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Canadian banks withdraw from UN-backed climate initiative, will Europe follow?
European banks are reported to be reconsidering their alliance with the Net Zero Banking Alliance as President Trump rescinds ESG Executive Orders and Memoranda.
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JP Morgan becomes sixth US bank to leave net zero alliance
As all founding US banks pull out of the Net Zero Banking Alliance, we look for reasons why and what’s next for the global net zero alliance.
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PRA and FCA propose reform to ease bank remuneration rules
Assessing proposals to make the remuneration regime for banks “more effective, simple and proportionate”, while still ensuring accountability for risk taking and appropriate outcomes for consumers and markets.
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GRIP Extra: EU to slash green regulations, Canada targets Google for anticompetitive conduct
Other news includes a controversial Australian social media ban for under-16s, and an increase in US bank assessment rates for 2025.
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Restrictions on bonuses relaxed for UK senior bankers
Top bankers will be able to access their bonuses faster as regulators relax City deferral and clawback rules.
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Barclays fined £40m over ‘reckless’ 2008 Qatar fundraising
Mark Taylor of Ibex Compliance identifies the key learning points from the FCA’s action against Barclays Bank.