The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
January 25, 2023The mandatory buy-in regime would be used as a "measure of last resort”, activated only in the case where the “level of settlement fails would be substantial in the EU.”
December 27, 2022The approved pilots cover payments, travel, and business compatibility. The EU Digital Identity Wallet is expected to go live in 2024.
December 27, 2022The agreement, which still needs formal endorsement, will accelerate the pace at which energy-intensive companies are obligated to reduce emissions.
December 22, 2022The 15% corporate minimum tax rate is expected to be transposed into EU wide rules by end-2023 and prompt other countries to speed up efforts to implement the measure.
December 20, 2022The US imposed new sanctions against Russian FIs and the country's richest businessmen. The European Council adopted a ninth sanctions package against Russia.
December 19, 2022European Council’s position on the revised Environmental Crime Directive will damage portfolios as well as the environment, says WWF.
December 19, 2022New requirements to report crypto-asset, e-money and digital currency transactions are expected to enter into force on 1 January 2026.
December 13, 2022The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.
December 12, 2022All financial entities and the third parties that provide them ICT-related services will have to adhere to DORA requirements from around the end of 2024.
December 1, 2022