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

Spain violated EU rules by meddling in banking merger, says Brussels

Warning comes as European Commission pushes for more bank mergers to boost European financial sector’s fire power.

Mansion house speech – uk government's campaign for growth

The government revealed its plans to encourage economic growth by promoting investing to the UK population and loosen banking regulation.

FCA fines Barclays £42 million for poor handling of financial crime risks

In the first case, Barclays Bank UK PLC failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account for WealthTek.

Getting liquidity where it is needed − speech by Nathanaël Benjamin

Given at OMFIF Economic and Monetary Policy Institute

Ashurst advises Alpaca on acquisition of UK-based wealth management platform WealthKernel

This strategic acquisition will bring WealthKernel’s UK and EU licensed brokerage infrastructure to Alpaca, supporting their rapid global expansion to achieve its mission of opening financial services to everyone on the planet.

Seven crypto ATMs seized and two arrested on suspicion of running illegal cryptoasset exchange

During the search, seven crypto ATMs were also found and seized by the FCA.

Signa proceedings: Charges against René Benko for fraudulent bankruptcy

Charges of fraudulent bankruptcy on facts from the insolvency proceedings of René Benko

FCA lowers costs for businesses raising capital in support of growth

The changes will lower costs for companies and widen access to investment opportunities for consumers.

FCA and PRA cut senior manager regime red tape to help boost growth

The changes will make the regime more effective and efficient and drive growth in financial services.

Redress system reforms to prevent compensation delays and provide predictability needed for innovation

The changes will help firms identify and resolve issues before complaints escalate and aim to give greater predictability, so businesses have confidence to invest, innovate and support UK growth.

FCA sets faster targets for authorisations

The targets also give firms some time to address feedback and remedy issues, reducing, but not eliminating, the risk of increased refusals.

ECB launches design contest for future euro banknotes

In January the Governing Council also selected motifs to illustrate the two possible themes.

Barclays fined £42m over poor handling of financial crime risk

FCA fines bank for failures relating to money laundering risk linked to two businesses

In the new geopolitical context, Europe’s banking discussions need to go beyond competitiveness

At the same time, the strategy should bolster the euro’s use in trade, finance, and reserves in order to reduce Europe’s exposure to external financial shocks and geopolitical leverage.

Chancellor orders review of Consumer Duty to ensure regulators are ‘regulating for growth’

This is part of a broader suite of measures — dubbed the “Leeds reforms” — also unveiled at Mansion House.

European Accessibility Act: what you need to know

Member States were required to implement the directive into national law by 28 June 2022

ESAs Publish a Guide On DORA Oversight Activities

This guide provides high-level explanations to external stakeholders regarding the CTPP Oversight framework.

Authorities Arrested 14 Hackers in Connection With large-scale tax fraud operation

Thirteen individuals, aged between 23 and 53, were apprehended in the Romanian counties of Ilfov, Giurgiu, and Calarasi by the Economic Crimes Investigation Directorate.

FCA and PRA cut senior manager regime red tape to help boost growth

In the first phase of reforms to the SM&CR, the FCA and PRA are proposing to streamline the regime to make it more effective and efficient and to drive growth in financial services.

PensionBee calls for legally mandated 10-day pension switch guarantee

This comes as Pension switching has been labelled the second most difficult life admin task after moving house.

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