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Europe
AML / KYC
US, UK, Canada Sanction Former Governor of Lebanon Central Bank
By Editors | 11/08/2023
The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.
Sanctions
Russia Suspends Tax Agreements with 38 Countries
By Mark Johnston | 11/08/2023
The double-taxation treaties are suspended in view of “unfriendly actions” of certain countries.
Sanctions
US, Canada, New Zealand Target Belarus With New Sanctions
By Editors | 10/08/2023
The coordinated sanctions come on the three-year anniversary of a presidential election which Alexander Lukashenko won by allegedly falsifying votes.
UK FRC Consults on Strengthening Ethical Standards for Auditors
By ESG Investor | 10/08/2023
Proposed revisions seek to further enhance and clarify the principles of integrity, objectivity and independence auditors must abide by.
Fintech / Regtech
UK Commits to Taking Forward Payments System Reforms
By Editors | 09/08/2023
The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.
Sanctions
UK Targets Third Country Military Suppliers With Sanctions
By Editors | 09/08/2023
The sanctions target individuals and businesses in Iran, Turkey, Belarus, Slovakia, Switzerland, the UAE and Russia for supporting the war in Ukraine.
Fintech / Regtech
EBA Issues Report on the Use of Machine Learning for IRB Models
By Manesh Samtani | 07/08/2023
The report proposes a set of principle-based recommendations to ensure the appropriate use of ML techniques by institutions in the context of IRB models.
Securities / Derivatives
UK FCA Publishes Supervisory Strategy for Principal Trading Firms
By Mark Johnston | 05/08/2023
The FCA underlines operational resilience and Brexit’s implications among its its key supervisory priorities for principal trading firms.
ESG / Sustainability
UK Sets Sustainability Disclosure Standards Deadline
By ESG Investor | 03/08/2023
The standards will utilise the ISSB framework as a baseline, only diverting from it “if absolutely necessary for UK specific matters”.
Fintech / Regtech
UK to Develop New Data Standards for Regulatory Reporting
By Editors | 02/08/2023
The BOE and FCA have endorsed key recommendations that will transform regulatory data collections in the UK.
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