EU

Brexit confusion continues as top financial regulators prepare to meet

The UK voted to leave the EU seven years ago, but it's rulebook is still in flux

A forum for cooperation on rules is finally in place. Will it make a difference?

5 min read

Bob Hendriks, chief commercial officer at ABN AMRO, said that several hundred million dollar mandates run by boutiques Boston Common and EdenTree had been upgraded to Article 9

ABN AMRO upgrades sustainable funds to ‘dark green’ amid wave of downgrades

ABN AMRO's Bob Hendriks: 'Our process of moving to Article 9 was not rushed but carefully conducted'

4 min read

Some firms may ‘reconsider their EFAMA membership if they are severely curtailed or feel unwelcome’

Row erupts at European fund body over influence of non-EU giants

Trade bodies representing German and Italian fund managers are unhappy about some of the rights given to corporate members, which include BlackRock and Fidelity

3 min read

MiCA rules will attempt to sure up the crypto sector with new capital requirements

EU mandates reserves for tether, USD coin in bid to tame crypto ‘Wild West’

Regulations will see transfers of cryptoassets subjected to the same money laundering rules as normal bank transfers

3 min read

Some banks will be asked to appoint new senior staff, change where some are located, or change their group structures

Banking giants told to move staff to Europe as ECB Brexit review finds ‘empty shells’

The ECB has been probing where banks’ resources are based — particularly around trading and risk-management — for more than a year in what it has called a desk-mapping exercise

5 min read

Leading regulators are trying to set a new rulebook to govern information on ESG

Global ESG standards come one step closer to reality

Agreements made at last year's COP26 laid the foundation for the defining what counts as ESG and disclosures necessary around financial impacts

3 min read

A digital euro would allow everyone — including households and businesses — to directly make electronic payments in money issued by the ECB

Why a digital euro isn’t a forgone conclusion, despite its advantages

Pegging a digital currency to a lender of last resort will be appealing, but uncertainties remain

4 min read

Exports of financial services rose 1.4% in the first quarter of 2021

Has Brexit really battered the City?

Predictions were that the City would be hammered by Brexit. But, nine months on, the evidence remains nuanced

5 min read

EU could give ground after Janet Yellen branded digital tax plans 'discriminatory'

EU set to delay digital levy plans as G20 backs global tax deal

The White House is lobbying the EU to drop its digital tax plans

The Covid passports would not prevent people who are not vaccinated from travelling

EU expects Covid-19 digital vaccine certificates by June at the latest

The so-called Covid-19 vaccine passports will help ease travel in the EU

EU could block Covid-19 vaccine supplies to UK as feud deepens

The UK has urged the EU not to restrict vaccine supplies to the UK