Europe

Anti-Money Laundering

European Commission Publishes Strategy to Combat Human Trafficking

By Sanday Chongo Kabange | 20/04/2021

The 5-year strategy includes the use of financial investigations and the development of a framework to identify, seize and confiscate criminal assets.

Climate Risk

Industry Bodies Urge EU, UK to Link Emissions Trading Systems

By Sanday Chongo Kabange | 19/04/2021

Linking the systems ahead of COP 26 would reaffirm the UK and EU as climate leaders and demonstrate strong advocacy for international carbon markets.

Clearing & Post-Trade

ECB Calls for Common Standards for DLT Use in Post-Trade

By Sanday Chongo Kabange | 19/04/2021

Common protocols and standards are needed to improve the use of DLT in post-trade processes and avoid market fragmentation.

Climate Risk

‘Brown’ Investments Risk Larger Losses from Transition Shocks

By ESG Investor | 16/04/2021

ESMA has found that green funds are less exposed to systemic network risks, while brown funds are more exposed to transition shocks.

CBDCs

Privacy Cited as Top Concern for a European CBDC

By Sanday Chongo Kabange | 15/04/2021

ECB survey respondents cited privacy as the top priority feature for a potential digital euro, followed by security and usability across the euro area.

Supervision & Enforcement

BaFin Faces Criminal Probe Over Wirecard Response

By Sanday Chongo Kabange | 14/04/2021

BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.

Structural Regulation

FCA to Consult on Stronger Protections for SPAC Investors

By Editors | 06/04/2021

The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.

Trading & Investment

FCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives

By Editors | 05/04/2021

The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.

Operational Risk

FCA, BOE Set Out Priority Areas for LIBOR Transition

By Manesh Samtani | 30/03/2021

Supervisory tools may be used to address insufficient progress and poor risk management or governance.