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

Treasury to implement all Wheatley's Libor recommendations

The Treasury has promised to implement all 10 of Martin Wheatley’s recommendations on reforming the submission and administration of Libor.

King & Wood Mallesons secures hire of Bakers global private equity chief

He will make the move on 6 November.

FundsNetwork reignites lobbying for bundled charging

A survey of 209 advisers on the platform said their opinion was driven by clients, who found bundled charges easier to understand. They also argued bundled funds were easier to use.

Investors sue ABN Amro for missing Palm Invest money

Danny Klomp and Remco Voortman were found guilty of fraud, money laundering and embezzlement in 2010.

Aviva to pay 80,000 property fund investors €25m in compensation

Concerns over a massive overdraft built up by the fund has forced Aviva to question how it was run and refund policy holders.

Santander to Get Merger OK for Polish Units by End-November

Spain's Banco Santander SA could receive approval by the end of November to merge two of its Polish-based units, the country's financial regulator said Tuesday.

Global law firm launches cross-border listings app for Apple devices

The free app, available now on the App Store, is an interactive and robust legal tool designed to help investment bankers, CFOs, in-house counsel and other members of management as they consider global listing options.

Banking regulator Andrew Bailey says 'buck stops here'

Banking and insurance regulator outlines more judgment-based, intrusive approach for new Prudential Regulation Authority

Leading international law firm deepens its commitment to Africa

The Dar es Salaam office will focus on the financial institutions; energy; infrastructure, mining and commodities; and transport industry sectors in response to strong domestic demand and growing international investment.

IMA supports diversity in the boardroom

Board appointments should be on merit and not to fill quotas.

Former RBS director faces lawsuit threat

The action group has previously named only the former chief executive Fred Goodwin

Law firms shun private equity

Private equity firms have been eyeing the legal industry since new ownership rules came into force this year.

Sun Life fined £600000 by FSA for poor management

The firm's governance failings came to light following two significant transactions executed in 2008 and 2009.

FSA should have halted RBS's ABN Amro deal

Parliament's cross-party Treasury Select Committee, chaired by Andrew Tyrie, also said banks needed a regulator with the self-confidence to intervene, even if that caused short-term destabilisation.

FSA fines Bank of Scotland £4.2m over record-keeping flaws

As well as excluding this group, the problem was compounded when BOS incorrectly contacted 33,700 customers who should never have been included in the programme, and mistakenly made goodwill payments totalling £20.4 million to 22,700 of them.

EIOPA’s QIS approach ‘not fit for purpose’, says Mercer

Not enough time has been given by the European Insurance and Occupational Pensions Authority (EIOPA) to consider the amendments needed to its approach to implementing Solvency II, to make it fit for the purpose of the IORP review, say Mercer.

Addleshaw Goddard grows borrower practice with structured finance partner hire

He has broad experience across a wide range of structured financings including asset backed commercial paper, structured financial instruments, securitisation, derivatives and financial regulation for clients including Cantor Fitzgerald, Macquarie and BNP

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