EUROPE

Sanctions

Moldovan Banks Stop Accepting Money Transfers from Russia

By Editors | 10/09/2024

The four remaining Moldovan banks that were still accepting transfers via Russia’s Zolotaya Korona system have stopped doing so.

Sanctions

Russia Blocks Sale on Stake in Raiffeisen’s Local Bank – Report

By Editors | 10/09/2024

Raiffeisen Bank International will attempt to reverse the decision, which represents the biggest freeze involving a Western bank in Russia.

Sanctions

Iran Facing New Sanctions Over Missile Shipments to Russia

By Editors | 09/09/2024

US officials have confirmed the delivery of hundreds of short-range ballistic missiles to Russia. The US and EU intend to respond with sanctions.

Fintech / Regtech

US, EU, UK Sign Legally-binding International Treaty on AI

By Manesh Samtani | 08/09/2024

The international treaty aims to promote innovation while protecting human rights, democracy and the rule of law.

Enforcement

German Court Orders Former Wirecard Execs to Pay Damages

By Editors | 06/09/2024

The court found that three executives should be held personally liable for granting €100mn in loans without due diligence or collateral.

Fintech / Regtech

UK Proposes to Lower Limit for APP Fraud Reimbursements

By Nithya Subramanian | 06/09/2024

The PSR has proposed to revise its December 2023 plan to reduce the reimbursement limit from GBP 415,000 to GBP 85,000.

Capital / Liquidity

UK PRA Orders HSBC to Review Data and Risk Practices – Report

By Nithya Subramanian | 05/09/2024

The regulator will reportedly require an independent expert review to evaluate four areas: model risk, risk data quality, traded risk, and credit risk.

ESG / Sustainability

Chinese Issuers Increasingly Adopting CGT in Green Bond Issuances

By Manesh Samtani | 04/09/2024

As of 31 July, 325 green bonds aligned with the China-EU Common Ground Taxonomy have been issued in China’s interbank market.

Sanctions

UK Suspends 30 Export Licences to Israel Over Humanitarian Concerns

By Editors | 03/09/2024

30 of 350 export licences to Israel were suspended due to a “clear risk” that items might be used to violate international humanitarian law.