Europe

ESG / Sustainability

EU Firms Face Streamlined Sustainability Reporting Regime

By ESG Investor | 18/11/2022

Following MEP backing for CSRD, disclosure requirements for the largest companies will go live from 2024.

ESG / Sustainability

EU Watchdogs Ask for Input on Greenwashing Risks

By ESG Investor | 16/11/2022

The feedback may lead to further supervisory or enforceable action to reduce greenwashing risks; ESAs also call for an extension to the PAI review.

Securities / Derivatives

ESMA Recognises Bursa Malaysia Derivatives Clearing as TC-CCP

By Editors | 16/11/2022

The recognition will make it easier and more cost-effective for European counterparties to access Malaysia’s derivatives market.

Market Infrastructure

Chinese Firms Continue to List GDRs on SIX Swiss Exchange

By Editors | 16/11/2022

Since July eight Chinese companies have raised more than USD 2.5 billion via GDR listings on the SIX Swiss Exchange.

Crypto / Digital Assets

EU Parliament Adopts DORA Text, Enforcement Expected in 2025

By Editors | 14/11/2022

New requirements on network and information system security will apply to all financial system participants, including crypto firms and cloud services providers.

ESG / Sustainability

Overwhelming Majority for CSRD Secured in EU Parliament

By ESG Investor | 14/11/2022

The EU Parliament has adopted new sustainability reporting rules for large companies under the Corporate Sustainability Reporting Directive.

Capital / Liquidity

India Resists ESMA Requirements on CCP Recognition – Reports

By Manesh Samtani | 14/11/2022

ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.

AML / KYC

UK OFSI Has Frozen Over $21b of Russian Linked Assets

By Editors | 13/11/2022

Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.

AML / KYC

LME Decides Against Banning Russian Metals from Warehouses

By Editors | 13/11/2022

The LME received feedback that a “material portion” of the market is still planning to buy Russian metal in 2023.