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

UBS finance chief voices disappointment over Swiss capital rules

UBS planned to engage in political consultation processes on Switzerland's capital requirements, which could eventually lead to a more proportionate outcome

The EBA issues revised list of validation rules on supervisory reporting

Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.

Financial markets: Council approves decision to maintain certain bank liquidity rules

The NSFR is a key liquidity metric which aims to ensure that banks have stable funding sources

UK Pension Buy-out: trustees must speak up to safeguard member outcomes

The UK has seen a marked increase in pension schemes completing buy-out transactions.

Societe Generale-FORGE to launch a USD Denominated Stablecoin on Ethereum and Solana public blockchains with BNY as reserve custodian

SG-FORGE will propose to its clients instant 24/7 conversion between fiat currencies and stablecoin, enabling immediate, around-the-clock transactions in both USD and EUR.

SEC to Resume Processing of Registration Applications From Swiss-Based Investment Advisers

This announcement follows successful discussions between staff from the SEC and the Swiss Financial Market Supervisory Authority (FINMA) regarding (1) the ability of FINMA-supervised

Nasdaq Helsinki fines Citigroup for fat finger incident

Citigroup Global Markets Europe AG had breached the Rules as the trading member of the Exchange in relation to the market incident occurred in May 2022.

The rule of law as a constitutional pillar of European central banking

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Italian constitutional court

FCA leads international crackdown on illegal finfluencers

The warning alerts will result in over 650 take down requests on social media platforms and more than 50 websites operated by unauthorised finfluencers.

ECB to add new reporting agents to the €STR

The expansion of the €STR sample size will improve both the robustness and the representativeness of the benchmark

ECB cuts to 2%, but trade uncertainties keep markets guessing

The move, which brings the policy rate into what president Christine Lagarde called a “neutral” zone, came as no surprise to markets.

White & Case Advises Bryan, Garnier & Co. on Its Acquisition by Stifel Financial Corp.

This transaction enables Stifel to continue evolving its European operating model by adding further capabilities to two of its largest investment banking verticals: healthcare and technology.

ECB likely has more to do, despite hints it is nearing the end

The ECB’s more hawkish tone does raise the possibility that the rate reductions may take longer than that to materialise, with a pause possible at the next meeting.

‘Game-changing’ UK Pension Schemes Bill: industry commentators have their say

The Bill is about securing better value for savers’ pensions and driving long-term investment in British businesses to boost economic growth in our country.

‘Game-changing’ UK Pension Schemes Bill: industry commentators have their say

The Bill is about securing better value for savers’ pensions and driving long-term investment in British businesses to boost economic growth in our country.

20 million workers set to benefit from new Pension Schemes Bill

Millions of people across the UK will find it easier to manage and get more from their pensions thanks to the Government’s new Pension Schemes Bill.

Industry welcomes UK pension reforms but warns “devil is in the detail’

Markets and asset managers are watching closely as the legislation aims to simplify pension management, boost fund scale, and channel more capital into productive investment.

FCA leads global crackdown on rogue finfluencers

In the UK, the FCA made three arrests in collaboration with the City of London Police, initiated criminal proceedings against three individuals and invited four others for interview.

Monetary policy decisions

Inflation is currently at around the Governing Council’s 2% medium-term target.

ECB reports on Bulgaria’s progress towards euro adoption

These policies are discussed in more detail in the report.

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