Europe

Market Infrastructure

Industry Bodies Call For Delay to EU Third-country Benchmarks Regime

By Editors | 22/11/2020

ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.

ESG / Sustainability

Getting to Grips with the EU Taxonomy Regulation

By Daniel Flatt | 18/11/2020

Designed to deter greenwashing, will the new classification system release asset owners to invest sustainably?

ESG / Sustainability

UK TCFD Taskforce Unveils Plan for Mandatory Climate Disclosures

By ESG Investor | 12/11/2020

The roadmap outlines a five-year timetable for a range of UK financial institutions to comply with mandatory disclosure requirements.

AML / KYC

Philippine Authorities Probe Financial Transactions Linked to Wirecard

By Sanday Chongo Kabange | 11/11/2020

The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.

Market Infrastructure

The AIFMD Review: Potential Impacts for Asia Pacific

By Arthur Carabia | 10/11/2020

While some of the proposals could be harmful to market participants, the review presents an opportunity to clarify certain elements of AIFMD, says ICMA’s Arthur Carabia.

ESG / Sustainability

EBA Consults on Integrating ESG into Risk Management, Supervision

By ESG Investor | 08/11/2020

The consultation paper focuses on counterparty risks and climate change impacts for European investment firms and credit institutions.

Enforcement

BaFin, FREP Were Deficient in Supervising Wirecard, says ESMA

By Editors | 04/11/2020

ESMA says it identified deficiencies, inefficiencies and legal and procedural impediments in the supervisory response to Wirecard between 2016 and 2018.

Market Infrastructure

Bovill Research Calls into Question Efficacy of FCA’s SMCR

By Shruti Khairnar | 28/10/2020

The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.

Fintech / Regtech

BIS, Swiss National Bank to Issue CBDC Proof of Concept by Year-End

By Sanday Chongo Kabange | 27/10/2020

CBDC research provides an “essential opportunity” to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.