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

FCA finalised guidance on AIFMD remuneration

These provisions can be particularly important for bigger groups with multiple business lines and for non-EU managers who market only a few AIFs in the EU

'Hippocratic oath for bankers’ rejected by ethics chief

New rules will say that banks have to improve their behaviour across the industry through a series of ethical guidelines and a new committee to oversee improvements

Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance

Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility

Barclays faces probe for huge client data loss

Barclays could be forced to update its data protection and customer security systems after an information breach saw the details of thousands of customers put up for sale.

Hedge funds suing Porsche suffer setback at German court

The regional court in Stuttgart, where sports-car maker Porsche is based, expressed strong doubts about the case brought by hedge funds including Viking Global Investors, Glenhill Capital and Greenlight Capital.

Regulator Tightens Screw on Transition Management

The FCA has provided specific feedback where needed, and will continue to monitor the conduct of TM providers.

Russian banker charged with embezzlement of $55 mln - report

The investigation has brought final charges against banker Alexander Gitelson regarding embezzlement of $55 million, Kommersant daily writes on Thursday.

Ashurst sees drop in cash reserves pre merger

Ashurst saw a £13.9m drop in net funds and cash at bank in the financial year before its £550m merger with legacy Blake Dawson.

NPRF fires State Street after UK overcharging scandal

The National Pension Reserve Fund has terminated the mandate held by State Street Global Advisors to manage €650 million worth of equities for it

Goldman’s Dibelius, Bafin’s Menke to Testify at Oppenheim Trial

The head of Goldman Sachs Group Inc.’s operations in Germany and the country’s second-highest ranking bank regulator will testify at the trial of former managers of Sal. Oppenheim Jr. & Cie this month.

Bankers face 4 year minimum jail time in EU crackdown

Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.

Brazilian 'Mensalao' banker Pizzolato arrested in Italy

The former director of Brazil's state-owned bank, who was sentenced in Brazil for corruption and money-laundering, has been arrested in Italy.

Former head of SFO accused of running chaotic agency

Richard Alderman, the former head of Britain's leading fraud prosecution authority, oversaw a chaotic agency that was unable to keep records and documents in order

LinkedIn fraudsters claiming to be from Aberdeen Asset Management

Aberdeen Asset Management is warning people to look out for emails from fraudsters purporting to be from the company

UK law firm strengthens Private Client Team

He trained with Blake Lapthorn in Oxford

Financial promotion: An indication of FCA’s new approach to intervention - Withers

Publication of the FCA's concerns about the MSM advertisements follows the announcement made by the FCA in November 2013, of its thematic review of insurance price comparison websites and also gives an indication of the FCA’s new approach to in

FCA guidance on inducements for product providers and advisory firms - FCA

The guidance is relevant to all providers of retail investment products to be sold by advisers, as well as advisory firms providing personal recommendations for such products and payments made by providers to unregulated third party firms that are for the

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