Europe

Capital / Liquidity

EBA Proposes to Integrate E&S Risks in Pillar 1 Framework

By Editors | 16/10/2023

The EBA proposes to include environmental and social risks in the frameworks for credit, market and operational risks.

Market Infrastructure

ESMA Proposes Fee Changes for Tier 1 Third Country CCPs

By Editors | 15/10/2023

Tier 1 third-country CCPs would be allocated annual fees via a weighting factor which depends on global turnover.

Crypto / Digital Assets

ESMA Publishes Two Papers on DeFi Risks and Categorisation

By Mark Johnston | 13/10/2023

One paper analyses the main features, benefits and challenges of DeFi. The other proposes a methodology to classify smart contracts.

Securities / Derivatives

LME, SHFE to Collaborate on Product Innovation

By Editors | 13/10/2023

The exchanges will work together in product innovation to betterThe exchanges will work together to “better serve international participants in risk management and price discovery”. serve international participants in risk management and price discovery.

Enforcement

UK FCA Seeks to Fine & Ban Former CEO of Barclays

By Editors | 13/10/2023

The FCA said James Staley “recklessly approved” a letter to the FCA containing misleading statements about his relationship with Jeffrey Epstein.

Enforcement

Record Fine for KPMG Over Carillion Audit Failure

By ESG Investor | 12/10/2023

KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.

Crypto / Digital Assets

UK FCA Issues 146 Alerts Against Crypto Firms

By Editors | 09/10/2023

The alerts came soon after new rules took effect prohibiting crypto firms from advertising to UK consumers without the FCA’s authorisation.

ESG / Sustainability

UK Finalises Transition Plan Taskforce Disclosures Framework

By ESG Investor | 09/10/2023

Harmonisation and interoperability key to transition plans being consistent, comparable and effective internationally.

ESG / Sustainability

European Parliament Adopts New Standards for Green Bonds

By Editors | 09/10/2023

The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.