Europe

ESG / Sustainability

FCA Proposes Three New Green Labels for UK Funds

By ESG Investor | 26/10/2022

The FCA has published its much-anticipated consultation outlining measures to tackle greenwashing.

AML / KYC

UK: Industry Calls for Clear Rules on Data Sharing to Combat Scams

By Mark Johnston | 26/10/2022

RUSI and Stop Scams UK say policy changes are needed to allow data sharing for the purpose of combatting scams.

Enforcement

Credit Suisse Clears Litigation Docket Ahead of Overhaul

By Editors | 25/10/2022

Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.

ESG / Sustainability

EU Council Sets Out Position on Global Biodiversity Framework

By ESG Investor | 25/10/2022

The EU Council has finalised its negotiating position ahead of final COP15 discussions for the Global Biodiversity Framework, due to take place in December.

Enforcement

FCA Seeks £50m Penalty from Barclays for 2008 Deals

By Editors | 24/10/2022

Barclays did not disclose payments made to Qatari entities for their participation in two capital raisings during the GFC in 2008.

Capital / Liquidity

Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX

By Editors | 21/10/2022

With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.

Enforcement

German Prosecutors Raid Deutsche Offices for “Cum-Ex” Probe

By Editors | 21/10/2022

The Cum-Ex scandal dates back more than a decade. Deutsche Bank is said to be fully cooperating with inspections at its Frankfurt offices.

AML / KYC

EU to Sanction Iran Over Drone Sales to Russia

By Editors | 20/10/2022

The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

Crypto / Digital Assets

Energy Crisis May Force EU Crypto Mining Suspension

By Mark Johnston | 19/10/2022

The European Commission said EU member states must be ready to stop crypto-asset mining activities if there is a need for load shedding in electricity systems.