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

Top banking watchdogs issue stark warning over AI-driven cyber attacks

IT weaknesses could be exploited by frontier models in a ‘matter of minutes’, say ECB and ESRB

Governing Council statement on macroprudential policies

In particular, an escalation or prolongation of the war in the Middle East could further disrupt global energy and commodity markets, with adverse repercussions on the outlook for inflation and growth.

The ESAs support ESRB warning on systemic cyber risks from frontier AI models

Recent advances have significantly enhanced the ability of frontier AI models to identify and exploit high-severity vulnerabilities in IT systems within very short timeframes.

The EBA publishes final Guidelines on the authorisation of third-country branches under the Capital Requirements Directive

The Guidelines set out the information to be provided, the assessment criteria, and the templates and forms for applications for the authorisation of TCBs, as well as the applicable process.

Gibraltar shuts the door on millionaires worth less than £5m

The Rock tightens elite residency rules after applications surge post-Brexit

Europe's central banks may come under political pressure, Panetta says

Germany, France and Italy are all struggling to fund higher defence spending, reviving industry and sustaining welfare systems strained by ageing societies.

Banks told to improve access to basic accounts

A mystery shopping exercise by the FCA found a third of experiences with basic bank accounts rated as poor or very poor.

FCA publishes landmark review into impact of AI on retail financial services 

The Review concludes that AI is likely to become a defining force in retail financial services, transforming how firms operate, how consumers make financial decisions and how markets function.

Pension firms must do more for customers in older pensions and fund savings

The FCA is now calling on all pension providers to consider the report and take on the good practice identified.

Financial regulator to simplify investment disclosure regime

This will also help consumers compare products more easily and invest with greater confidence, supporting a stronger investment culture.

Motor finance scheme partially suspended

The final dates depend on whether any of those involved in the case apply for further expert opinion or disclosure of information, and whether any such application is successful.

Mixed signals, research findings, and policy judgements − speech by Catherine L. Mann Given at the Natixis CIB Private Debt Forum

This remains my view, as notwithstanding a sporadic reopening of the Strait of Hormuz, infrastructure rebuilding, future-proofing, and restocking supplies imply that higher energy prices will likely persist.

Targeted EBA peer review finds high compliance on Pillar 3 disclosures but calls for greater consistency

The Review found that the competent authorities under review have fully or largely embedded Pillar 3 requirements into their supervisory frameworks and that their practices are efficient overall.

Lagarde mulls leaving ECB early to play a role in French elections

Lagarde did not specify the role she has in mind, but said she is not currently planning to run as a candidate, and would instead prefer to contribute to and shape the electoral debate.

Households and non-financial corporations in the euro area: first quarter of 2026

Household consumption expenditure increased at an unchanged rate of 3.6%.

German banks reject ECB's potential move to lift minimum reserves

German Banks Respond to ECB's Reserve Requirement Proposal

White & Case advises bank consortium on landmark €1 billion financing for BEW

The financing combines long-term promotional conditions provided by KfW with loan facilities made available by a bank consortium of nine.

EU deposit guarantee scheme funds to protect depositors against bank failures continue to grow and have reached a volume of €85bn, the EBA observes

This annual publication, covering each Member State, enhances transparency and accountability across the EU to the benefit of depositors, markets, policymakers, DGSs and Members States.

The Crime and Policing Act 2026: From Theory to Exposure

The contrast with the failure to prevent framework, where an affirmative defence remains available, runs through all three.

Back to basics in an uncertain environment

A return to basics does not mean a return to some idealised past, if there is such a thing in monetary policy.

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