Tag: EU
EU adopts new verification requirements to combat greenwashing
The European Union (EU) has revealed new standards that are designed to combat greenwashing by adopting new rules aimed at ensuring the accuracy of...
The European Commission answers questions about the 2040 climate target
The European Union is embarking on an ambitious journey to become the first climate-neutral continent by 2050, with a significant milestone set for 2040.
The...
ESMA bolsters its monitoring of EU alternative investment funds
The European Securities and Markets Authority (ESMA), the esteemed financial markets watchdog of the EU, recently unveiled a comprehensive report spotlighting the market dynamics of the EU's alternative investment funds (AIFs).
EU’s AML regulations to transform crypto and high-value transactions
The European Union (EU) has recently made a significant stride in fortifying its defenses against money laundering and terrorist financing. A provisional agreement reached...
EU moves to delay CSRD introduction until 2026
The Legal Affairs Committee of the European Parliament has greenlit a proposal suggesting a two-year delay for the full enactment of the Corporate Sustainable...
The impact of EU’s AML regulations on wealthy individuals and luxury...
Big changes are sweeping through Europe's financial landscape, thanks to the introduction of stringent Anti-Money Laundering (AML) laws. These new regulations are particularly significant for high net worth individuals (HNWIs) and businesses in the luxury sector. The mandate? Heightened vigilance and transparency in financial dealings, aiming to curtail the misuse of funds.
Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges
In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.
Decoding the UPI: Revolutionizing OTC derivatives reporting in global markets
The introduction of the Unique Product Identifier (UPI) under the European Union’s EMIR REFIT marks a significant shift in over-the-counter (OTC) derivatives reporting. This innovative identifier is set to be implemented globally, impacting financial markets across Australia, Singapore, Europe, the UK, and the USA.
EC mandates enhanced transparency in ESG ratings to foster investor trust
The European Council has recently taken a step towards regulating ESG ratings, focusing on enhancing investor confidence in sustainable products.
European Council agrees new mandate on ESG ratings
The EU is taking steps towards enhancing investor confidence in sustainable products with a new set of rules aimed at bolstering the reliability of...
