Search Results for: SEC
ESMA presents methodology for climate risk stress testing and analysis of the financial impact of greenwashing controversies
January 26th, 2024
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published two articles, one outlining an approach to modelling the impact of asset price shocks from adverse scenarios involving climate-related risks, the other exploring ...
UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
January 26th, 2024
KEY POINTS Data from industry body Innovate Finance shows that global investment in fintechs sank to $51.2 billion in 2023, down 48% from 2022. Despite that, the UAE saw total investment soar 92%, thanks in part to more fintech-friendly ...
Eurojust supports international operation against tax evasion through sham contracts
January 26th, 2024
Eurojust has supported the competent authorities in Germany, Estonia, Latvia, Lithuania and Poland in a coordinated action against a group of suspects allegedly involved in tax evasion through sham contracts with foreign subcontractors. During an operation on 10 October, ...
Cryptojacker arrested in Ukraine over EUR 1.8 million mining scheme
January 26th, 2024
The National Police of Ukraine (Національна поліція України), with the support of Europol, has arrested an individual believed to be the mastermind behind a sophisticated cryptojacking scheme. The 29-year-old individual was apprehended in Mykolaiv, Ukraine, on 9 January. Three ...
ESMA finds data quality significantly improves under new monitoring approach
April 21st, 2023
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published the third edition of its Data Quality Report under the European Markets Infrastructure Regulation (EMIR) and the Securitised Financing Transactions Regulation (SFTR) reporting ...
EU lawmakers skeptical on Digital Euro plans
April 21st, 2023
The European Union’s elected lawmakers seem skeptical about the point of issuing a central bank digital currency (CBDC) as the bloc prepares to make key decisions on a digital euro in the coming months. During a Wednesday debate, members ...
New IBA report examines fintech regulation across 39 jurisdictions
April 21st, 2023
The International Bar Association banking law committee has published a report entitled ‘Fintech: how is the world shaping the financial innovation industry?’ The report compares the fintech regulatory frameworks of 39 jurisdictions across North and South America, Africa, Asia ...
Fraudulent online investment platform: five arrests of high-value targets
April 21st, 2023
Eurojust and Europol have supported a new coordinated action against a fraudulent online investment platform, which has so far cost at least 33 000 victims an estimated EUR 89 million. At the request of the German authorities, two action ...
Tourism: €572 billion gross value added in the EU. The countries with the highest shares of tourism
April 21st, 2023
In 2019, the last year before the COVID-19 pandemic heavily hit the tourism sector, the gross value added directly generated by tourism amounted to an estimated €572 billion, or 5% of the total gross value added in the EU ...
Europe stocks lower with earnings season off to volatile start
April 21st, 2023
European stock markets are slightly lower on Friday after investors reacted sharply to corporate earnings. The pan-European Stoxx 600 was flat at the open before declining 0.22%, with major bourses narrowly in the red. Sectors were mostly lower, with ...
