Also in this week’s newsletter, revisiting the financial regulation inherited from the EU
EU-based traders required to send up to 900 trades a year to ‘active accounts’ in the bloc
Report says Orlen engaged in cut-price disposals to complete merger with rival
The bloc’s financial heart is weak, struggling to pump sufficient capital to support companies and the economy
Government move clears some of the regulatory uncertainty caused by Brexit
Acting director of comptroller of the currency says lenders should explain how Basel III will affect buybacks and dividends
Voice cloning is just one of the new tools in the tricksters’ armoury
Pablo Hernández de Cos says countries should go beyond global rules if needed, as Wall Street protests
Efama says there is ‘compelling case’ to reduce current two-day settlement time given that US does so in May
EBA chair José Manuel Campa said regulators would investigate funding and other connections between sectors
Proposed global rules aimed at minimising the incentive for investor stampedes should be welcomed
Souring relations with European Commission over such an unpopular issue would risk progress on bigger regulatory battles
Bank’s regulatory chief Andrea Enria says lenders have ‘solid’ capital ratios but will face tighter conditions in 2024
Paris successfully pushed for weaker due diligence reporting by lenders and state-backed funding for nuclear power plants
Paris pushes against lenders being held liable for clients’ environmental or human rights shortcomings
Central bank’s regulatory arm says capital will rise just 3% on new rules
Top official points out need to supervise climate and systemic risks
Lenders are ‘reluctant to disrupt’ relations with large CO₂ emitters
Supervisory board member Elizabeth McCaul says central bank could ‘do more to strengthen’ their hand
Deutsche Bank avoids penalty of almost €156mn after revealing existence of collusion
ECB’s Andrea Enria says lack of cross-border integration increases costs for customers
Our latest report on the low-cost fund investments assesses the suitability of new US products holding bitcoin directly; ways to gain crypto exposure from Europe; the backlash against sustainability themes; and the rise of women in the industry
G7 officials agree to explore EU proposals that could provide financial support for Ukraine
BoE postpones implementation of new rules by six months to July 2025
Wrangles loom between fund managers and their clients over who pays for the costs
