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

ABN Amro faces potential fine from Dutch Central Bank over bonuses

Additionally, executive compensation at these banks cannot increase faster than wages set by the industry-wide banking collective labor agreement.

FCA bans and fines Crispin Odey £1.8m

The founder of Odey Asset Management has been fined and banned for showing ‘reckless disregard’ for governance.

Fifth individual charged over suspected water investment scam

John Dobbs will appear before Southwark Crown Court on 25 March 2025.

FINMA approves 1,500 trustee, portfolio manager licences to date

It received more than half of the applications in the last four months of the three-year transitional period

Singapore Tightens Employer of Record (EOR) Regulations: What Overseas Employers Need to Know

Companies expanding into Singapore must now establish a local entity or explore alternative employment solutions.

Statement from Nikhil Rathi, Chief Executive of the FCA, in response to the Government’s announcement on the future of the Payment Systems Regulator

Doing so is a natural next step following recent work to improve co-ordination and clarity on regulatory responsibilities.

New PFS guidance consolidates resources for Consumer Duty compliance

These include the use of software systems to document client reviews, AI to transcribe meetings, and the adoption of robust Customer Relationship Management systems.

EU carbon market: more to come

As these changes take place, carbon prices are set to rise, impacting industries and investors alike.

‘Victory for common sense’: industry praises U-turn on name and shame plans

Instead the FCA plans to stick to its current exceptional circumstances test to determine if it should publicise investigations into regulated firms.

FCA publishes findings of the private market valuation practices review

The private asset market has grown significantly in recent years in the UK

Irish trust registration system goes live

New and existing UK as well as non-EU trusts now need to register on CRBOT

M&G gains approval for private credit LTAF

The asset manager is tapping into the UK DC pensions market after launching a similar European semi-liquid fund in 2023.

Guernsey representatives highlight significant value of Channel Islands to the EU

The meeting forms part of the regular programme of engagement with the EU.

FINMA provides information on the status of licences issued to portfolio managers and trustees

The new licensing requirements, which must be complied with at all times, primarily serve to protect investors from unfair business practices and to strengthen the reputation of the Swiss financial centre.

FCA sets out steps to support home ownership

As interest rates fall, the current market approach to interest rate stress testing may be unduly restricting access to otherwise affordable mortgages.

The ESAs acknowledge the European Commission's amendments to the technical standard on subcontracting under the Digital Operational Resilience Act

Today’s Opinion acknowledges the assessment performed by the EC and confirms that the amendments proposed ensure that the draft RTS is in line with the mandate set out under DORA.

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