Europe

ESG / Sustainability

ECB Makes “Groundbreaking” Shift on Climate

By ESG Investor | 05/07/2022

The ECB will introduce gradual limits on the use of bonds issued by companies with high carbon footprints.

Market Infrastructure

UK FCA Consults on Remaining LIBOR Transition Steps

By Editors | 04/07/2022

The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.

Enforcement

Tougher Enforcement, Regulation on ESG Funds a “Wake-up Call”

By ESG Investor | 03/07/2022

DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.

Crypto / Digital Assets

EU Lawmakers Agree on AML Framework for Crypto

By Manesh Samtani | 30/06/2022

Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.

AML / KYC

G7 Nations Announce Ban on Russian Gold Imports

By Manesh Samtani | 30/06/2022

The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

AML / KYC

Swiss Criminal Court Convicts Credit Suisse for Money Laundering

By Editors | 29/06/2022

The court said Credit Suisse ignored obvious red flags and did not do enough to prevent a crime syndicate from profiting from cocaine trafficking.

ESG / Sustainability

ESG Ratings Providers Fall Short on Transparency – ESMA

By ESG Investor | 27/06/2022

There are 59 ESG ratings providers active in the EU, ESMA said in a letter to the European Commission.

Securities / Derivatives

LME to Introduce New Reporting Requirements on 18 July

By Editors | 20/06/2022

A lack of transparency in OTC positions was a key reason the LME struggled to manage the turbulent nickel trading earlier this year.

Crypto / Digital Assets

UK Crypto Firms Required to Comply with Travel Rule by Sep 2023

By Manesh Samtani | 20/06/2022

The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.