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

Who's afraid of FATCA? by Withers

We are now firmly in the FATCA era and moving on to the post FATCA era.

Chancellor urges Serious Fraud Office to launch 'blockbuster' case against bank traders who rigged interest rates

George Osborne will today offer a blank cheque to fraud investigators seeking to bring bankers accused of rigging currency markets to justice.

King & Wood Mallesons hires Eversheds senior team to join its structured real estate offering

King & Wood Mallesons has announced the appointments of Eversheds partners William Naunton, Clive Jones and former Eversheds partner Cornelius Medvei to the firm’s leading structured real estate team.

Platforms must prepare now for sunset clause – Altus

The next major challenge for platforms will be implementing the sunset clause on payments relating to legacy business with fund managers, Altus consultant Ben Hammond has warned.

Linklaters, Clifford Chance among firms advising as banks face record fines following forex probe

Linklaters and Clifford Chance (CC) were among the firms to have been drafted in by some of the world's biggest banks as UK and US regulators imposed fines totalling £2.65bn over the manipulation of foreign exchange markets.

Maclay Murray & Spens boosts private client and charities department,

Maclay Murray & Spens LLP has boosted its 30-strong private client and charities department, with the appointment of Alexis Graham as a partner.

High Court boosts financial services employers’ efforts to protect businesses

By Kathryn Rowe, Associate, Appleby

Foreign exchange deals no longer done in shadows

Stiffest penalties ever on errant practices force banks to change tack

Banks to agree forex settlements

Regulators plan to announce a series of settlements, starting at 5pm (AEDT), with total penalties against seven banks likely far exceeding $US2 billion ($2.26bn), according to people familiar with the discussions.

'Callous' IFA jailed for stealing £200k from clients

A former financial adviser has been jailed for two years after “callously” conning clients out of almost £200,000.

Ashurst, Clifford Chance, Freshfields and Linklaters all on CMA bank probe

Linklaters, Clifford Chance, Freshfields and Ashurst have all won roles for the UK’s big four retail banks currently at the centre of a major Competition and Markets Authority (CMA) probe launched last week.

Danes reveal plans for public company register

Some are concerned that a fully public register would put an end to the financial services industry here

New proposals for banks relief for Government and taxpayers

New global rules would force troubled banks to slash bonuses and cut shareholders' dividends to protect taxpayers from future bailouts.

Performance Measurement No Longer Exists in a Vacuum - DST Global Solutions

Investment Management is operating in a world of more – more regulation, more transparency, more meaningful investment information and more control.

FCA fines five banks £1.1 billion for FX failings

The G10 spot FX market is a systemically important financial market. At the heart of today’s action is our finding that the failings at these Banks undermine confidence in the UK financial system and put its integrity at risk.

Lawyers vulnerable to money laundering, claims new report

It added that criminals are adopting increasingly sophisticated and complex means to channel illicit funds into the financial system.

RBS IT Glitch: Ulster Bank Fined £2.75m for Meltdown

The central bank added that when RBS took over Ulster Bank's IT systems in 2005, there was a failure to properly understand the infrastructure or the risks associated with outsourcing.

Guernsey Financial Services Commission adopts Thomson Reuters Accelus World-Check

The application also offers functionality for large volume/batch screening and automatic ongoing monitoring, to simplify the vetting process and manage larger volumes.

National law firm expands family law team

National law firm has expanded its family law offering with the appointment of a partner, associate and solicitor.

French banks' capital cushions need feathering

French banks may be sitting pretty having passed the recent European Central Bank stress tests, but they still need to plump their capital cushions

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