Europe

ESG / Sustainability

EFRAG Consults on European Sustainability Reporting Standards

By ESG Investor | 03/05/2022

The double materiality-based standards are designed to underpin the EU’s Corporate Sustainability Reporting Directive.

AML / KYC

German Authorities Raid Deutsche Bank in Money Laundering Probe

By Editors | 02/05/2022

The raids are reportedly connected to late SARs filings involving a transaction linked to the family of Syrian leader Bashar al-Assad.

ESG / Sustainability

Asset Managers Report EU Taxonomy Teething Problems

By ESG Investor | 30/04/2022

A new PRI report outlines recommendations to ensure clarity and ease the reporting process.

Capital / Liquidity

BOE’s Woods Proposes Simplified Bank Capital Framework

By Manesh Samtani | 28/04/2022

The hypothetical framework would replace the current set of buffers with a “single, releasable buffer of common equity”, sitting on top of a low minimum requirement.

ESG / Sustainability

New UK Taskforce to Set Standards for Climate Transition Plans

By Editors | 27/04/2022

The taskforce will develop policy recommendations, sector-specific transition planning templates and guidance, and measures to tackle greenwashing.

Securities / Derivatives

LME to Cease Trading in Gold, Silver Futures in July

By Editors | 27/04/2022

The LME said the decision was made following discussions with market participants and “in light of the low levels of trading activity”.

AML / KYC

FCA Directs Challenger Banks to Bolster FCC Controls

By Editors | 26/04/2022

The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.

AML / KYC

European Crypto Firms Push Back Against Proposed Regulations

By Editors | 24/04/2022

Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.

ESG / Sustainability

UK FCA Finalises Rules on Board Diversity Disclosure, Targets

By Editors | 21/04/2022

At least 40 percent of the board, and at least one senior position, should be held by women. Disclosures requirements apply for accounting periods starting 1 April 2022.