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

Preparing for AIFMD II

Implications and actions for firms

FCA’s Sheldon Mills issues fresh Consumer Duty warning

The deadline for closed products to come into line is July 31 this year.

FSCS appeals policy changes will ‘create inequality’

The implementation will create an inequality in the distribution of compensation as consumers who have had access to higher levels of education will have a “significant advantage” over those without the same, she also stated.

Statistical Notice 2024/05

Statistical Notices update the definitions and guidance contained in the Banking Statistics Yellow Folder

King Charles banknotes to enter circulation in June

They will be sold during the summer at auctioneers Spink & Son.

Guy Flintham pleads guilty to fraud

He falsified documents in order to support some of his claims.

Linklaters advises Armen on its investment in Jolt Capital

With the strategic and operational support of Armen and its range of services designed to support its portfolio companies, Jolt Capital will be able to expand its action, not only in Europe, but also in North America and Asia.

Convicted illegal money lender imprisoned for failing to pay confiscation order

The judge warned him that he could serve up to 11 years in prison if he failed to pay.

FCA secures bankruptcy of Avacade directors

The Official Receiver (or a Trustee in Bankruptcy) will investigate the financial affairs of the bankrupts and administer their estates.

The digital euro after the investigation phase: Demystifying fears about bank disintermediation

This column focuses on the debate around the impact of a digital euro on bank funding since the announcement of the likely design features and the European Commission published its draft regulation on a digital euro.

UBS's response to the lawsuit delivered to our law firm

This comprises almost 150 pages plus extensive appendices.

UK Director Verification Measures Target Financial Fraud

A transition period will be implemented for companies already on the register to comply with the new requirements, after which criminal sanctions or civil penalties may apply.

Goldman Sachs analyst found guilty of insider dealing and fraud

The total profit generated from trading in these stocks was approximately £140,486.

Addleshaw Goddard Financial Services & Banking News

The FCA confirms that, in 2023, it continued to increase intervention activity in response to poor financial promotions compliance.

Mohammed Zina found guilty of insider dealing and fraud

He will be sentenced on Friday 16 February at 10am.

Mark Branson's Bafin threatens Deutsche Bank

However, the financial institution has now admitted that the improvements to the monitoring systems required by Bafin have only been partially completed.

FCA stops thousands of misleading ads and promotions

The FCA also published 2,285 alerts to help prevent consumers from losing their money to scams, up from 1,800 in 2022.

Sompo International secures primary insurance licence in France

The granting of the French primary insurance license not only supports the company’s strategic expansion but further strengthens our position in Continental Europe.

Appleby shortlisted for Chambers Europe Awards 2024

The awards recognise a law firm’s pre-eminence in key jurisdictions across Europe and also reflect achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service.

Financial Services & Banking News

The LSB intends to publish shortly a timetable setting out how it will take forward and sequence these initiatives.

Legal, Regulation & Compliance