Europe

ESG / Sustainability

BNP Paribas Sued over Fossil Fuel Financing

By ESG Investor | 27/02/2023

BNP Paribas is being taken to court over its alleged failure to comply with France’s duty of vigilance law regarding climate change.

Fintech / Regtech

UK, Australia Should Draw Open Banking Lessons from Each Other

By Mark Johnston | 26/02/2023

NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia’s open banking implementations.

Market Infrastructure

UK Version of EMIR Refit to Take Effect from 30 Sept 2024

By Editors | 26/02/2023

The FCA and BOE have set out the final changes to the derivatives reporting framework under UK EMIR. Draft validation rules and XML schemas are open for feedback.

Securities / Derivatives

LME to Resume Nickel Trading in Asian Hours on 20 March

By Editors | 25/02/2023

The LME hopes the resumption of trading during Asian market hours will “further contribute to liquidity rebuilding in the nickel market.”

Capital / Liquidity

UK FCA Seeks to Enhance Rules for Asset Management Sector

By Mark Johnston | 23/02/2023

The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.

Market Infrastructure

14 European Exchanges Join Forces to Develop Consolidated Tape

By Editors | 22/02/2023

The participating exchange groups include Deutsche Boerse Group, Euronext, Nasdaq, and SIX Group, as well as the local exchanges in  several European cities.

Market Infrastructure

BOE Sets Out Vision for UK Payments with RTGS Roadmap

By Mark Johnston | 21/02/2023

The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.

AML / KYC

AUSTRAC Signs Anti-Financial Crime MoUs with UK FCA, HMRC

By Editors | 20/02/2023

The MoUs will support improved supervisory practices and tools, and facilitate enhanced monitoring of businesses operating across the UK and Australia.

Capital / Liquidity

EU Banks Will Have to Meet 1,250% Crypto Risk Weight Early

By Manesh Samtani | 19/02/2023

A draft law confirms that the 1,250% risk weight set by the BCBS will apply to crypto asset exposures. But EU banks are asked to comply before the rule is legally binding.