Europe

The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.

The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.

The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.

Credit Suisse was added to the FCA's watchlist due to concerns that it was not doing enough to improve its culture, governance and risk controls.

The FATF also commends the UK for progress made to expand its FIU's ability to conduct operational analysis.

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

The BOE will seek views from the public later this year about the possible issuance of a CBDC in the "second half of the decade" at the earliest.

Some MEPs argued this would result in more emissions in the short term, choosing to vote down the “weaker” proposal altogether, causing delays.

The law will require EU listed companies to have women take up at least 40% of non-executive board seats, or 33% of all director posts, by mid-2026.

Judicial review claims from Elliott Associates and Jane Street Global Trading challenge LME's decisions to cancel nickel trades in March.