Tag: EU
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...
ECB unveils crucial climate risk strategies for EU financial system
The ECB and the European Systemic Risk Board (ESRB) have released a report focusing on the impact of climate change on the EU's financial system.
Preparing for the EMIR REFIT Transition
As the deadlines approach for the new EMIR reporting changes in the EU and the UK, set for April 29, 2024, and September 30, 2024, respectively, it is paramount for stakeholders to grasp the complexities of the upcoming requirements.
Overcoming challenges in the new EMIR REFIT reporting requirements
As deadlines for implementing EMIR reporting changes near for the EU (set for April 29, 2024) and the UK (scheduled for September 30, 2024), grasping the nuances of these revised requirements becomes paramount.
Navigating third-party risk management: An EU & UK perspective
With the traditional business landscape being pulled apart due to the ever-hastening digitalisation of our world, traditional brick-and-mortar business has become outdated. We now...
