EuropeRSS

AMF/AFM propose EU ESG framework

A joint framework proposed by market regulators in France and the Netherlands, aimed at greening the EU economy, could become a core part of the European Commission’s sustainable finance strategy.

AXA warns UK money market funds are at risk from negative rates

The UK’s £47bn ($64bn) money market fund sector could be at risk should the Bank of England pursue negative interest rates, according to AXA Investment Managers.

European banks are robust, but EBA warns over deterioration in assets

The European Banking Authority is concerned about the quality and structurally low profitability of European banks’ assets, despite their solid capital and liquidity positions.

Covid, recession and Brexit to influence UK regulation in 2021

Significant macroeconomic headwinds including a Covid-19-induced recession, mounting debt and the end of the Brexit transition period will impact all areas of financial services in 2021, meaning plenty more work for compliance departments over the course of 2021. By Frank Brown, risk and transformation practice lead at Bovill.

2021

Global regulation in 2021: reaction, reflection and a return to priorities

The year 2020 defied expectations and saw disruption to both financial markets and regulatory agendas. As the world recovers, 2021 is shaping up to be defined by continued regulatory reactions to the Covid-19 pandemic, and geopolitical changes such as the UK’s exit from the EU. 

European open-ended funds showed resilience during March market volatility

Open-ended type funds in Europe did a good job managing the market turmoil caused by the Covid-19 pandemic in March 2020

ECB could pivot QE programme away from carbon-intensive companies

Economists believe that the European Central Bank (ECB) is set to pivot its quantitative easing programme by ceasing to purchase bonds issued by fossil fuel-intensive companies as part of a pioneering approach towards  climate change. 

John Glen

UK faces tough battle for EU equivalence

With Brexit done, UK negotiators are now striving to reclaim some access to EU financial markets: an ambitious goal, according to some, and one in which the benefits may be overstated. 

Euroclear’s UK CSD given temporary recognition by ESMA

Euroclear UK & Ireland will be recognised as a third-country central securities depository when the UK’s transition period out of the EU ends on December 31, 2020, the European Securities and Markets Authority said in a statement. 

UK banks allowed to restart dividends as vaccine is rolled out

The UK’s Prudential Regulation Authority (PRA) is allowing UK banks to resume dividend payments after finding that they had shown resilience during the Covid-19 pandemic and could withstand even more extreme economic conditions.