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Cryptocurrency
BOE Calls for Clear Regulatory Framework for Crypto Assets
By Mark Johnston | 14/07/2022
BOE’s Jon Cunliffe said the extension of a regulatory framework to encompass crypto must be grounded in the iron principle of ‘same risk, same regulatory outcome’.
Climate Risk
ECB Climate Stress Test Finds Bank Practices Lacking
By Editors | 11/07/2022
60% of banks don’t have a climate risk stress testing framework. Only 20% of banks consider climate risk when granting loans.
Anti-Money Laundering
EU Council Agrees Position on Bloc-Wide AML Authority
By Editors | 06/07/2022
The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.
PEPs & Sanctions
UK Sanctions More Russians, Restricts More Belarusian Trade
By Editors | 06/07/2022
Last week, the UK Parliament’s Foreign Affairs Committee published a report calling on the government to “act now” to tackle the flow of illicit finance through London.
Structural Regulation
UK to Codify Tax Exemptions for Sovereign Investors into Law
By Editors | 05/07/2022
The proposals seek to ensure the tax exemptions provided to sovereign investors are more targeted towards investment rather than trading income.
Climate Risk
ECB Makes “Groundbreaking” Shift on Climate
By ESG Investor | 05/07/2022
The ECB will introduce gradual limits on the use of bonds issued by companies with high carbon footprints.
Structural Regulation
UK FCA Consults on Remaining LIBOR Transition Steps
By Editors | 04/07/2022
The FCA is seeking views until 24 August on winding down synthetic sterling LIBOR and US dollar LIBOR.
Reporting & Disclosures
Tougher Enforcement, Regulation on ESG Funds a “Wake-up Call”
By ESG Investor | 03/07/2022
DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.
Anti-Money Laundering
EU Lawmakers Agree on AML Framework for Crypto
By Manesh Samtani | 30/06/2022
Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.
PEPs & Sanctions
G7 Nations Announce Ban on Russian Gold Imports
By Manesh Samtani | 30/06/2022
The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.
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