On Wednesday 6 December, the joint committee of the three European supervisory authorities (ESAs: EBA, EIOPA and ESMA) published a draft set of regulatory technical standards (RTS) specifying how certain European financial establishments should manage the risks of money laundering and the financing of terrorism to which their branches and subsidiaries based in third countries are exposed.
The RTS are aimed at European financial establishments that belong to a group that is covered by the...