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

City watchdog denies 'going soft' on the banks

The change of tack by the FCA is in marked contrast to the belligerent approach of its previous chief executive Martin Wheatley

Groups mull downgrade of IA membership after fee hike

IA raised full membership fees

Financial regulator FCA denies 'going soft' on banks

However, critics have pointed to recent decisions by the FCA which they say show it is taking a lighter touch to regulation.

UK Banks: British Financial Regulator May Allow Commission Payments Again

The FCA weeks ago ended a monthslong review of banking culture in the U.K., earning the ire of a number of politicians on Parliament's Treasury Committee, the Financial Times reported earlier.

More announcements on changes to fundraising self-regulation - Withers

Lord Grade would be responsible for bringing Sir Stuart Etherington's vision of the new Fundraising Regulator to life.

Investment Association hikes membership fees

An Investment Association full member firm, which has assets under management of less than £100m, told Fund Strategy its fees will increase by around 20 per cent and will go from £10,500 to £12,500.

Serious Fraud Office in plea for £21m extra funding

The SFO operates on an annual budget of around £33m, but is able to request extra funds from parliament.

Banking on bringing in wealthy investors

Under current regulations, all banks operating in the Isle of Man must be licensed to carry on deposit taking.

Zeus Capital co-founder to be charged over tax scheme

The Crown Prosecution Service has issued a summons for Richard Hughes, who co-founded Zeus Capital , and nine others to appear before Birmingham magistrates next month.

Latvian coder released from clink after mega-millions bank raids

Gozi '76 Service' hacker handed time served after 21 months.

French Authorities Investigating Karl Lagerfeld's Taxes

The case is the latest involving allegations of high-end tax evasion in France, where the Finance Ministry has cracked down on fraud in recent years to ease budget strain.

Lloyds under investigation by FCA over possible market rigging

The government continues to own nearly 10% of Lloyds following its bailout in 2008

Fraud chief calls for tougher corporate prosecution laws

Prosecutors should have US-style powers to punish big business and root out financial crime in the City, the head of the Serious Fraud Office said today.

Stephenson Harwood pays 30% more to highest-earning member, latest accounts show

This figure in LLP accounts does not necessarily equate to the highest paid equity partner

Bankers still need a ‘bashing’ — as do the rest of us

Regulators’ failure always to fulfil their role means others must pile on the pressure

Elliott Hedge-Fund Group Loses German Top Court Porsche Ruling

The funds didn’t show they have no other way to prove their cases, the judges said in a ruling published on the court website.

Former Catalan chief to go to court over alleged money laundering

The judge assumed jurisdiction in the case that was originally opened by a court in Barcelona against the couple and three of their children after the former Catalan leader in 2014 admitted publicly that had hidden a considerable amount of money in Andorr

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