Europe

Securities / Derivatives

FINMA Grants Approval Allowing SIX to Deal in Digital Securities

By Editors | 16/09/2021

SIX Digital Exchange is approved to act as a CSD and its associated company SDX Trading to act as a stock exchange.

AML / KYC

German Finance, Justice Ministries Raided in Probe of FIU

By Sanday Chongo Kabange | 15/09/2021

The probe was launched following complaints that the FIU had not acted on millions of euros of suspect transactions between 2018 and 2020.

Big Picture

EU Regulators Warn of Cyber Risk, Credit Losses, Market Exuberance

By Sanday Chongo Kabange | 12/09/2021

The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.

Enforcement

Global Regulators Heighten Scrutiny Over ESG Mislabelling – Reports

By Sanday Chongo Kabange | 09/09/2021

Increased scrutiny from US, EU and UK regulators have forced asset managers to review current practices for classifying funds as ESG-focused.

Enforcement

BaFin Joins US SEC, DOJ in Probing Collapsed Allianz Funds

By Ranamita Chakraborty | 07/09/2021

Allianz is facing probes from BaFin, SEC and DOJ, as well as 25 investor lawsuits, over last year’s collapse of its Structured Alpha Funds.

ESG / Sustainability

EU Banks Urged to Accelerate Adoption of ESG Risk Strategies

By ESG Investor | 02/09/2021

European Commission report finds most European banks are failing to highlight, measure and report on their ESG risks.

Enforcement

US SEC, BaFin Probe DWS Over ESG Investment – Reports

By Editors | 30/08/2021

The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.

Capital / Liquidity

EU Banks Using Window Dressing to Avoid G-SIB Surcharges

By Manesh Samtani | 13/08/2021

Several EU banks may be purposefully compressing their balance sheets at year-end to lower their G-SIB scores and the associated capital surcharges.

Market Infrastructure

Japan, UK Regulators Exchange Letters on CRA Supervision

By Editors | 11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.