Europe

Reporting & Disclosures

Asset Managers Report EU Taxonomy Teething Problems

By ESG Investor | 30/04/2022

A new PRI report outlines recommendations to ensure clarity and ease the reporting process.

Capital Adequacy

BOE’s Woods Proposes Simplified Bank Capital Framework

By Manesh Samtani | 28/04/2022

The hypothetical framework would replace the current set of buffers with a “single, releasable buffer of common equity”, sitting on top of a low minimum requirement.

Reporting & Disclosures

New UK Taskforce to Set Standards for Climate Transition Plans

By Editors | 27/04/2022

The taskforce will develop policy recommendations, sector-specific transition planning templates and guidance, and measures to tackle greenwashing.

Trading & Investment

LME to Cease Trading in Gold, Silver Futures in July

By Editors | 27/04/2022

The LME said the decision was made following discussions with market participants and “in light of the low levels of trading activity”.

KYC & CDD

FCA Directs Challenger Banks to Bolster FCC Controls

By Editors | 26/04/2022

The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.

Cryptocurrency

European Crypto Firms Push Back Against Proposed Regulations

By Editors | 24/04/2022

Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.

Reporting & Disclosures

UK FCA Finalises Rules on Board Diversity Disclosure, Targets

By Editors | 21/04/2022

At least 40 percent of the board, and at least one senior position, should be held by women. Disclosures requirements apply for accounting periods starting 1 April 2022.

PEPs & Sanctions

OFAC Sanctions Russian Crypto Miners, UK Targets Military

By Manesh Samtani | 21/04/2022

OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.

Capital Adequacy

UK Regulators Warn Banks Against ‘Gaming the Rules’

By Editors | 18/04/2022

The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.