Europe

The new register provides originators and sponsors an enhanced notification system and assists investors in performing due diligence.

EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.

EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.

Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.

New framework aims to broaden sustainability reporting and embrace double materiality but faces long path to law.

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

The NSI Act gives the government broader powers to scrutinise and intervene in acquisitions in 17 sectors that could give rise to national security risks.

BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.