Europe

    AML / KYC

    US, UK to Jointly Promote Privacy-Enhancing Tech for AML

    By Editors | 15/06/2022

    The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.

    ESG / Sustainability

    UK Proposes Climate Risk Requirements for Actuaries

    By ESG Investor | 15/06/2022

    The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.

    Market Infrastructure

    UK-Singapore Digital Economy Agreement Enters Into Force

    By Darien Choong | 15/06/2022

    The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.

    Enforcement

    UK FCA Places Credit Suisse on Regulatory Watchlist

    By Editors | 14/06/2022

    Credit Suisse was added to the FCA’s watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.

    AML / KYC

    FATF Re-rates UK for Progress on Correspondent Banking

    By Editors | 14/06/2022

    The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

    ESG / Sustainability

    UK, Japan Formalise Arrangements on Regulatory Cooperation

    By Editors | 13/06/2022

    UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

    Crypto / Digital Assets

    BOE Publishes Primer Explaining Plans for Possible CBDC

    By Editors | 09/06/2022

    The BOE will seek views from the public later this year about the possible issuance of a CBDC in the “second half of the decade” at the earliest.

    ESG / Sustainability

    EU ETS Reform Proposal Falls at Parliamentary Hurdle

    By ESG Investor | 09/06/2022

    Some MEPs argued this would result in more emissions in the short term, choosing to vote down the “weaker” proposal altogether, causing delays.

    ESG / Sustainability

    EU Lawmakers Agree Gender Diversity Directive

    By Editors | 08/06/2022

    The law will require EU listed companies to have women take up at least 40% of non-executive board seats, or 33% of all director posts, by mid-2026.

    Securities / Derivatives

    LME Hit with Lawsuits Over Nickel Trade Cancellations

    By Editors | 07/06/2022

    Judicial review claims from Elliott Associates and Jane Street Global Trading challenge LME’s decisions to cancel nickel trades in March.

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