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

Germany passes reform of lawyers' fees and litigation funding

It provides for lawyers to agree on contingency fees to a greater extent than before or to bear the costs of legal proceedings.

Guernsey funds market update: PIF Regime, Companies Law and economic substance requirements for partnerships

This significantly reduced the cost and processing time for launching a fund.

Jersey funds market update: the EComms Law, JPF review, economic substance for partnerships, fund vehicles fee changes

Draft legislation reflecting the above proposals is awaited.

'Elephant in the room': Advisers hopeful new FCA rule will tackle exit fees

But the proposals also included a line on exit fees charged by firms when their customers leave them.

France's Natixis fined 7.5 mln euros in sub-prime exposure case

It was eventually rescued by its parent bank BPCE and was later restructured.

Carey Olsen advises Quotient Limited on new money investment

Quotient intends to use the net proceeds from the offering for the continued development of the multimodal, multiplexing MosaiQ platform, to prepare for its commercial launch and for other general corporate purposes.

EU reacts sharply to new Hungarian law

The warning from European Commission President Ursula von der Leyen was a measure of the degree to which many senior European leaders expressed concern over the new law, which was approved last week by Hungary's parliament.

EU data transfers compliance: businesses get fresh guidance

Clearly this more broader assessment will have significant implications not just in relation to transfers but the appointment of service providers

FATF votes to greylist Malta

Global anti-financial crime watchdog advises enhanced monitoring for Malta

UK watchdog issues warning about 111 unregistered crypto asset firms

This is a very real risk so we are worried about that.

AAB: plan now for good health of your public sector pension

Richard Johnston offers his prognosis on legislative changes affecting high-earning professionals in the National Health Service

Pimfa supports call for culture change at FCA

It said the FCA board should set itself an end date for the transformation programme and create milestones at which changes in culture can be reviewed.

Parliamentary Committe calls for change in FCA culture to protect consumers and markets

The following month, LCF entered administration. Following a request from the previous Treasury Committee, HM Treasury agreed to a request from the FCA for an independent investigation into the collapse of LCF.

How investment firms can prepare for the new UK prudential regime

The new regime will have a significant impact on the prudential requirements that apply to many investment firms, including collective portfolio management investment firms, and will particularly impact firms that are part of a UK company group structure.

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