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ING bank tightens restrictions on oil and gas lending

Global Banking & Finance

By Virginia Furness and Simon Jessop Dutch lender ING is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank’s chief executive told Reuters. European banks have taken the lead in policies to tackle […]

Banking 52
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The Thursday T+1 trading conundrum

The TRADE

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”

Trading 59
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UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch

The TRADE

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.

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Bloomberg to offer access to CSRD data ahead of reporting deadline

The TRADE

Once reporting requirements begin in 2025, Bloomberg stated that the new data offering will help to holistically inform the sustainability strategy of financial firms and will help with the sustainability reporting of their financing activities.

Finance 64
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European Council and Parliament reach milestone Mifid compromise on consolidated tape and PFOF

The TRADE

Thursday’s agreement will see the establishment of a real-time EU-level consolidated tape for “different kinds of assets” traded in the EU. Data from “all trading platforms” will be included in consolidated tapes. Key information such as the price of instruments and the volume and time of transactions will be included.

Trading 75
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Deutsche Börse launches regulated spot platform for crypto assets targeting institutional clients

The TRADE

DBDX claims to provide a fully regulated, secure ecosystem for trading, settlement and custody of crypto assets, leveraging existing connectivity to market participants. Initially, trading on the DBDX will take place on a request for quote (RFQ) basis, followed by multilateral trading.

Finance 72
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Recent EU consolidated tape compromise is a ‘missed opportunity’, says AFME

The TRADE

Following last week’s agreement, a real-time EU-level consolidated tape for a range of assets traded in the EU will be established, including key information such as the price of instruments and the volume and time of transactions. Data from all trading platforms will be included in the consolidated tape. told The TRADE.

Trading 75