News

ECB issues new CBDC proposal

The European Central Bank has published its long-awaited digital euro proposal, but banking groups have expressed reservations over its retail-centric approach.

06 April 2022

ISSB issues draft global sustainability disclosure standards

The global climate finance standard setter, established by the IFRS at last year’s COP26 summit, has proposed its first climate related disclosure standards.

04 April 2022

Bank of Italy slaps N26 with onboarding ban

Italy’s central bank has barred German digital bank N26 from accepting new clients after finding failings related to its AML controls, marking the second time it has received such a ban in less than six months.

04 April 2022

SEC targets SPACs

The US securities regulator is set to apply heavier disclosure restrictions to special purpose acquisition companies, issuing a clutch of measures that a dissenting commissioner has warned will reduce SPAC transactions to just another form of IPO.

31 March 2022

FDIC follows OCC and SEC with climate risk plans

The United States’ federal deposit insurer has drafted its climate risk management principles for big banks.

31 March 2022

Abu Dhabi to launch “world's first” carbon credit trading exchange

The financial regulator of the Abu Dhabi Global Market will develop what it calls the "world's first" regulated carbon credit trading exchange and clearing house, as its EU and Hong Kong counterparts place renewed emphasis on carbon markets.

30 March 2022

ECB finalises discretions approach

The European Central Bank has finalised its rules on how regulators should exercise the more than 100 supervisory options and discretions granted them under the CRR II-CRD V legislative package.

30 March 2022

CFTC quartet confirmed

The US Senate has confirmed all four of US president Joe Biden’s nominees to the Commodity Futures Trading Commission, briefly giving the derivatives regulator a full complement after a lengthy period with only two commissioners.

30 March 2022

FDIC gets bank merger review underway

The United States’ Federal Deposit Insurance Corporation (FDIC) has formally submitted its long-anticipated bank merger policy proposal, months after it sparked controversy and division within the agency.

29 March 2022

UK competition regulator hands open banking to FCA

The UK’s competition regulator will cede control of its open banking unit to the Financial Conduct Authority, following criticisms of its governance and a bullying scandal last year.

29 March 2022

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