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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.
AML / KYC
Canada, Switzerland Sanction More Russians, EU Considers 9th Package
By Manesh Samtani | 19/10/2022
The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.
Capital / Liquidity
EU Regulators to Assess Bank Dividend Plans ‘Case-by-Case’
By Editors | 17/10/2022
Steven Maijoor, who serves on the ECB’s supervisory board, said regulators are asking banks to be restrained with dividends and share buybacks.
ESG / Sustainability
EU Council Gives Green Light to Board Gender Rules
By ESG Investor | 17/10/2022
The European Council has approved EU rules to ensure a more balanced gender representation on corporate boards.
AML / KYC
FCA Fines UK Challenger Bank for Weak AML Controls
By Editors | 17/10/2022
Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.
AML / KYC
Glencore Facing Investor Lawsuits Following Bribery Conviction
By Editors | 14/10/2022
Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.
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