EUROPE

AML / KYC

UK Issues Draft Rules to Promote Trust in Digital Identity

By Editors | 15/02/2021

New draft rules are aimed at deepening trust and confidence in digital identities through the adoption of common standards to safeguard personal data and privacy.

ESG / Sustainability

Singapore v EU: How Their Green Taxonomies Compare

By Shuhui Kwok | 11/02/2021

Allen & Overy’s Shuhui Kwok discusses Singapore’s proposed green taxonomy, describing how it aligns with – and differs from – the EU Taxonomy Regulation.

Enforcement

Leaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud

By Sanday Chongo Kabange | 09/02/2021

The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.

Enforcement

London Trader Jailed for LIBOR Manipulation Released

By Editors | 05/02/2021

Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.

Market Infrastructure

Is it Time to Regulate ESG Scores and Ratings?

By ESG Investor | 03/02/2021

End-users are seeking more transparency around cost and methodology to improve comparability across third-party vendors.

Germany’s BaFin to Be Reorganised, Top Officials Forced Out

By Editors | 31/01/2021

Finance minister Olaf Scholz said the Wirecard affair revealed a need to reorganise Germany’s system of financial regulation “so that it can fulfil its supervisory role more effectively”.

Market Infrastructure

LME Proposes to Close Europe’s Last Open-outcry Trading Venue

By Editors | 21/01/2021

The LME’s trading ring has been used for metals trading since 1877. It’s temporary closure in March due to the Covid-19 pandemic may end up being permanent.

Fintech / Regtech

EU Competition Authorities Approve LSEG-Refinitiv Merger

By Manesh Samtani | 14/01/2021

The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction, the European Commission said in a statement.

Market Infrastructure

LIBOR Transition Must be Complete by Year-End, UK Regulators Warn

By Editors | 14/01/2021

From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.