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

Three individuals and two firms charged over alleged unauthorised business activities

Anthony and Laura Hay served as directors of the companies and Tim Stewart was the compliance manager at both companies.

Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct

The transaction is in line with Allianz Direct’s goal to expand its B2B2C operations

Former Ireland rugby player Brendan Mullin found guilty of stealing hundreds of thousands from Bank of Ireland Private Bank

The jury returned guilty verdicts in 12 of the 14 charges before the court today after hours of deliberating.

Court confirms CS cartel fine

The fine was waived because of its cooperation.

CS espionage legacy keeps UBS lawyers busy

This sentence alone makes it clear what a confusing legal legacy the UBS lawyers have to deal with.

FCA welcomes Project Guardian’s first industry report on tokenisation

In the report, firms set out an ambitious, phased vision for the use of distributed ledger technology (DLT) in asset management.

FINMA warns of new wave of phishing emails

The senders of the emails claim to be FINMA employees. FINMA does not send such emails and does not contact private individuals as a matter of principle.

FCA enhances access to market data and investment research to support growth

New transparency rules for bonds and derivatives markets will give investors more information and reduce costs for firms.

PFS members urged to vote in upcoming AGM

Chartered financial planner Alasdair Walker – who set up a group called Our PFS to “protect the future” of the professional body – sent out an email to members, urging them to vote.

A&O Shearman on Danske Bank’s public interest judicial agreement

The resolution of such a high-profile case really underscores our legal expertise in criminal law and our capability to handle complex and high-stakes legal matters”.

ESMA guidelines prompt Irish funds rebranding question

On 21 August, ESMA published finalised guidelines regulating the use of environmental, social, and governance (ESG)-related and sustainability-related terms in fund names.

FCA bans Steven Hodgson and Paul Adams for pension transfer advice failings

They are also banned from holding any senior management function in a regulated firm.

PS17/24 – Responses to CP6/24: OCP policy statement

The ‘Changes to draft policy’ section of this chapter refers to that explanation, taking into account consultation responses where relevant.

FCA prepares to take action over Crispin Odey’s ‘lack of integrity’

The FCA issued a notice that Odey’s behaviour towards the firm he founded Odey Asset Management and the regulator ‘lacked candour’.

Regulatory compliance a burden for UK investment advisers, RSMR survey shows

This suggests the need for process improvements or further resources to effectively manage these compliance challenges.

The EBA asks for input to entities falling within the scope of initial margin model authorisation under the revised European Market Infrastructure Regulation

All entities of a group that are subject to this requirement are expected to fill in the survey separately, at entity level.

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Legal, Regulation & Compliance