EU lawmakers to vote on tighter crypto, ESG rules for banks

Lawmakers to vote on tougher shadow bank rulesLawmakers seek to tie ESG with bonusesLawmakers seek to align with global rules on cryptoLONDON, Jan 23 (Reuters) – Banks would have to set aside a punitive amount of capital to cover holdings of cryptoassets under a draft law due to be voted on by lawmakers on Tuesday.The European Parliament’s economic affairs committee is due to vote on cross-party compromises, seen by Reuters, on a draft law which implements remaining elements of Basel III, a global accord which forces banks to hold more capital to cope with market shocks unaided by taxpayers.One …
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