23

Jun

EU watchdog tells banks to have a 10-year climate plan

Banks in the European Union must have a 10-year plan spelling out how they will deal with environmental, social and governance (ESG) risks to their bottom line, the bloc's banking…

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02

Feb

ECB to stress test 38 euro area banks as part of the 2021 EU-wide stress test

he European Central Bank (ECB) will examine 38 significant euro area banks as part of the 2021 EU-wide stress test coordinated by the European Banking Authority (EBA). In line with the…

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10

Dec

EU banks face 9.4 billion euro shortfall to meet capital rules

Major banks in the European Union will have to collectively find 9.4 billion euros ($11.4 billion) by 2028 to plug a capital shortfall that will emerge under pending rules, the…

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31

Oct

EU weighs new anti-money laundering body in wake of scandals

The EU is to explore the creation of a central authority to crack down on money laundering activity after a series of high-profile scandals have underlined Europe’s weaknesses in preventing…

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10

Jul

EU’s 2018 bank stress test considered too mild

  Last year’s European Union bank stress test did not appropriately reflect systemic risks, EU auditors said on Wednesday, a shortfall that may have produced misleading results for some lenders,…

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30

Apr

Warnings about money laundering by Danske Bank in Estonia were ignored

Russia's Central Bank sent warnings in 2007 and 2013 to Estonian and Danish financial supervisors over suspect transactions worth billion of dollars at the Estonian branch of Danske Bank but…

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17

Apr

EBA ends probe of Estonian, Danish regulators over Danske Bank

The European Banking Authority (EBA), the EU banking watchdog, terminated an investigation of financial regulators in Estonia and Denmark in relation to suspected money laundering activities by Danske Bank after…

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04

Oct

Malta’s Finance Minister expresses disappointment at ‘unfair’ treatment against Malta by Commissioner Jourova

Malta's Finance Minister Edward Scicluna has expressed disappointment at what he described as the “unfair” treatment meted out against Malta by European Justice Commissioner Vera Jourova. The Finance Minister took…

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18

Jul

Wednesday Morning Briefing

Good morning, Matteo Salvini denounces photos of people stranded at sea by Libya as fake after being accused that this is a result of his action. Donald Trump blames his…

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