Europe

Tony Freeman explains why European banks are unlikely to move away from clearing trades through London absent a regulatory mandate.

Investors and companies are urging the European Commission to adopt supply chain scrutiny rules “without further delay”.

CryptoUK says the approach would create an "unnecessary burden" for crypto investors and create tax compliance confusion.

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.