Europe

ESG / Sustainability

EU Strikes Deal on Green Bonds Standard

By ESG Investor | 01/03/2023

Negotiators of the European Council and Parliament have reached an agreement on a voluntary standard for EU green bonds (EuGB).

Market Infrastructure

LSEG, SZSE Agree to Collaborate on Capital Markets Development

By Editors | 01/03/2023

LSEG and SZSE will collaborate on product innovation, depository receipts, and index development, among other areas.

ESG / Sustainability

BNP Paribas Sued over Fossil Fuel Financing

By ESG Investor | 27/02/2023

BNP Paribas is being taken to court over its alleged failure to comply with France’s duty of vigilance law regarding climate change.

Fintech / Regtech

UK, Australia Should Draw Open Banking Lessons from Each Other

By Mark Johnston | 26/02/2023

NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia’s open banking implementations.

Market Infrastructure

UK Version of EMIR Refit to Take Effect from 30 Sept 2024

By Editors | 26/02/2023

The FCA and BOE have set out the final changes to the derivatives reporting framework under UK EMIR. Draft validation rules and XML schemas are open for feedback.

Securities / Derivatives

LME to Resume Nickel Trading in Asian Hours on 20 March

By Editors | 25/02/2023

The LME hopes the resumption of trading during Asian market hours will “further contribute to liquidity rebuilding in the nickel market.”

Capital / Liquidity

UK FCA Seeks to Enhance Rules for Asset Management Sector

By Mark Johnston | 23/02/2023

The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.

Market Infrastructure

14 European Exchanges Join Forces to Develop Consolidated Tape

By Editors | 22/02/2023

The participating exchange groups include Deutsche Boerse Group, Euronext, Nasdaq, and SIX Group, as well as the local exchanges in  several European cities.

Market Infrastructure

BOE Sets Out Vision for UK Payments with RTGS Roadmap

By Mark Johnston | 21/02/2023

The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.