Europe

    AML / KYC

    OFAC Sanctions Russian Crypto Miners, UK Targets Military

    By Manesh Samtani | 21/04/2022

    OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.

    Capital / Liquidity

    UK Regulators Warn Banks Against ‘Gaming the Rules’

    By Editors | 18/04/2022

    The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.

    ESG / Sustainability

    European Commission Consults on ESG Ratings Market

    By Editors | 13/04/2022

    The consultation will feed into an impact assessment being prepared this year to evaluate whether a policy initiative on ESG ratings is needed.

    AML / KYC

    EU Approves Russian Coal Ban, Australia Adds Sanctions

    By Manesh Samtani | 08/04/2022

    The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.

    Fintech / Regtech

    European Commission Launches Targeted Consultation on Digital Euro

    By Editors | 07/04/2022

    The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.

    Securities / Derivatives

    ECB Refuses Energy Traders’ Request for Emergency Liquidity

    By Editors | 07/04/2022

    The European Federation of Energy Traders had asked for a fund that could provide emergency liquidity support to support the functioning of energy markets.

    Capital / Liquidity

    EU Banks Seek Easing of Proposed Rules for Third Country Banks

    By Editors | 07/04/2022

    Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

    Fintech / Regtech

    UK Outlines Plan to Become Global Hub for Crypto

    By Editors | 06/04/2022

    The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.

    AML / KYC

    US, UK Announce New Russia Sanctions, EU to Ban Coal Imports

    By Manesh Samtani | 06/04/2022

    New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.

    AML / KYC

    From Russia in Haste

    By ESG Investor | 06/04/2022

    The response of corporates and investors to the invasion of Ukraine suggests both need to overhaul their due diligence processes.

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