Europe

Three key parts of HSBC’s automated transaction monitoring systems showed "serious weaknesses" between March 2010 to March 2018.

NatWest's accepted cash deposits worth around GBP 264 million. The case represents the first time the FCA has pursued criminal charges for money laundering failings.

Complexity of combining SFDR and Taxonomy-specific RTSs pushes implementation date back to 2023.

Much-postponed proposal now expected in December, following the unveiling of EU deforestation supply chain due diligence measures.

Once a political agreement is reached between the European Council and the European Parliament, the draft rules can become law.

In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

Synthetic GBP and JPY LIBOR rates will be published until end-2022 and can be used in all legacy LIBOR contracts other than cleared derivatives.

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.

The new indices will enable investors to reallocate capital based on the climate credentials and carbon performance of the constituent companies in the index.