Europe

Enforcement

Credit Suisse Clears Litigation Docket Ahead of Overhaul

By Editors | 25/10/2022

Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.

ESG / Sustainability

EU Council Sets Out Position on Global Biodiversity Framework

By ESG Investor | 25/10/2022

The EU Council has finalised its negotiating position ahead of final COP15 discussions for the Global Biodiversity Framework, due to take place in December.

Enforcement

FCA Seeks £50m Penalty from Barclays for 2008 Deals

By Editors | 24/10/2022

Barclays did not disclose payments made to Qatari entities for their participation in two capital raisings during the GFC in 2008.

Capital / Liquidity

Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX

By Editors | 21/10/2022

With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.

Enforcement

German Prosecutors Raid Deutsche Offices for “Cum-Ex” Probe

By Editors | 21/10/2022

The Cum-Ex scandal dates back more than a decade. Deutsche Bank is said to be fully cooperating with inspections at its Frankfurt offices.

AML / KYC

EU to Sanction Iran Over Drone Sales to Russia

By Editors | 20/10/2022

The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

Crypto / Digital Assets

Energy Crisis May Force EU Crypto Mining Suspension

By Mark Johnston | 19/10/2022

The European Commission said EU member states must be ready to stop crypto-asset mining activities if there is a need for load shedding in electricity systems.

AML / KYC

Canada, Switzerland Sanction More Russians, EU Considers 9th Package

By Manesh Samtani | 19/10/2022

The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.

Capital / Liquidity

EU Regulators to Assess Bank Dividend Plans ‘Case-by-Case’

By Editors | 17/10/2022

Steven Maijoor, who serves on the ECB’s supervisory board, said regulators are asking banks to be restrained with dividends and share buybacks.