Europe

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.

AML / KYC

EU Proposes to Make AML Compliance a Licence Condition

By Editors | 05/06/2022

EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.

Big Picture

ESG Ratings Diverge Substantially, with Real-Economy Impact

By ESG Investor | 04/06/2022

Analysis across KLD, Sustainalytics, Moody’s ESG, S&P Global, Refinitiv and MSCI finds significant differences in how indicators are measured.

ESG / Sustainability

ESMA Issues Supervisory Guidance on Greenwashing in Funds

By Editors | 04/06/2022

ESMA says administrative measures, including enforcement, may be appropriate in cases where SFDR disclosures are misleading or do not match fund documentation.

ESG / Sustainability

LuxSE, India INX Announce New MOU, First Dual Listing

By Editors | 02/06/2022

The MOU promises to facilitate listings of Indian sustainable securities on LuxSE, which will help to enhance their visibility to international investors.

AML / KYC

US Issues New Russia Sanctions, EU Approves 6th Package

By Editors | 02/06/2022

The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.

ESG / Sustainability

DWS CEO Quits Over Greenwashing Accusations

By ESG Investor | 02/06/2022

Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.

Crypto / Digital Assets

UK Proposes Framework for Dealing with Stablecoin Failures

By Editors | 02/06/2022

HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.

AML / KYC

EU Leaders Agree to Ban 90pc of Russian Oil by Year-end

By Manesh Samtani | 01/06/2022

The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.