Europe

Market Infrastructure

EMMI Finalises Methodology Changes for Euribor Calculation

By Manesh Samtani | 09/03/2024

The new calculation methodology will end the use of ‘expert judgement’ to determine the Euribor rate. Panel banks will start migrating around mid-May 2024.

ESG / Sustainability

UK to Start Regulating ESG Ratings Later This Year

By ESG Investor | 08/03/2024

Budget statement confirms that the UK will regulate ESG ratings, with full consultation and legislative steps due to be announced later this year.

AML / KYC

UK Companies House Probes Erroneous Filings in Corporate Register

By Editors | 08/03/2024

Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.

Sanctions

EU to Sanction 35 Individuals Over Death of Alexei Navalny

By Editors | 07/03/2024

The EU’s sanctions will target the most number of individuals over Navalny’s death compared to those of its allies Australia, Canada, the UK and US.

AML / KYC

FCA Gives Firms 6 Months to Address Financial Crime Concerns

By Editors | 07/03/2024

The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.

Crypto / Digital Assets

Deutsche Börse Launches Institutional Crypto Trading Platform

By Editors | 05/03/2024

Trading on the Deutsche Börse Digital Exchange will initially take place on an RfQ basis, followed by multilateral trading.

Sanctions

UK Launches Inquiry to Assess Russia Sanctions Programme

By Editors | 05/03/2024

The inquiry will also explore the confiscation of frozen Russian assets and whether sanctions should cover buyers of Russian oil and gas.

AML / KYC

EU Parliament Adopts Framework for Digital Identity Wallet

By Editors | 05/03/2024

The EU wallet will be used on a voluntary basis, allowing EU citizens to identify and authenticate themselves online without using commercial providers.

Sanctions

EU Commission Launches New Sanctions Tracking Tool

By Editors | 04/03/2024

The tracker shows that a total of 3,677 individuals and 1,018 entities are currently listed across the EU’s 35 sanctions regimes.