Europe

Market Infrastructure

ESMA Adds TAIFEX to List of Recognised Third Country CCPs

By Editors | 18/01/2023

The recognition allows European financial institutions to apply the minimum risk weight of 2 percent for exposures to TAIFEX derivatives.

EU Regulators to Scrutinise Financial Product Marketing

By Editors | 17/01/2023

A review will be undertaken this year to assess whether marketing and advertising comply with MiFID II disclosure rules.

Crypto / Digital Assets

UK to Launch Digital Currency Consultations in Coming Weeks

By Mark Johnston | 15/01/2023

One consultation will cover the attributes of a digital pound. The other will cover the UK’s approach to regulating crypto and DeFi.

Securities / Derivatives

FIA Publishes Netting and Collateral Opinions for China

By Editors | 13/01/2023

China’s adoption of its new Futures and Derivatives Law in August 2022 made it possible for FIA to commission the opinions.

AML / KYC

UK FCA Penalises Qatar’s Al Rayan Bank for AML Failures 

By Editors | 13/01/2023

The bank had no policy for handling large deposits and did not conduct an internal audit of its financial crime unit over an 8-year period, among other weaknesses.

Securities / Derivatives

LME Blocked from Resuming Nickel Trade During Asia Hours

By Editors | 12/01/2023

The FCA thinks the LME does not have adequate supervisory controls for Asia market hours. The Oliver Wyman review has also been released.

AML / KYC

ESMA Recommends Use of DTI Codes for DLT Pilot Regime

By Manesh Samtani | 12/01/2023

The DTI Foundation, a division of Etrading Software, has so far issued ISO-standard DTI codes for over a thousand of the most commonly traded digital assets.

ESG / Sustainability

Increase in Global Adoption of ESG Metrics in Executive Pay

By ESG Investor | 11/01/2023

Last year saw continued growth in the global adoption of ESG metrics in executive incentive plans, according to a Willis Tower Watson report.

EU Considers Ban on Inducements for Selling Retail Investment Products

By Editors | 11/01/2023

A ban on banks paying inducements to distributors, brokers and investment advisors would fundamentally change banking business models.