Europe

Market Infrastructure

EU Lawmakers Agree to Defer Mandatory Buy-in Rules

By Manesh Samtani | 29/11/2021

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

Market Infrastructure

FCA Confirms Rules on Using Synthetic GBP and JPY LIBOR

By Manesh Samtani | 16/11/2021

Synthetic GBP and JPY LIBOR rates will be published until end-2022 and can be used in all legacy LIBOR contracts other than cleared derivatives.

Fintech / Regtech

Malaysia Joins PoC Project to Test Cross-border Payment Links

By Editors | 11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

ESG / Sustainability

LSEG, JPX to Develop Climate Indices for Japan Equity Market

By Editors | 07/11/2021

The new indices will enable investors to reallocate capital based on the climate credentials and carbon performance of the constituent companies in the index.

ESG / Sustainability

FCA Seeks Input on Disclosure, Labelling System for ESG Products

By Editors | 07/11/2021

The FCA is seeking views on product classification and labelling criteria for sustainable investment products, as well as asset manager and product-level disclosures.

Enforcement

FCA Bans Ex-Barclays Banker for Life Over EURIBOR Rigging

By Editors | 07/11/2021

The decision comes after the former banker lost an attempt to overturn his 2019 conviction and sentencing to five years in prison.

Market Infrastructure

China, EU Publish Common Sustainable Finance Taxonomy

By Manesh Samtani | 05/11/2021

The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.

Capital / Liquidity

UK Postpones Consultation Signalling Basel III Implementation Delay

By Editors | 03/11/2021

Implementation of the final Basel III requirements will not take place in the UK according to the globally agreed timeline.

ESG / Sustainability

UK Climate Reporting Legislation for Companies “Lacks Ambition”

By ESG Investor | 03/11/2021

The existing scope of companies falling under new requirements is too narrow and TCFD alignment not close enough, says ClientEarth.