Europe

PEPs & Sanctions

EU Approves Russian Coal Ban, Australia Adds Sanctions

By Manesh Samtani | 08/04/2022

The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.

CBDCs

European Commission Launches Targeted Consultation on Digital Euro

By Editors | 07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.

Liquidity Risk

ECB Refuses Energy Traders’ Request for Emergency Liquidity

By Editors | 07/04/2022

The European Federation of Energy Traders had asked for a fund that could provide emergency liquidity support to support the functioning of energy markets.

Structural Regulation

EU Banks Seek Easing of Proposed Rules for Third Country Banks

By Editors | 07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

Stablecoins

UK Outlines Plan to Become Global Hub for Crypto

By Editors | 06/04/2022

The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.

PEPs & Sanctions

US, UK Announce New Russia Sanctions, EU to Ban Coal Imports

By Manesh Samtani | 06/04/2022

New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.

Reporting & Disclosures

From Russia in Haste

By ESG Investor | 06/04/2022

The response of corporates and investors to the invasion of Ukraine suggests both need to overhaul their due diligence processes.

Trading & Investment

UK Regulators to Review LME’s Handling of Nickel Disruption

By Editors | 05/04/2022

The FCA will review LME’s approach to managing the suspension and resumption of the nickel market, while the BOE will review LME Clear.

KYC & CDD

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

By Darien Choong | 04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.