Europe’s markets regulator is warning about potential dangers of artificial intelligence (AI) use by investment firms. The European Securities and Markets Authority (ESMA) issued guidance Thursday (May 30) for companies using AI when providing investment services to retail clients. “When using AI, ESMA expects firms...
A European regulator has proposed new rules for cryptocurrency companies headquartered outside of the bloc. The European Securities and Markets Authority (ESMA) introduced regulations Monday (Jan. 29) that would place limits on those companies’ ability to serve customers in the European Union (EU) to prevent unfair competition. The...
France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location for the agency. Addressing European Union (EU) ambassadors on Friday (Nov. 17), Le Maire highlighted that Paris already serves as...
Environmental, social and governance (ESG) issues are increasingly central to fund managers’ investment strategies, and ESG investment has been on the rise for several years. Deloitte predicts that at their current growth rate, ESG-mandated assets are on track to represent half of all professionally managed...
May 30, 2024
Europe’s markets regulator is warning about potential dangers of artificial intelligence (AI) use by investment firms. The European Securities and Markets Authority (ESMA) issued guidance Thursday (May 30) for companies using AI when providing investment services to retail clients. “When using AI, ESMA expects firms to comply with relevant MiFID II requirements, particularly when it […]
January 29, 2024
A European regulator has proposed new rules for cryptocurrency companies headquartered outside of the bloc. The European Securities and Markets Authority (ESMA) introduced regulations Monday (Jan. 29) that would place limits on those...
November 17, 2023
France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location for the agency. Addressing European...
July 15, 2020
The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG, the collapsed payments company that is facing...
