Europe

ESG / Sustainability

EU Banks Urged to Accelerate Adoption of ESG Risk Strategies

By ESG Investor | 02/09/2021

European Commission report finds most European banks are failing to highlight, measure and report on their ESG risks.

Enforcement

US SEC, BaFin Probe DWS Over ESG Investment – Reports

By Editors | 30/08/2021

The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.

Capital / Liquidity

EU Banks Using Window Dressing to Avoid G-SIB Surcharges

By Manesh Samtani | 13/08/2021

Several EU banks may be purposefully compressing their balance sheets at year-end to lower their G-SIB scores and the associated capital surcharges.

Market Infrastructure

Japan, UK Regulators Exchange Letters on CRA Supervision

By Editors | 11/08/2021

The letters set out a framework for cooperation on regulatory, supervisory and enforcement matters in relation to credit rating agencies.

AML / KYC

EBA Issues Guidance on Role of AML Compliance Officers

By Editors | 03/08/2021

Where a financial services firm is part of a group, the guidelines provide that a group AML/CFT compliance officer be appointed at the parent company level.

Securities / Derivatives

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

By Editors | 02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Fintech / Regtech

Thailand, Luxembourg Sign MoU on Fintech Innovation

By Editors | 02/08/2021

The MoU provides a framework for cooperation between the SEC and CSSF with respect to promoting innovation in financial services.

AML / KYC

Regulatory Pressure on Binance Builds With Malaysia Ban

By Manesh Samtani | 01/08/2021

Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

Market Infrastructure

FMSB Finalises Standard on Use of Term SONIA

By Manesh Samtani | 31/07/2021

Use cases for Term SONIA include trade finance, working capital products, Islamic finance, export finance, and emerging markets lending.