Europe

Capital / Liquidity

UK Delays Basel III Implementation Amid US Uncertainty

By Thisanka Siripala | 21/01/2025

The PRA said Basel III implementation will be delayed an additional year until January 2027. The EU is now considering its options.

AML / KYC

UK Minister Resigns Over Ties to Ousted Bangladesh PM

By Nithya Subramanian | 20/01/2025

Tulip Siddiq denied any wrongdoing but said she was resigning because her position was “likely to be a distraction from the work of the government”.

AML / KYC

UK, China Agree to Deepen Capital Markets Cooperation

By Manesh Samtani | 18/01/2025

The two sides agreed to enhance the UK-China Stock Connect and explore ETF and Wealth Connect schemes. The UK will also form a task force to support China capital market reforms.

AML / KYC

Belgian Regulator Probes ING Over for Alleged AML Violations

By Nithya Subramanian | 17/01/2025

ING Bank allegedly delayed reporting suspicious financial activities linked to former European Commissioner Didier Reynders.

ESG / Sustainability

EBA Provides Banks with Clarity on ESG Risks

By ESG Investor | 17/01/2025

New guidelines set out requirements for European banks on the management of ESG-related risks. New consultation proposes guidelines on ESG scenario analysis.

Sanctions

OFAC, OFSI Publish MOU on Sanctions Cooperation

By Manesh Samtani | 14/01/2025

The MOU aims to foster greater alignment in sanctions enforcement by facilitating secure and collaborative information sharing.

Capital / Liquidity

Claim Amount Quadruples in Lawsuit Over Credit Suisse AT1 Writedown

By Thisanka Siripala | 14/01/2025

An amended complaint filed in New York adds 39 plaintiffs including AllianceBernstein and a subsidiary of Japan’s Nomura Holdings

Sanctions

EU Delivers First €3b Tranche of G7 Loan Funds to Ukraine

By Editors | 14/01/2025

The funds will be repaid from the proceeds of Russian assets that have been immobilised in the EU due to sanctions.

AML / KYC

Bangladesh Authorities Demand UK Minister’s Financial Records

By Nithya Subramanian | 14/01/2025

BFIU is investigating whether UK minister Tulip Siddiq was involved in siphoning funds from Bangladesh through her links to ousted Prime Minister Sheikh Hasina.