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Fintech / Regtech
Worldline, NPCI to Enable Indian UPI Payments Across Europe
By Editors | 12/10/2022
The first target markets are set to include Benelux (Belgium, the Netherlands, and Luxembourg) and Switzerland, with further plans for expansion.
Enforcement
UK FCA Queries Banks About Staff Messaging Practices
By Editors | 12/10/2022
The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.
Capital / Liquidity
ECB Cautions European Banks on Bonus, Dividend Payouts
By Editors | 11/10/2022
The ECB is reportedly concerned that a sharper slowdown next year could trigger a wave of defaults, and that banks may be underestimating the risks.
Market Infrastructure
EMMI Sets Launch Date for Euro Forward-looking Term Rate
By Editors | 11/10/2022
ICE Benchmark Administration has been appointed as the calculation agent for EFTERM, which will launch on 14 November 2022.
ESG / Sustainability
LSE’s VCM to Finance Climate Change Mitigation
By ESG Investor | 10/10/2022
The London Stock Exchange has announced the launch of the first VCM by a primary exchange with the publication of final admission and disclosure rules.
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.
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