Europe

ESG / Sustainability

UK FCA Finalises Rules on Board Diversity Disclosure, Targets

By Editors | 21/04/2022

At least 40 percent of the board, and at least one senior position, should be held by women. Disclosures requirements apply for accounting periods starting 1 April 2022.

AML / KYC

OFAC Sanctions Russian Crypto Miners, UK Targets Military

By Manesh Samtani | 21/04/2022

OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.

Capital / Liquidity

UK Regulators Warn Banks Against ‘Gaming the Rules’

By Editors | 18/04/2022

The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.

ESG / Sustainability

European Commission Consults on ESG Ratings Market

By Editors | 13/04/2022

The consultation will feed into an impact assessment being prepared this year to evaluate whether a policy initiative on ESG ratings is needed.

AML / KYC

EU Approves Russian Coal Ban, Australia Adds Sanctions

By Manesh Samtani | 08/04/2022

The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.

Fintech / Regtech

European Commission Launches Targeted Consultation on Digital Euro

By Editors | 07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.

Securities / Derivatives

ECB Refuses Energy Traders’ Request for Emergency Liquidity

By Editors | 07/04/2022

The European Federation of Energy Traders had asked for a fund that could provide emergency liquidity support to support the functioning of energy markets.

Capital / Liquidity

EU Banks Seek Easing of Proposed Rules for Third Country Banks

By Editors | 07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

Fintech / Regtech

UK Outlines Plan to Become Global Hub for Crypto

By Editors | 06/04/2022

The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.