International

Enforcement

EU Commission Accuses Two Banks of Cartel Conduct

By Editors | 12/12/2022

Deutsche Bank and Rabobank traders allegedly exchanged commercially sensitive information and coordinated pricing and trading strategies on government bonds.

Sanctions

EU Commission Proposes Ninth Russia Sanctions Package

By Editors | 12/12/2022

The package covers almost 200 individuals and entities, including three more Russian banks. More export controls, mining investments, and Russian TV channels also targeted.

Capital / Liquidity

FSB Announces Decision to Discontinue Annual G-SII Identification

By Editors | 12/12/2022

The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.

AML / KYC

EU Council Agrees Position on AML/CFT Reform Package

By Manesh Samtani | 11/12/2022

The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.

ESG / Sustainability

ESMA Labelling Rules to Complicate Green Fund Market

By ESG Investor | 11/12/2022

Plans to introduce minimum investment thresholds risk creating two types of Article 8 products, says Julia Vergauwen at Linklaters.

Market Infrastructure

EU Commission Proposes New Rules on Clearing, Listing

By Editors | 11/12/2022

EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

ESG / Sustainability

BCBS Issues Guidance on Capturing Climate Risks in Pillar 1 Standards

By Editors | 09/12/2022

The FAQs cover RWA calculations for credit risk, operational risk, and market risk, as well as considerations for meeting LCR requirements.

Capital / Liquidity

More Work Needed on Resolution Plans for CCPs, Insurers: FSB

By Editors | 09/12/2022

The FSB said resolution planning for G-SIBs is maturing but more progress is needed on the development of resolution plans for CCPs and insurers.

ESG / Sustainability

Banks Get New Guidance on Financing Net Zero in Agriculture

By Editors | 08/12/2022

The new guidance sets out four key steps for setting agricultural emissions targets and calls on banks to engage with farmers on sustainable strategies.