Swiss Franc as Central Bank Intervention Seen Done

The low-yielding franc has already tumbled nearly 3% against a basket of major currencies in 2024

Deferral of German exit taxes when moving to Switzerland

The German Federal Fiscal Court (BFH) recently passed a landmark decision on exit taxation, concerning the deferral of taxes for individuals moving from Germany to Switzerland.

Review of Solvency II: Reporting and disclosure phase 2 near-final

The rule instruments and policy material under both these PS’s however is near-final, as explained in paragraph 1.35.

Digital 9 Infrastructure proposes investment policy change amid managed wind-down

General meeting on 25 March

Winner of Business Advisory firm of the Year Jersey

BDO Jersey's Advisory practice delivers a comprehensive suite of services aimed at helping clients effectively manage risk, navigate change, and optimize business operations.

FCA to improve pace and transparency around enforcement cases

The FCA will also close those cases where no outcome is achievable, more quickly.

How to avoid FCA's crackdown on wealth management non-compliance

In a wealth management data survey, the FCA asks a number of questions

CMA launches "painful" investigation into UK housebuilders

The original study was also looking into the industry’s use of landbanks, with early suggestions being whether builders were stockpiling land and artificially slowing delivery.

ZEDRA and Knowa announce pioneering sole trustee governance collaboration

This collaboration introduces significant advancements in governance practices

Commission invests over €233 million in Strategic Environment and Climate Projects across Europe

Six other projects have also been selected to boost nature and biodiversity.

Unions go to war with FCA management (again) over performance-related pay

Employee union Unite said its members had rejected the FCA’s 2024 pay offer, citing lacklustre sub-inflation pay increases, though only a minority of FCA staff belong to the union.

Cembra wants to cut dozens of jobs

The return on equity was 12.5 percent and the common equity ratio (Tier-1) was 17.2 percent.

The EBA consults on the new framework for the business indicator for operational risk as part of the implementation of the EU Banking Package

The draft RTS on BI adjustments require institutions to use the actual three-year historical data or a limited number of alternative methodologies following an operation.

ESMA seeks clarity on crypto-asset regulation: reverse solicitation and classification of crypto-asset as financial instruments

ESMA acknowledges the challenge of classifying crypto-assets when they combine multiple characteristics and purposes

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