Europe

Enforcement

UK FCA Seeks to Fine & Ban Former CEO of Barclays

By Editors | 13/10/2023

The FCA said James Staley “recklessly approved” a letter to the FCA containing misleading statements about his relationship with Jeffrey Epstein.

Enforcement

Record Fine for KPMG Over Carillion Audit Failure

By ESG Investor | 12/10/2023

KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.

Crypto / Digital Assets

UK FCA Issues 146 Alerts Against Crypto Firms

By Editors | 09/10/2023

The alerts came soon after new rules took effect prohibiting crypto firms from advertising to UK consumers without the FCA’s authorisation.

ESG / Sustainability

UK Finalises Transition Plan Taskforce Disclosures Framework

By ESG Investor | 09/10/2023

Harmonisation and interoperability key to transition plans being consistent, comparable and effective internationally.

ESG / Sustainability

European Parliament Adopts New Standards for Green Bonds

By Editors | 09/10/2023

The standards impose strict requirements on companies that choose to use the ‘European green bond’ or ‘EuGB’ label.

Capital / Liquidity

UK’s Metro Bank Secures £925m Rescue Deal

By Manesh Samtani | 09/10/2023

NatWest, Santander, Lloyds, JPMorgan and HSBC were among the lenders that considered bids for some of Metro Bank’s assets over the weekend.

Securities / Derivatives

ESMA Consults on Potential Move to Shorter Securities Settlement Cycle

By Editors | 08/10/2023

ESMA said it is looking to consider “all the possibilities for a shortened settlement cycle, including both T+1 and T+0”.

Crypto / Digital Assets

ESMA Issues Second Consultation on MiCA Technical Standards

By Editors | 07/10/2023

The consultation covers sustainability indicators of CASPs, trade transparency, record-keeping, and machine-readability of white papers.

ESG / Sustainability

GTAG Releases Final Advice on UK Green Taxonomy

By ESG Investor | 06/10/2023

Ingrid Holmes, chair of the UK’s Green Technical Advisory Group, is calling on the government to urgently implement a green taxonomy.