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

The EBA launches its 2025 EU-wide stress test

With 70 major banks across the EU and EEA participating, this exercise aims to evaluate resilience under hypothetical geopolitical tensions and adverse scenarios

Pensions must be used for income rather than wealth transfer

Broadstone is supportive of the Government’s objective to ensure that pensions are used for the primary purpose of providing an income for the member.

EBA publishes an Opinion on the interaction between the output floor and Pillar 2 requirements

The Opinion emphasises the importance of institutions informing early their competent authority of the potential impact so as to facilitate the review process.

FCA to remove £100 contactless limit

Alongside existing planned reform to securities settlement, digital assets and pensions, the FCA outlined other measures under consideration.

ECB to stress test 96 euro area banks in 2025

The EU-wide stress test will follow a bottom-up approach with some top-down elements.

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

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