Europe

ESG / Sustainability

UK FCA Delays Sustainability Disclosure Requirements

By ESG Investor | 29/03/2023

The requirements were set to come into force on 30 June, with labelling and disclosure reforms slated for 2024. These proposed dates will be adjusted.

Fintech / Regtech

UK Promises ‘Adaptable Approach’ to Regulating AI

By Sanday Chongo Kabange | 29/03/2023

Five principles will guide the use of artificial intelligence in the UK. In future, a statutory duty may require regulators to have due regard to the principles.

Capital / Liquidity

FINMA May Discipline Credit Suisse Managers

By Editors | 29/03/2023

FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.

Securities / Derivatives

LME Resumes Asian Hours Trading in Nickel

By Editors | 29/03/2023

The LME hopes the expanded hours will boost nickel trading volumes, which were little changed on Monday.

AML / KYC

26 Countries Commit to Transparent Beneficial Ownership

By Manesh Samtani | 29/03/2023

The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.

AML / KYC

EU Lawmakers Agree New AML/CFT Rules

By Editors | 29/03/2023

Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.

UK Launches Review of Whistleblowing Framework

By Editors | 28/03/2023

The review will assess whether the whistleblowing framework is operating effectively, meeting its original objectives, and adequately protecting whistleblowers.

ESG / Sustainability

ESMA Told to Watch and Wait on ‘Greenbleaching’

By ESG Investor | 28/03/2023

Advisory group outlines its recommendations on addressing SFDR Article 9 downgrades and greenwashing regulatory uncertainty.

Big Picture

Too Big to Fail Reforms Don’t Work, says Swiss Official

By Manesh Samtani | 28/03/2023

Credit Suisse’s “too big to fail” emergency plan would have triggered an “international financial crisis”, according to Swiss finance minister Karin Keller-Sutter.