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

FCA secures confiscation order against Ponzi scheme fraudster

The confiscation proceedings form part of the FCA’s ongoing work to recover funds for victims of fraudulent investment schemes.

Consumers warned about misleading car finance 'money tips' claims ads

The FCA, working with its regulatory partners, will take further action to stop consumers being duped into signing up without the right information.

FCA launches court action against Neil Woodford

The regulator is seeking an injunction to prevent Woodford and W4.0 from continuing the activities while the case proceeds.

Do not blame Basel: the Output Floor and Europe’s banking competitiveness debate

The case against doing so rests on four observations.

Brussels Delays Basel III Market-Risk Rules to Shield EU Banks from US-UK Divergence

The Commission said the change is intended to preserve a level playing field for EU banks active in international capital markets.

Simpler climate reporting rules could save firms £20m annually

The changes aim to give investors clearer insight into how climate risks – such as floods, storms and other extreme weather events – could affect investment performance, while reducing unnecessary costs to firms.

Shoosmiths advises Cohort on refinancing with global banking syndicate

Shoosmiths also coordinated overseas elements of the transaction involving Canada, Australia and Germany and worked closely with Cohort’s finance adviser, Carlo Rusche.

Open banking takes next step forward with launch of UK Payments Initiative scheme

The launch of UKPI paves the way for greater payments competition, innovation and economic growth.

Councillors in England access the Local Government Pension Scheme

The Local Government Pension Scheme is now open to councillors and mayors in England, following a consultation that was supported by actuarial analysis from GAD

Football clubs warned about questionable sponsorship deals with unauthorised financial firms

These unauthorised firms may be breaching UK financial services laws by providing financial services in the UK without authorisation. Fans using these firms risk losing all their money.

Strategic advantages of Cayman and Luxembourg parallel fund structures for fund managers

Cayman funds benefit from a light-touch but credible regulatory regime overseen by the Cayman Islands Monetary Authority (CIMA)

UK could act if Guernsey fails to improve transparency, warns anti-corruption chief

Without improvements, criminals and terrorists would “continue to launder their dirty money through the UK and the Crown Dependencies”.

Court approves distribution of money recovered from Argento Wealth

We will make payments to eligible investors, as defined in the court judgment, who provide their bank account details on or before 1 August 2026.

Supporting TDC Brands’ €550m high-yield bond listing on TISE

TDC Brands is backed by a shareholder group led by funds managed by Macquarie Asset Management.

Central Banks under pressure as inflation risks re-emerge

The rationale behind this communication is straightforward: economic growth remains too weak for the economy to absorb a supply shock such as the one currently unfolding.

Firms have improved but must do more to prevent sanctions breaches

This includes checking they have adequate sanctions systems and controls.

Brits hardest hit in Europe by bank branch closures, as government launches review

The findings come as the government launches an independent Access to Banking Review to examine the real-world impact of branch closures and consider whether further intervention is needed to protect access to services.

Review of financial promotion approvers finds some firms need to raise standards

The review focussed on sampling promotions that had been approved since the firm was authorised.

IASB issues IFRS 20 to improve financial reporting for companies subject to rate regulation

It aims to help investors better understand how that rate regulation affects a company’s financial performance, financial position and its prospects for future cash flows.

Stress in global private credit markets and its implications for euro area financial stability

This makes it unlikely that private credit in isolation could be a source of systemic financial instability at present.

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