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

SEC proposes rule change for transfer agents

This proposal is another important step in Chairman Atkins’ efforts to advance our regulatory framework for the modern era.

November 2026 TARGET Services releases confirmed with deployment shifted to 28 November 2026

The Eurosystem has assessed the impact of the SWIFT decision on its market infrastructures and on key stakeholders, in close collaboration with European market participants.

Can synthetic securitisation support economic growth?

These packages are split into segments or tranches, with different risk profiles paying different yields.

Three jailed for £70m pension fraud targeting 3,000 investors

All three have also been disqualified from acting as company directors for 10 years.

Osborne Clarke builds on European expansion with Luxembourg, Frankfurt office openings

Firm adds five partners from firms including Ogier, CMS and White & Case to spearhead office launches

The UK FCA's Non-Financial Misconduct Rule Is Here – and All Financial Services Firms are in the Crosshairs

The rule does not extend to discrimination or victimisation as independent grounds, though sexual harassment falls within its scope as a form of harassment.

New FATF report finds underground banking and hawala are key channels for professional money launderers

The FATF also warns of an increasing involvement of lawyers, accountants, auditors, notaries, corporate formation agents, financial consultants, real estate agents, and casinos and junket operators in facilitating such schemes.

The institutional form of independent central banks: from history to contemporary challenges - speech by Andrew Bailey

Given at LSE TRIUM Anniversary Conference

Citibank’s London unit fined £4.7m for breaching Russia sanctions

This included processing payments for designated Russian banks Alfa-Bank JSC, PJSC Gazprombank and Credit Bank of Moscow.

KPMG warned Guggenheim unit over deficiencies in internal controls

The assessment, which came after a whistleblower flagged up concerns about the unit’s accounting practices, highlights how the troubles at Walter’s businesses extend beyond his insurance holdings.

FCA decides to ban and fine Daniel Thomas over unauthorised pension transfer advice

The FCA will take no action against him until the Tribunal reaches its decision, which will be published on its website.

FCA urges young adults to check for unclaimed Child Trust Funds

Figures from HMRC show that 760,000 matured Child Trust Funds, worth an average of £2,000 each, remain unclaimed.

BoE faces mandate to accelerate digital assets adoption

The BoE has also faced criticisms for fintech startups and digitally native financial services participants for moving too slowly in its supervision of digital assets service providers.

£100 million competition to back British AI companies to fix public services

£100 million fund competition will help promising British AI start-ups start in the UK and tackle some of society's biggest challenges.

Guernsey Funds Legal and Regulatory Update – September 2026

The Guernsey-based initiative is designed to support five first-time or emerging fund managers through a structured 12-month programme

The EBA responds to the European Parliament’s observations made in the 2024 Discharge report

The EBA welcomes the overall positive feedback from the European Parliament.

Farrer & Co shortlisted in three categories at the Family Law Awards 2026

The Family Law Awards recognise outstanding achievements and contributions within the field of family law.

Government pushes Bank of England to innovate on payments and digital currencies

The Treasury is set to implement the changes through amendments to the Financial Services and Markets Bill, which heads to the House of Lords for scrutiny in September. The Bank will report against the objective annually.

FCA and Bank appoint members to their Transaction and Post-trade Reporting Harmonisation Taskforce

The taskforce comprises 3 separate working groups: a main Policy working group, supported by a Strategy working group and an Architecture working group.

FCA bans trio behind £35.5m scheme designed to bypass visa rules

The FCA has also decided to ban Dolfin co-founder, Roman Joukovski, from working in financial services.

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Legal, Regulation & Compliance