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

FCA fines and bans Martin Sarl for dishonest and reckless conduct

That was not allowed under the FCA’s Client Money rules, and these funds should have been kept separate.

FCA fines Cypriot contract for differences firm over unauthorised advice

The regulator previously took action in 2020 to stop four Cypriot investment firms from continuing to offer high risk CFDs to UK investors

Finma on stablecoins: “Same business, same risks, same rules”

Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.

CII wants to be first at the table in policy-making talks

According to Hill, memberships of professional bodies need to see the CII round the table, not just when the FCA consults on something

FCA scrutinises DFM feedback amid SDR extension rumours

The FCA has promised to set out next steps ‘shortly’ on talk that wealth managers will be given an extension to the December deadline.

Anti-greenwashing: UK firms gearing up for new FCA rules and guidance

Moreover, wealth managers, planners and financial advisers must also ensure that, when engaging with clients, the sustainability-related claims they make are clear

European Banking Authority Refines Market Risk Rules

These changes stem from the need to align the existing RTS, which were developed under CRR2, with the new provisions introduced in CRR3.

The EBA sets 2025 priorities for resolution authorities and reports on the progress achieved in 2023

The 2025 EREP priorities confirm and complement the areas of focus set for 2024

European Commission adopts Regulatory Technical Standards on the ELTIF Regulation

The Commission's adoption of the RTS follows a public consultation and ESMA's final report on the draft RTS in 2023.

ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP following MoU with the British Columbia Securities Commission

On 8 August 2024, ESMA recognised CDS Clearing and Depositary Services Inc. (CDSC) as a Tier 1 CCP under Article 25 of EMIR.

Inflation rise a reminder of the difficult job facing BoE

The good news is that these figures are slightly better than the market anticipated, which the BoE will be very pleased to see.

Isa rule changes have made little difference, IFAs say

Opinium global head of financial services research Alexa Nightingale said: “The change in Isa rules came into force in April this year, but appears to have made little impact on savers’ behaviour.

7.3 million UK adults targeted by pension scammers

Half of survey respondents agreed that scams are becoming more sophisticated and difficult to spot.

The EBA responds to the European Commission’s Delegated Act postponing the application of the market risk framework in the EU

In that context, the EBA also clarifies that the points it made in another no-action letter on the same topic issued in 2023 should remain applicable.

1
2
3
…
29
30
31
32
33
34
35
36
37
38
39
…
1025
1026
1027

Legal, Regulation & Compliance