Europe

    ESG / Sustainability

    Common Ground Taxonomy: An Analytical Tool

    By Manesh Samtani | 20/09/2022

    The HKGFA is looking to address misconceptions about the EU-China Common Ground Taxonomy and how it is meant to be used, says Chaoni Huang.

    Crypto / Digital Assets

    UK FCA Issues Warning Against Crypto Exchange FTX

    By Editors | 20/09/2022

    The FCA said FTX is targeting UK consumers without proper authorisation. FTX believes a scammer is impersonating the company.

    Crypto / Digital Assets

    ECB Selects Five Firms to Develop CBDC User Interfaces

    By Editors | 18/09/2022

    CaixaBank, Worldline, EPI, Nexi and Amazon will each focus on one specific use case of a digital euro in the prototyping exercise, the ECB said.

    AML / KYC

    US Imposes New Sanctions on Russian Targets

    By Manesh Samtani | 16/09/2022

    The US and EU are also discussing plans target Turkish banks that have joined Russia’s Mir payment system. Putin unexpectedly admitted to tensions with Xi.

    AML / KYC

    US Treasury Issues Guidance on Russian Oil Price Cap

    By Manesh Samtani | 12/09/2022

    The price cap on Russian crude starts in December. India and China import over half of Russia’s seaborne oil. Nord Stream 1 is closed.

    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.

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