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

EBA finds Hungarian waiver for covered bonds justified

This would result in no Hungarian bank being eligible to act as derivative counterparty and, therefore, the partial waiver is adequately justified.

The 25th anniversary of the Euro50 Group: looking ahead to the 50th anniversary

Remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the 25th Anniversary of the Euro50 Group event at the Banque de France

Schroders to adopt SDR labels for 10 funds

As part of today’s announcement, the Schroder Sustainable Bond Fund will become one of the first bond funds to announce plans to adopt an SDR label.

HM Treasury's call for evidence on the Financial Services Growth and Competitiveness Strategy

The Strategy is a key component of the UK’s modern industrial strategy, Invest 2035, which identifies financial services as one of eight growth-driving sectors.

FCA seeks further views on enforcement transparency proposals

The further consultation also aims to assist ongoing parliamentary scrutiny, including by the Commons’ Treasury and Lords’ Financial Services Regulation Committees.

Bank Lombard Odier and a former employee charged with serious money laundering at the Federal Criminal Court

The investigation phase was concluded with the filing of the indictment with the Federal Criminal Court.

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.

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