Europe

    Structural Regulation

    ESMA Issues Guidelines for Operators of DLT Market Infrastructure

    By Editors | 22/12/2022

    The guidelines include templates firms can use to apply for permission to operate DLT market infrastructure under the EU’s DLT Pilot Regulation.

    Climate Risk

    EU Lawmakers Agree on Enhancements to Carbon Market

    By Editors | 22/12/2022

    The agreement, which still needs formal endorsement, will accelerate the pace at which energy-intensive companies are obligated to reduce emissions.

    Operational Risk

    UK Regulators Fine TSB Bank Over IT Upgrade Failures

    By Editors | 22/12/2022

    An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.

    Structural Regulation

    ESMA Publishes Final Guidelines, Validation Rules for EMIR Refit

    By Editors | 22/12/2022

    ESMA published its final guidelines for reporting under EMIR, the final validation rules, and reporting instructions for outgoing and incoming messages.

    Conduct, Culture & Accountability

    ECB Bars Officials from Making Short Term Trades

    By Editors | 21/12/2022

    High-level ECB officials can only invest in publicly listed, broadly diversified funds with a medium to long-term perspective.

    Fraud, Scams & Cybercrime

    Former German Tax Inspector Jailed Over Cum-Ex Tax Fraud

    By Mark Johnston | 20/12/2022

    Hanno Berger, considered a Cum-Ex mastermind, was sentenced to eight years in jail and ordered to repay EUR 13.7 million.

    Structural Regulation

    EU Council Agrees to Implement Global Minimum Tax

    By Editors | 19/12/2022

    The 15% corporate minimum tax rate is expected to be transposed into EU wide rules by end-2023 and prompt other countries to speed up efforts to implement the measure.

    PEPs & Sanctions

    US, EU Announce Additional Sanctions Against Russia

    By Editors | 19/12/2022

    The US imposed new sanctions against Russian FIs and the country’s richest businessmen. The European Council adopted a ninth sanctions package against Russia.

    Nature & Biodiversity

    Weak Environmental Crimes Law a Risk to Investors

    By ESG Investor | 19/12/2022

    European Council’s position on the revised Environmental Crime Directive will damage portfolios as well as the environment, says WWF.

    AI Risk & Governance

    Singapore, EU to Expand Partnership to ‘Digital Realm’

    By Editors | 18/12/2022

    The partnership includes efforts to advance new and emerging areas such as 5G/6G, artificial intelligence, and digital identities.

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