Europe

AML / KYC

US Issues New Russia Sanctions, EU Approves 6th Package

By Editors | 02/06/2022

The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.

ESG / Sustainability

DWS CEO Quits Over Greenwashing Accusations

By ESG Investor | 02/06/2022

Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.

Crypto / Digital Assets

UK Proposes Framework for Dealing with Stablecoin Failures

By Editors | 02/06/2022

HM Treasury proposes to give the BOE powers to appoint administrators to oversee insolvency arrangements with failed stablecoin issuers.

AML / KYC

EU Leaders Agree to Ban 90pc of Russian Oil by Year-end

By Manesh Samtani | 01/06/2022

The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.

ESG / Sustainability

German Prosecutors Raid DWS Offices Over ESG Claims

By Editors | 01/06/2022

“Sufficient factual evidence” has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.

Crypto / Digital Assets

ECB Calls for Urgent EU Approval of MiCA Regulation

By Sanday Chongo Kabange | 28/05/2022

Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.

AML / KYC

Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes

By Manesh Samtani | 26/05/2022

The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.

ESG / Sustainability

BOE Publishes Results of First Supervisory Climate Stress Test

By Manesh Samtani | 25/05/2022

Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth $418bn by 2050.

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

By Editors | 25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.