Topic: Asset management

ADGM sustainable finance proposals emphasise taxonomy flexibility

A year ahead of the United Arab Emirates’ hosting of COP28, the financial regulator for Abu Dhabi’s financial free zone has released what it describes as deliberately flexible and non-prescriptive rules on green and “greening” finance, and a new ESG disclosures framework for regulated entities, allowing applicants to apply standards of their own choosing beyond those recommended by global standard-setters.

15 November 2022

FCA introduces anti-greenwashing disclosure and labelling rules

The Financial Conduct Authority is proposing new rules to tackle misleading sustainability labels on investment products, in what has been called a “change of rhetoric” from the UK regulator.

26 October 2022

BNY Mellon to hold crypto for selected clients

BNY Mellon has become the first systemically-important US bank to add digital assets to its asset custody range.

13 October 2022

Data availability concerns persist as ESG amendments to MiFID II enter force

New EU rules integrating ESG into MiFID II requirements have come into force, despite warnings from industry that the data needed for effective compliance is still not available.

08 August 2022

Chinese regulator releases “milestone” green finance guidelines

China’s principal banking regulator has issued a “very specific” rulebook for banks’ green finance activities.

08 June 2022

AMF licenses first crypto-based asset manager, with Osborne Clarke advising

France’s financial regulator has granted crypto asset platform Arquant Capital authorisation to manage alternative investment funds.

26 May 2022

RCB exits banking following Russian invasion

Cyprus-based RCB, until recently part-owned by Russia’s VTB, is planning to wind down its operations, the first European bank with Russian links to make the voluntary move since Russia’s invasion of Ukraine.

24 March 2022

Two Gulf regulators license Binance

Cayman Islands crypto exchange Binance has obtained crypto-asset licences from Dubai’s newly-established crypto regulator and the Central Bank of Bahrain.

21 March 2022

Citi offloads Philippines branch, exiting Asia-Pacific

The Philippines’ largest foreign bank, US-based Citi, will sell its consumer branch to UnionBank for a US$908 million premium, marking part of its exit from consumer franchises in 13 markets across Asia and the EMEA.

06 January 2022

ESMA taps French regulator for new director

Europe’s securities regulator has gone to France’s financial watchdog for its next executive director.

17 March 2021

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