Europe

Fintech / Regtech

Evolving AI Risks and Regulations in Singapore and the EU

By Peiying Chua | 31/01/2022

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

ESG / Sustainability

EBA Finalises Pillar 3 Disclosure Rules for ESG Risks

By Sanday Chongo Kabange | 28/01/2022

Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.

ESG / Sustainability

Deutsche Börse, GFEX to Cooperate on Carbon Market Development

By Editors | 19/01/2022

Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.

ESG / Sustainability

ESG Explainer: UK Sustainability Disclosure Requirements

By ESG Investor | 17/01/2022

New framework aims to broaden sustainability reporting and embrace double materiality but faces long path to law.

Crypto / Digital Assets

BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

By Editors | 13/01/2022

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

Market Infrastructure

UK National Security and Investment Act 2021 Takes Effect

By Editors | 07/01/2022

The NSI Act gives the government broader powers to scrutinise and intervene in acquisitions in 17 sectors that could give rise to national security risks.

Enforcement

BaFin Fines Deutsche Bank for Over EURIBOR Control Lapses

By Editors | 04/01/2022

BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.

AML / KYC

UK Court Hands Down Longest Ever Jail Terms for Money Laundering

By Editors | 02/01/2022

A Russian and Lithuanian were sentenced to 16 and 17 years in prison, respectively, for laundering £70mn over four years.

Enforcement

UK Regulator Fines StanChart Over Liquidity Reporting Errors

By Editors | 24/12/2021

The PRA said StanChart’s internal controls and governance arrangements underpinning its regulatory reporting were not implemented or operating effectively.