Europe

    AML / KYC

    EU to Gain Legal Authority to Punish Sanctions Circumvention

    By Editors | 30/11/2022

    The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

    Capital / Liquidity

    ECB to Impose Capital Charges for Leveraged Finance Risk – Report

    By Editors | 29/11/2022

    The ECB is reportedly planning to impose higher capital requirements on banks to address risk in their leveraged finance businesses.

    AML / KYC

    EU States Start Closing Access to Beneficial Owners Registers

    By Manesh Samtani | 28/11/2022

    Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.

    Fintech / Regtech

    UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

    By Editors | 26/11/2022

    The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

    Market Infrastructure

    UK Finalises South Korea Data Adequacy Decision

    By Editors | 25/11/2022

    UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.

    Securities / Derivatives

    FCA Warns Against Gamification in Stock Trading Apps

    By Mark Johnston | 24/11/2022

    The proportion of stock trading app users with at-risk gambling behaviours was more prevalent for apps with certain game-like elements.

    ESG / Sustainability

    Mandatory Climate Disclosures for Swiss Firms From 2024

    By ESG Investor | 24/11/2022

    Switzerland’s Federated Council has opted to adopt an ordinance on mandatory climate disclosures for large Swiss companies.

    Market Infrastructure

    ESMA to Simplify Cash Penalties Process Under CSDR

    By Editors | 24/11/2022

    The amendments simplify the cash penalties process by putting CSDs in charge of collection and distribution, including for CCP-cleared transactions.

    Market Infrastructure

    UK FCA Publishes Consultation on Synthetic USD LIBOR

    By Manesh Samtani | 24/11/2022

    The FCA proposes that the 1-, 3- and 6-month USD LIBOR settings will be published under a synthetic methodology until end September 2024.

    ESG / Sustainability

    FCA Forms Group to Develop ESG Ratings Code of Conduct

    By ESG Investor | 23/11/2022

    The UK FCA  has announced the formation of a group to develop a new code of conduct for ESG data and ratings providers.

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