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

UK SIPP provider Intelligent Money declared in default

During initial investigations the FSCS obtained key documents relating to a specific cohort of claims

FCA fines former airline executive for trading during closed periods and for trade disclosure failures

It was found that Mr Sebők traded Wizz Air shares in the restricted 30-day period leading up to the firm’s financial results announcements.

The FCA launches consultation to streamline rulebook

Following the Treasury’s announcement to lift requirements from legislation into the FCA’s rulebook, this consultation sets out our proposals for transferring the rules without policy changes.

Macquarie Group statement on FCA’s Final Notice

The unauthorised trading was isolated to one individual.

Fintech hiring compensates for declining demand among banks for risk and compliance roles

The UK job market for risk and compliance roles is undergoing a significant transformation, with the fintech sector leading the charge.

Regulation and profitability forcing advisers to offboard clients

The main reasons advisers give for offboarding clients are that the clients’ needs have changed, they no longer require advice or they do not meet requirements for providing ongoing services.

PRA statement in relation to the MiFID Org Reg

Such a consultation represents an important step in the adaptation of the UK’s prudential regime for CRR firms inherited from the European Union

FCA launches first research competition to help drive UK economic growth

The FCA is launching its first competition to fund research into how regulation can support national growth.

FCA fines Barclays £40 million

This follows Barclays' decision to withdraw its referral of the FCA's planned action to the Upper Tribunal.

MBL fined £13m for serious control failures that allowed trader to conceal over 400 fictitious trades

The fictitious trades were not detected earlier because of significant weaknesses in MBL’s systems

MPs launch excoriating attack on the FCA

The APPG on Investment Fraud and Fairer Finance is presenting its report to Parliament after collecting evidence from 175 respondents, including whistleblowers, victims of scams and current and former employees of the regulator.

Managing the present, shaping the future - speech by Clare Lombardelli

Given at the Bank of England Watchers Conference, London

FCA proposes to extend the time firms have to handle complaints relating to motor finance commission

The FCA is seeking feedback on proposals to extend the time firms have to respond to motor finance complaints where a non-discretionary commission arrangement was involved.

Key recommendations for Guernsey NEDs when insolvency looms – lessons from BHS

This high-profile collapse was followed by a series of investigations and legal proceedings that exposed serious corporate governance failures.

Vacation Finance Limited enters administration

The firm is no longer offering finance to new customers.

Back to the Future 2: Keeping inflation close to the 2% target − speech by Dave Ramsden

Given at Leeds University Business School

The European Supervisory Authorities (EBA, EIOPA, ESMA – ESAs) publish Joint Guidelines on the system for the exchange of information relevant to fit and proper assessments

The Joint Guidelines aim to ensure consistent and effective supervisory practices within the European System of Financial Supervision

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