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

FCA expands Leeds office, creating new jobs and affirming its commitment to growth in the region

The new floor space was officially opened today by the FCA's chief executive Nikhil Rathi.

Chancellor’s National Wealth Fund fuels 8,600 jobs in six months

The National Wealth Fund has fuelled 8,600 jobs in the last six months, unlocking almost £1.6 billion of private investment, driving growth across the UK.

DORA goes live with ‘challenges’ for European financial sector firms

The new rules mean stricter requirements in cyber security and digital resilience

DLA Piper advises Commerzbank on project financing of a photovoltaic plant in Montalto di Castro

The borrower is the special purpose vehicle Montalto di Castro S.p.A., which belongs to the international energy transition company CCE Holding.

White & Case advises on €1.4 billion increased financing for Glasfaser Nordwest’s fiber optic network expansion

White & Case previously advised on the first financing round of €800 million in 2022.

Thistle launches asset migration tool with in-built compliance for UK financial advisers

Thistle’s Asset Migration tool enables financial advisers and wealth management firms to accelerate asset migration across platforms, while maintaining data accuracy and minimising client disruption.

The economic outlook and monetary policy in the euro area

Speech by Luis de Guindos, Vice-President of the ECB, at the 15th edition of Spain Investors Day

EBA Publishes Final Guidelines on the Management of ESG Risks

The guidelines set out requirements for institutions regarding the identification, measurement, management, and monitoring of ESG risks.

First Norwegian green synthetic SRT deal

The transaction is also the first in Norway to have been structured to comply with the criteria for Simple, Transparent and Standardized securitizations (STS) under the EU’s Securitization Regulation

FSB examines the relevance of climate transition plans for financial stability

Broader adoption of transition plans and continued efforts towards standardisation, including by international organisations and standard-setters, are key to making transition plans usable by financial authorities.

BIS Innovation Hub sets out 2025 work programme

BIS Innovation Hub projects are experimental in nature, for the purpose of investigating technological and practical feasibility.

Standard Chartered granted licence in Luxembourg to offer digital asset custody services

The new entity will serve as the regulatory entry point to the EU market to serve growing client demand

Bermuda joins UK sanctions against terrorist group

No person or entity required to comply with UK sanctions can deal with any funds or economic resources controlled by Blood and Honour.

Eversheds Sutherland advises Annington on £6bn sale and settlement of legal proceedings

Married Quarters Estates sold to Ministry of Defence

The EBA publishes its final Guidelines on the management of ESG risks

The Guidelines specify requirements regarding the internal processes and ESG risk management arrangements

FCA fines Arian Financial LLP £288,962.53 for failings relating to cum-ex trading

This is the seventh case brought by the FCA in relation to cum-ex trading and withholding tax schemes.

FCA objects to Change in Control due to failures to meet standards

The FCA objected because Mr Ahmed demonstrated a serious lack of professional competence and consequently failed to comply with the requirements set out in legislation.

BoE and Fed poised for hawkish shift in 2025

Notably, the ECB changed its tone, shifting from its more ‘restrictive’ position to one of greater focus on the data, which hints at further interest rate cuts in 2025.

Advise Wise adds Forever Legal to sourcing platform

Together, we are ensuring that new business partners joining Forever Legal can enjoy the same incredible speed, reliability, and quality of service that our existing introducers value so highly.

City regulator vows to ease ‘burden’ on UK banks amid government pressure

Bank of England says it is rowing back on ‘overcooked’ regulations introduced after financial crisis

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