Italy’s government latest amendments on windfall tax enable banks/lenders to opt out of the tax if they allocate 2.5 times the amount that would have been owed under the tax to strengthening their core tier-one capital reserves. The amendment also caps the tax at 0.26% of banks’ risk-weighted assets instead of 0.1% of total assets....Read More

German asset manager DWS has agreed to pay US$19mn to settle charges brought by the US Securities and Exchange Commission (SEC) over greenwashing allegations, the highest penalty related to environmental, social and governance criteria against an investment adviser imposed to date by SEC. The company, majority-owned by Deutsche Bank, was charged by the US SEC...Read More