Europe

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

By Editors | 25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.

Securities / Derivatives

CME to Launch Crypto Reference Rates, Indices in Euro

By Editors | 24/05/2022

New non-tradable EUR-denominated reference rates and real-time indices for Bitcoin and Ether will be published starting 6 June.

Market Infrastructure

LME Proposes to Enhance Reporting of OTC Metals Trades

By Editors | 21/05/2022

Banks would be required to report all off-exchange trades in aluminium, copper, nickel, tin and zinc on a weekly basis.

Securities / Derivatives

Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA

By Manesh Samtani | 19/05/2022

ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.

AML / KYC

US Warns Foreign Banks Against Facilitating Sanctions Evasion

By Editors | 18/05/2022

Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.

ESG / Sustainability

Future Uncertain for UK SDRs After Omission

By ESG Investor | 16/05/2022

Details on the SDRs were omitted from a new financial services bill outlined during the Queen’s Speech last week.

Market Infrastructure

UK Unveils Legislative Agenda for Financial Services, Markets

By Manesh Samtani | 12/05/2022

The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.

AML / KYC

The EU’s MiCA Races to Create a Regulatory Superhighway

By Ari Redbord | 11/05/2022

Ari Redbord outlines what crypto-asset service providers need to understand as discussions continue on an EU-wide regulatory framework for crypto.

AML / KYC

MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering

By Mark Johnston | 11/05/2022

Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.