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

EBA outsourcing guidelines under DORA review

DORA was written into EU law in late 2022 but it does not apply until 17 January 2025.

FINMA opens bankruptcy proceedings against FlowBank SA

FINMA established in the last week that FlowBank SA no longer has sufficient capital for its operations as a bank.

EFAMA warns ‘much still needs to be discussed’ over EU decision not to ban commissions

Tests envisioned include inducement, quality enhancement, best interest, suitability, appropriateness

Restrictions placed on Motmaen Limited

Motmaen must pay all its liabilities to its customers by 22 May 2024, this means that Motmaen must return any money it received from customers for transactions it did not complete.

Raft of early reactions to UK Conservative Party’s manifesto release

Plans include cutting NI by a further 2% by 2027 and gradually abolishing self-employed NI

New Finma Chief Wants to Act and Escalate Faster with «Red Flags»

The new Finma Director, Stefan Walter, has once again called for stronger supervision.

Quilter calls on DWP to take urgent action to resolve pension transfer issues

Though it is a positive that thousands of people have potentially been saved from fraudsters since the regulations were first implemented

Navigating the de-banking pain

The Treasury Committee reported in February that more than 140,000 business accounts had been closed by major banks.

Is the lifetime allowance still poised for a comeback post election?

Weekend reports said Labour will not reintroduce the lifetime allowance after all, as it will be too complicated

ACCA and CISI join forces to enhance accountants' ethical AI skills

Through this new collaboration, ACCA's quarter of a million members will have the opportunity to study for CISI’s Certificate in Ethical AI.

Federal Councillor Elisabeth Baume-Schneider co-chairs the first OECD Forum on Gender Equality in Paris

The forum will focus on advancing gender equality amid green, energy and digital transitions.

Mr Farage goes to Threadneedle Street

Prepare for the worst economic discourse ever

Charity Commission guidance on UK elections

Charities must not assist candidates with their election campaigns

FSCS declares firm in default over investment advice

The lifeboat scheme told FT Adviser it has received 50 claims against the firm, with three rejected, 46 in progress and one upheld all relating to investment advice.

Sunak confirms 2p NI cut in Tory manifesto

The manifesto commits to a third 2p reduction as part of a drive to eliminate national insurance altogether.

House prices stabilise as Labour announce "freedom to buy" policy

The modest drop still points a resilient housing market and there are several factors contributing to this.

What makes a Consumer Duty friendly investment solution?

A tick-box approach won’t work for this principles-based regulation. Rather than being ‘just another product on the shelf’, each investment must be a tailored solution that is led by consumer need

Will the US follow Europe’s lead on interest rate cuts?

Even though the decision was expected, European equities fell slightly, government bond prices rose (yields fell), and the euro appreciated right after the announcement.

City row erupts against proxy advisers over executive pay

However, proxy advisers, which recommend how shareholders vote at company meetings, have often been criticised for blocking the hiking of executive pay.

Swiss finmin flags legal risks to winding up global banks

The big banks are heavily invested there.

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