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

Environment Agency investing pension fund in industries it regulates is 'clear conflict of interest'

The pension details are contained in a response to a Freedom of Information request from the EA

Global bank regulator proposes standardised minimum capital measure

However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.

Swiss banks continue their balancing act

Collardi minimized the importance of competition provided by banks in Singapore

China nabs 39 people at over 20 institutions in insider trading clampdown

A crackdown on inside trading in China since the second half of last year has resulted in 39 suspects from over 20 financial institutions being handed over to police

Russia to ban offshore companies from winning state contracts

The Russian government will consider amendments to state procurement laws that would ban state contracts from being awarded to companies registered offshore.

It's That Time Of Year When Bankers Think About The Bonuses They're Gonna Get

Investment bankers working on corporate takeovers and share issues can expect good news on bonuses after a buoyant year when they return from the holidays, but bond and currency traders face lower payouts.

Royal Bank of Scotland freezes bonuses of 18 traders amid forex rigging review

Royal Bank of Scotland has frozen the bonuses of 18 traders as part of a continuing review of the alleged rigging of foreign exchange rates.

Libor manipulation laws set to be extended

The UK is to widen the scope of laws that make rigging of market benchmarks a criminal offence to include seven more rates covering the currency, gold, oil and silver markets by next April.

Russian Banks, RBS Bonus Suspension, Dark Pools: Compliance

The central bank this week put National Bank Trust, Russia’s 15th biggest by retail deposits, under the control of the Deposit Insurance Agency.

The Vatican Bank, Christmas Cheer, And FATCA

For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy

FCA warns of unauthorised wealth manager

The Financial Conduct Authority has warned of a scammer pretending to be an authorised wealth manager and targeting investors in the UK.

Think-tanks propose EU regulation opt-out for fund managers

Two think-tanks are proposing that fund managers in London who do business outside the European Union should be able to negotiate an exemption from European regulation, illustrating the growing Euroscepticism among the UK’s fund management community

Swiss Bankers in Limbo After U.S. Jury Acquits Ex-UBS Executive

The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.

Barclays accountants PwC under investigation for bank's failure to protect £16.5bn in client assets

The FRC said in a statement that the investigation follows the Financial Conduct Authority's £38m (€48m, $59m) fine on Barclays Bank for failing to properly protect client assets worth £16.5bn.

Top bankers need to take cyber threat seriously - BoE

Top British bankers and other senior executives in the financial services industry are not taking the risk of cyber attacks seriously enough

Fred the Shred ordered to reveal £12bn RBS rights issue emails

Goodwin will have to trawl through hundreds of text messages and emails by order of the court, ahead of a court case against him and other RBS bosses due to take place in 2016

Russia to bail out Trust Bank with up to $530 million

The central bank also said its Deposit Insurance Agency, responsible for managing crisis-hit lenders, would take over interim supervision of Trust Bank as of Monday.

Swiss National Bank adopts negative interest rate

Switzerland is introducing a negative interest rate on deposits held by lenders at its central bank, moving to hold down the value of the Swiss franc amid turmoil in global currency markets and expectations that deflation is at hand.

Gold rises on Swiss central bank's move

Gold prices edged higher Thursday after Switzerland's central bank said it would introduce negative interest rates next year and as traders continued to adjust their outlook on US monetary policy.

Ulster Bank cleared of trying to put viable SMEs out of business

The 75-page report by Irish law firm Mason Hayes & Curran, which was commissioned by Ulster Bank, found that “on the contrary”, the evidence suggests that its “driving policy” was to manage its indebted commercial customers thr

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