Region: European Union

The “vast majority” of EU banks are not carrying out necessary climate analysis and should be legally required to adopt climate transition plans, according to a European Central Bank board member.

20 October 2021

With the UK and EU issuing new AML/CTF packages within days of one another over the summer, Anna Bradshaw, partner at Peters & Peters in London, warns banks to prepare for ever more complexity.

18 October 2021

Charles Randell, chair of the UK’s Financial Conduct Authority and Payment Systems Regulator, has announced an early departure from both regulators, while the European Securities and Markets Authority has named executive director Verena Ross as its new chair.

18 October 2021

Banking associations from Japan, the United States and Switzerland have criticised post-Brexit proposals by the European Banking Authority to centralise equivalence assessments for non-EU banks’ local branches within the bloc.

22 September 2021

Over two dozen of Europe’s national regulators and central banks have warned the European Commission against introducing any EU-specific deviations from the Basel III framework.

09 September 2021

European banks still lack any sort of “explicit and comprehensive” risk strategy for ESG, according to a report carried out by BlackRock on behalf of the European Commission – even as critics argue the asset manager failed to put aside its own interests in producing the report.

31 August 2021

The EBA has proposed new guidelines that lay out its expectations of firms’ anti-money laundering compliance officers, set to be the first of their kind and which it says will streamline compliance across the EU.

04 August 2021

Singapore’s regulator has lifted a pandemic-era dividend cap, one of the last regulators to do so after the ECB removed its restrictions late last week.

29 July 2021

The European Banking Authority has called on financial market participants to consider money market funds as shadow banks, as division emerges over fellow EU regulator the European Securities and Markets Authority’s proposal to revamp their liquidity buffers.

28 July 2021

The EU is set to get a new anti-money laundering authority, a single EU rulebook, and tightened oversight of cryptocurrency transactions as part of a package of wide-spreading proposals to reform the its AML controls.

21 July 2021