Europe

Market Infrastructure

IOSCO Appoints New Chair, Two Vice Chairs to Board

By Editors | 20/10/2022

IOSCO’s new chair is Jean-Paul Servais, chairman of Belgium’s FSMA. The two new vice chairs are the FSA’s Ariizumi Shigeru and the CFTC’s Rostin Behnam.

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.

ESG / Sustainability

EU Council Gives Green Light to Board Gender Rules

By ESG Investor | 17/10/2022

The European Council has approved EU rules to ensure a more balanced gender representation on corporate boards.

AML / KYC

FCA Fines UK Challenger Bank for Weak AML Controls

By Editors | 17/10/2022

Gatehouse Bank failed to perform appropriate checks on customers based in high-risk countries and customers that were classified as PEPs.

AML / KYC

Glencore Facing Investor Lawsuits Following Bribery Conviction

By Editors | 14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.

AML / KYC

Switzerland to Commence Work on Creating UBO Register

By Editors | 14/10/2022

A bill will be drafted by mid 2023 to create a central beneficial ownership register that will be accessible to authorities.