Europe

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.

New Consumer Duty Regime Enters into Force in UK

By Editors | 01/08/2023

The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.