Europe

Capital / Liquidity

Switzerland Proposes Tighter Regulatory Requirements for Big Banks

By Nithya Subramanian | 11/04/2024

The Swiss Federal Council proposes to expand capital, liquidity and corporate governance requirements for D-SIBs, among other measures.

Enforcement

US PCAOB Penalises KPMG, Deloitte for Exam Cheating

By Nithya Subramanian | 11/04/2024

KPMG Netherlands was fined USD 25 million and Deloitte affiliates in Indonesia and Philippines were fined USD 2 million.

Capital / Liquidity

EU May Adjust Bank Capital Rules to Ensure Competitiveness

By Nithya Subramanian | 11/04/2024

The European Commission could adjust bank capital requirements to maintain a level-playing field internationally for EU banks.

Market Infrastructure

EU Seeks to Coordinate T+1 Transition with UK, Switzerland

By Editors | 11/04/2024

The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.

Sanctions

EU Starts Work on 14th Russia Sanctions Package

By Editors | 10/04/2024

Valdis Dombrovskis said the 14th package against Russia would have a “strong anti-circumvention focus” and “should be adopted in spring”.

Market Infrastructure

EU Firms “Prepared” to Meet UPI Reporting Requirments: DSB

By Editors | 10/04/2024

The DSB said its user onboarding data reveals a steady increase in EU headquartered firms joining the UPI service.

Capital / Liquidity

FINMA Attempts to Withhold Documents in Credit Suisse-related Lawsuits

By Editors | 09/04/2024

The lawsuits relate to losses suffered by investors as a result of a decision by Swiss authorities to wipe out Credit Suisse AT1 bonds in the bank’s rescue last year.

Crypto / Digital Assets

ESMA Calls on EU Commission to Clarify Aspects of DLT Pilot Regime

By Manesh Samtani | 08/04/2024

Four applications have been received and eight others are expected in 2024, but no authorisations have been granted under the Regime.

Capital / Liquidity

Bank Capital Rules Are Holding Back Transition: Study

By ESG Investor | 05/04/2024

EBA analysis found that the models used by banks produce a lower risk rating for high carbon than low carbon sectors.