Europe

Capital / Liquidity

EU Council Agrees Position on Basel III Implementation

By Editors | 10/11/2022

The Council has retained the 1 January 2025 start date for implementation proposed by the European Commission a year ago.

Market Infrastructure

FIA Urges Careful Use of Circuit Breakers in Energy Markets

By Sanday Chongo Kabange | 10/11/2022

FIA is supportive of using circuit breakers to manage disorderly markets but not as tools to control or cap prices.

Crypto / Digital Assets

HSBC to Launch Tokenisation Platform for Digital Bond Issuance

By Editors | 09/11/2022

HSBC said the European Investment Bank is exploring using the platform to issue the market’s first-ever GBP tokenised bond.

ESG / Sustainability

UK Takes Next Step to Mandatory Transition Rules

By ESG Investor | 09/11/2022

The UK’s Transition Plan Taskforce has published its draft transition plan framework at COP27 in Sharm El Sheikh.

AML / KYC

UK Court Orders Glencore to Pay Over $300m for Africa Oil Bribes

By Editors | 08/11/2022

The SFO found that Glencore funnelled about $29mn worth of bribes between 2011 and 2016 to gain access to oil rights across Africa.

Crypto / Digital Assets

EU Parliament to Delay MiCA Vote Until Feb 2023 – Report

By Editors | 07/11/2022

The European Parliament was planning to hold its vote on the MiCA text in December. The European Council approved the text in early October.

Crypto / Digital Assets

SIX Dually Lists UBS Bond on Digital & Traditional Exchanges

By Editors | 07/11/2022

UBS says the issuance is the world’s first public benchmark bond that investors can access in both digital and traditional markets.

ESG / Sustainability

ECB Sets New Deadlines for Managing Climate & Environmental Risks

By Manesh Samtani | 04/11/2022

The deadlines will be closely monitored and, if necessary, enforcement action will be taken, the ECB said, adding that bank capital requirements are already being affected.

Crypto / Digital Assets

BIS Innovation Hub to Explore Use of DeFi Protocols in CBDC Trades

By Editors | 03/11/2022

Project Mariana involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres, together with the Bank of France, MAS and Swiss National Bank.