Europe

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    ESG / Sustainability

    UK FCA Issues Guidance on Sustainability Disclosure Requirements

    By ESG Investor | 05/11/2024

    The guidance provides examples of good practice for complying with the SDR requirements, as well as examples of poor disclosure based on its experience to date.

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    Fintech / Regtech

    FCA Issues Guidance on Preparing for CrowdStrike-Style Outages

    By Manesh Samtani | 05/11/2024

    The FCA offers guidance on compliance with its operational resilience rules by 31 March 2025, drawing lessons from the response to CrowdStrike’s July outage.

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    Enforcement

    Global Operation Dismantles Major Malware Operations: Eurojust

    By Nithya Subramanian | 02/11/2024

    Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.

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    Fintech / Regtech

    BOE Flags Potential Risks of GenAI for Financial Sector

    By Thisanka Siripala | 01/11/2024

    BOE’s Sarah Breeden suggested that stress tests be conducted to determine whether AI models could amplify market shocks.

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    Sanctions

    UK, EU, Canada Announce New Sanctions Targeting Myanmar Military

    By Editors | 31/10/2024

    The sanctions target those supplying aviation fuel to Myanmar’s military in response to airstrikes against civilians, as well as scam operations in the country.

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    Securities / Derivatives

    French, German Banks to Extend Dealings With Indian CCPs

    By Editors | 31/10/2024

    At the same time, French and German regulators have asked their banks to consider alternate arrangements with local lenders.

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    Sanctions

    UK Sanctions Three Entities Responsible for Russian Disinformation

    By Editors | 31/10/2024

    The three entities are responsible for a “vast malign online network” which “plagues social media with fake posts, counterfeit documents and deepfake material”.

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    UK FCA Sets Priorities and Expectations for Retail Banks in 2025

    By Nithya Subramanian | 30/10/2024

    Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.

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    AML / KYC

    Italy Uncovers Major VAT Fraud Linked to Chinese Money Laundering Network

    By Nithya Subramanian | 29/10/2024

    The operation spanned 20 Italian cities, leading to the seizure of high-end assets and the arrest of seven suspects, including two alleged ringleaders.

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    Sanctions

    US Finalised $20b Portion of G7 Loan for Ukraine

    By Editors | 24/10/2024

    The rest of the $50bn loan will be provided by other G7 allies. Earnings from frozen Russian assets will be used for repayments.

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