Region: Europe

The European Banking Authority has introduced new gender parity expectations in its updated remuneration guidelines, despite respondents terming the new requirements “problematic and burdensome”.

26 November 2021

Danish regulators have warned Danske Bank that failings in its AML procedures put it at risk of breaching sanctions, three years after the discovery of a record-breaking €200 billion money laundering operation flowing through the bank’s now-defunct Estonian branch.

24 November 2021

Two EU regulators have outlined their plans for investment firms’ supervisory review and evaluation process, including a new scoring system for EU banks and additional own funds requirements.

22 November 2021

O-SIIs’ total assets “may no longer be a desirable metric” to determine their buffer rates, according to the Bank of England’s financial policy committee, as it proposes to reduce their buffer thresholds by £15 billion by excluding central reserves.

17 November 2021

The Bank of England has proposed a new tiered system for non-UK central counterparties looking to do business in the country, following the EU’s introduction of its own stricter post-Brexit approach last year.

10 November 2021

Ashurst is advising Scottish-New Zealand fintech FNZ as it acquires German bank Fondsdepot.

10 November 2021

Credit Suisse has announced plans to draw back from its hedge fund financing activities to focus on private banking and wealth management, following a year that has seen it burned by both the Archegos and Greensill collapses and a set of regulatory interventions.

04 November 2021

Regulators and central banks have issued more climate-related commitments to coincide with COP26’s finance day, including preparations from the United Kingdom for becoming the world’s first “net-zero aligned finance centre” and the IFRS announcing plans for a single standard for sustainability disclosures.

04 November 2021

Denmark and Estonia, the two countries at the heart of the €200 billion money laundering scandal at Danske Bank, participated in a vote that determined whether the European Banking Authority carried out an investigation into internal failings at the bank.

01 November 2021

The UK’s prudential regulator has warned it plans to ramp up supervision of climate-intensive financing and levy higher capital requirements to compensate for climate risk in 2022, while the Financial Conduct Authority has announced its own refreshed ESG strategy.

29 October 2021