Europe

    Capital / Liquidity

    European Commission May Scrap Stricter Foreign Bank Rules

    By Editors | 10/10/2022

    Proposed requirements that would automatically require foreign banks to set up a subsidiary if they reach a certain size may […]

    Market Infrastructure

    US, EU Move to Adopt New Data Sharing Framework

    By Editors | 10/10/2022

    The legal basis for transatlantic data transfers has been uncertain since 2020, after the EU-US Privacy Shield was declared invalid under EU law.

    AML / KYC

    LME Considers Banning Russian Metals from Warehouses

    By Editors | 08/10/2022

    Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.

    AML / KYC

    European Council Adopts Eighth Russia Sanctions Package

    By Editors | 06/10/2022

    The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.

    Crypto / Digital Assets

    European Council Approves Final MiCA Legislation

    By Manesh Samtani | 06/10/2022

    The next step before MiCA is formally adopted is for the European Parliament to vote on the proposal on Monday.

    ESG / Sustainability

    UK FCA Warns on Green Fund Label Abuse

    By ESG Investor | 05/10/2022

    FCA Director of ESG Sacha Sadan underlines need for market confidence, highlights importance of investor engagement.

    Market Infrastructure

    ESMA Recognises Shanghai Clearing House as Third-country CCP

    By Editors | 04/10/2022

    The recognition follows the adoption of a decision on the equivalence of China’s regulatory framework for CCPs with EMIR requirements in June.

    AML / KYC

    US, UK, Canada, Australia Announce More Russia Sanctions

    By Manesh Samtani | 03/10/2022

    The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.

    Market Infrastructure

    1M, 6M Synthetic GBP LIBOR to Cease at End March, FCA Says

    By Editors | 03/10/2022

    The FCA is still considering when to cease the 3-month synthetic GBP LIBOR setting, and whether to compel IBA to produce synthetic USD LIBOR settings after mid 2023.

    Capital / Liquidity

    EBA Considers Assessing Climate in Regular Bank Stress Tests

    By Editors | 02/10/2022

    The EBA has kicked off high level discussions on how to incorporate climate risks in regular stress tests that take place every two years.

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