Europe

    ESG / Sustainability

    ESMA Publishes Final Guidelines on MiFID II Suitability Requirements

    By Editors | 28/09/2022

    Firms will need to help clients understand the concept of sustainability preferences and explain differences between products with and without sustainability features.

    BOE, FCA to Consult on Removing Banker Bonus Cap

    By Editors | 26/09/2022

    The cap, which limits bonuses to twice basic salary, was introduced in the EU in 2014 to curb excessive risk-taking.

    AML / KYC

    UK Introduces Economic Crime Bill to Parliament

    By Editors | 26/09/2022

    The Bill targets beneficial ownership transparency and will also make it easier for law enforcement to seize and recover cryptoassets.

    Securities / Derivatives

    LME Faces More Lawsuits Over Cancelled Nickel Trades

    By Editors | 25/09/2022

    AQR Capital Management, DRW Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management filed legal action against the LME.

    Big Picture

    AFME Considers Implications of an EU Move to T+1 Settlement

    By Editors | 23/09/2022

    AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.

    Crypto / Digital Assets

    EU Lawmakers Finalise Text of MiCA Legislation – Reports

    By Editors | 23/09/2022

    Limitations on the use of USD-pegged stablecoins within the EU have been removed. Algorithmic stablecoins and tradeable NFTs could be brought into scope.

    Fintech / Regtech

    Banks, Tech Firms Propose Payments Pilot Using EU Digital IDs

    By Editors | 22/09/2022

    European banks and tech firms will show how payments and EU digital ID wallets can be combined across borders and in multiple currencies.

    ESG / Sustainability

    Environmental Groups Take Legal Action over EU Taxonomy

    By ESG Investor | 22/09/2022

    Four environmental groups are set to start legal action in an attempt to prevent the EU including fossil gas in its sustainable finance rulebook.

    Crypto / Digital Assets

    Deutsche Börse Goes Live With Digital Securities Platform

    By Editors | 21/09/2022

    The D7 platform allows FIs to issue digital financial instruments, providing an alternative to conventional physical issuance and securities processing.

    ESG / Sustainability

    ECB Issues Bond Decarbonisation Plans

    By ESG Investor | 21/09/2022

    The ECB has published details of how it intends to “gradually decarbonise” the corporate bond holdings in its monetary policy portfolio.

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