Europe

Anti-Money Laundering

EBA Launches EuReCA, a Central Database for AML/CFT

By Editors | 01/02/2022

EuReCA will act as an early warning tool which will help competent authorities to act before ML/TF risks crystallise, the EBA said.

AI Risk & Governance

Evolving AI Risks and Regulations in Singapore and the EU

By Peiying Chua | 31/01/2022

Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.

Anti-Money Laundering

Europol Outlines Different Ways Criminals Use Cryptocurrency

By Sanday Chongo Kabange | 29/01/2022

A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.

Reporting & Disclosures

EBA Finalises Pillar 3 Disclosure Rules for ESG Risks

By Sanday Chongo Kabange | 28/01/2022

Once approved by the European Commission, EU banks will have to start making ESG disclosures in 2023, with full phase-in by June 2024.

ESG Data

SEBI Proposes Regulatory Framework for ESG Rating Providers

By Sanday Chongo Kabange | 27/01/2022

SEBI says reliance on unregulated ESG rating providers poses risks to investors, transparency and the efficiency of securities markets.

Sustainable Finance

Deutsche Börse, GFEX to Cooperate on Carbon Market Development

By Editors | 19/01/2022

Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.

Reporting & Disclosures

ESG Explainer: UK Sustainability Disclosure Requirements

By ESG Investor | 17/01/2022

New framework aims to broaden sustainability reporting and embrace double materiality but faces long path to law.

CBDCs

BIS, SNB, SIX Complete wCBDC Integration Test with Bank Systems

By Editors | 13/01/2022

In the second phase of Project Helvetia, a wholesale CBDC was used to test settlement of interbank, monetary policy and cross-border transactions with banking systems.

Data Privacy

UK National Security and Investment Act 2021 Takes Effect

By Editors | 07/01/2022

The NSI Act gives the government broader powers to scrutinise and intervene in acquisitions in 17 sectors that could give rise to national security risks.