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

August rate cut looking less likely as wage growth continues to outpace inflation

Recent comments from the Prime Minister have emphasised that wage restraint is needed and will be shown across the public sector.

FCA calls on firms to improve treatment of politically exposed persons (PEPs)

There have been concerns about how firms in the UK are meeting these requirements and so the FCA has reviewed how firms are treating PEPs.

The EBA consults on amending its technical standards on the joint decision process for internal model authorisation

This draft amending ITS are part of the first phase of the EBA roadmap for implementing the EU Banking Package.

FCA overhauls listing rules

The overhaul of listing rules better aligns the UK’s regime with international market standards.

The EBA Banking Stakeholder Group held its first meeting in its new composition

Their role is to facilitate consultation and dialogue with stakeholders in all the areas relevant to the tasks of the EBA.

Cyprus banks falling far short in social responsibility

In supporting economic growth and society, Cyprus banks are performing much worse than their counterparts in the euro area.

Interim Credit Suisse Review Blasts Finma and SNB, SZ Says

The final report of the investigation is expected by the end of the year.

PSR and FCA launch joint call for information on big tech and digital wallets

The use of digital wallets has grown rapidly over the last few years, and it’s likely that more than half of UK adults now use one.

EQS Whistleblowing Survey 2024: European legislation drives digital whistleblower protection

Companies predominantly rely on digital channels to receive reports of unethical or illegal behavior at a central reporting point: 81% have introduced a software system for whistleblowers.

German team advises banking syndicate on issue of Deutsche Bank's inaugural social bond with an aggregate principal amount of EUR 500 million

The issue proceeds from social bonds can be used to finance infrastructure projects or the creation and preservation of jobs, for example.

‘Britain is back’: Keir Starmer promises UK will be at the heart of Europe

Prime minister wants to foster a new spirit of cooperation and partnership to confront the crises facing the continent

EU takes Elon Musk's X to court over blue checks and ads

European regulators say when Musk relaunched the blue check “verification” system after he purchased Twitter in late 2022

Prudential Regulation Authority (PRA) statement on the design of the dynamic general insurance stress test (DyGIST) 2025

This statement provides further information on the dynamic general insurance stress test that the PRA intends to run in 2025.

Expected implications for UK non-domiciles

As part of these changes, it was previously proposed to reform some of the rules which apply to offshore trusts settled by UK Non-Domiciled residents as follows.

Court sets dates for ‘finfluencer’ trials

These dates were the earliest the Court could accommodate this case

José Manuel Campa interview with Világgazdaság: Regulators need to watch big digital platforms, European Banking Authority head says

Hungary as president of the European Union in the second of half of 2024 could play a key role in setting trends – José Manuel Campa said in the interview.

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