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

Financial regulator seeks to reduce burdens on firms and support growth

The regulator is calling on industry to identify rules which could be removed or simplified if they overlap with the Duty.

UK public-private partnership tackles criminality using banking data

Any intelligence outputs will inform the NCA’s investigative work and help the banks to identify risk.

New DB funding code laid in parliament

Following extensive industry consultation, the new DB funding code complements the change in regulations and sets out a framework protecting savers while giving flexibility to the market.

Banque Havilland Liechtenstein and Switzerland to liquidate

Banque Havilland Liechtenstein has renounced its banking licence, says Liechtenstein’s Financial Market Authority.

CP11/24 – International firms: Updates to SS5/21 and branch reporting

The PRA proposes that the changes to SS5/21 resulting from this CP would be implemented during 2025 Q2

Aegon welcomes stocktake of FCA rulebook

In its ‘Financing Growth’ paper, published in January, Labour promised to reduce the sector’s regulatory burden if it came to power.

ELTIF 2.0 - European Commission Adopts RTS Delegated Regulation

ELTIFs can be marketed to retail or institutional investors across the European Union.

UK financial firms should review complaints procedures following FOS report

It follows the publication of the Financial Ombudsman Service’s annual complaints data and insight, with the report showing the most common and emerging issues consumers face when dealing with financial firms.

EU regulator suggests revamp in sustainable investment rules

The reform suggestions include requiring all financial products to disclose sustainability information in line with an expanded EU taxonomy.

City hails ‘critically important’ reform as FCA looks to revive IPO market

The changes to prospectus rules were announced just days before another set of FCA reforms to listing rules took effect.

Improve efficiency and compliance with outsourced CFO services in Switzerland

Successful CFOs must possess a diverse skill set, from strategic decision-making to technology management.

FCA takes first enforcement action against firm enabling cryptoasset trading

CBPL is not currently registered to undertake cryptoasset activities in the UK.

FCA sets out rules and proposals to build up UK wholesale markets

Under the proposals, companies will still be required to publish a prospectus when first admitting securities to public markets.

French and German falls in business confidence raise prospect of ECB cut

Dip in readings signals eurozone’s two largest economies are heading for a downturn

7IM once again confirmed as Signatory to the UK Stewardship Code

Recent enhancements include climate scenario analysis, enhanced manager due diligence, and collaborations with other industry stakeholders.

ECB's cyber security test shows 'room for improvement' for banks

The ECB then examined their submissions and made specific recommendations to each bank as part of its annual supervisory assessment.

Coinbase arm fined £3.5m for crypto related breaches

This is the first time the FCA has taken enforcement action using these powers

UK High Court green lights plan to return WealthTek client money, assets

The FCA highlighted that all clients should remain alert to the possibility of fraud

Banque Havilland Faces License Revocation

Little is currently known about the reasons for the imminent license revocation.

FCA confirms plan to protect access to cash for consumers and small businesses

And many small businesses still need somewhere to safely deposit their takings each day.

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