Europe

    AML / KYC

    UK OFSI Updates Sanctions Guidance to Include Crypto

    By Editors | 07/09/2022

    Crypto firms are directed to freeze assets of targets listed under the Consolidated List and report suspected sanctions breaches to the OFSI.

    Market Infrastructure

    CME Proposes Early Conversion of Eurodollar Futures, Options

    By Editors | 06/09/2022

    The proposed 13 April 2023 conversion date is intended to help firms complete their operational work as early as possible in the LIBOR-to-SOFR transition process.

    Market Infrastructure

    Liz Truss Implications for the UK Financial Sector

    By Manesh Samtani | 06/09/2022

    Planned tax cuts will benefit banks. The FCA, PRA and PSR may be merged. China may be declared a threat to national security.

    AML / KYC

    German Prosecutors Raid JP Morgan as Part of Cum-Ex Probe

    By Editors | 04/09/2022

    Around 1,500 people are currently under investigation across 50 international and domestic financial institutions and brokers.

    Crypto / Digital Assets

    CME Group Launches Bitcoin, Ether Futures in Euro

    By Editors | 31/08/2022

    CME says the new contracts will provide institutional investors precise tools to trade and hedge their crypto exposures.

    Enforcement

    UK Regulators Conclude Six-Year Probe Into HBOS Execs

    By Manesh Samtani | 30/08/2022

    No further action will be taken against former senior managers of HBOS, which collapsed in 2008 during the height of the 2008 global financial crisis.

    Securities / Derivatives

    ICE to Launch UK Carbon Allowance Options in October

    By Editors | 28/08/2022

    UK Carbon Options will provide a new tool for managing carbon emissions price risk, building upon the launch of UK carbon allowance futures in May 2021.

    ESG / Sustainability

    Global Banks Worry of Extraterritoriality in EU’s CSRD – Report

    By Editors | 28/08/2022

    CSRD is “off-putting” for banks’ clients, as it would subject foreign companies to the full set of rules if they list even a single instrument in the EU.

    Securities / Derivatives

    BOE Confirms Plans to Remove USD LIBOR Contracts from DCO

    By Editors | 26/08/2022

    The BOE will add SOFR overnight index swaps to the scope of contracts subject to the derivatives clearing obligation and remove USD LIBOR contracts in April 2023.

    AML / KYC

    Germany to Form New Federal Authority for Financial Crime

    By Editors | 26/08/2022

    Germany currently has more than 300 supervisors, an issue highlighted by the FATF in its latest mutual evaluation report on the country.

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