Europe

Fintech / Regtech

European Commission Launches Targeted Consultation on Digital Euro

By Editors | 07/04/2022

The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.

Securities / Derivatives

ECB Refuses Energy Traders’ Request for Emergency Liquidity

By Editors | 07/04/2022

The European Federation of Energy Traders had asked for a fund that could provide emergency liquidity support to support the functioning of energy markets.

Capital / Liquidity

EU Banks Seek Easing of Proposed Rules for Third Country Banks

By Editors | 07/04/2022

Banks are reportedly concerned that measures proposed in October will make it harder to access international markets and cross-border services.

Fintech / Regtech

UK Outlines Plan to Become Global Hub for Crypto

By Editors | 06/04/2022

The plan includes a regulatory framework for payment-related stablecoins, enhancements to the tax system, and greater engagement with the crypto industry.

AML / KYC

US, UK Announce New Russia Sanctions, EU to Ban Coal Imports

By Manesh Samtani | 06/04/2022

New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.

AML / KYC

From Russia in Haste

By ESG Investor | 06/04/2022

The response of corporates and investors to the invasion of Ukraine suggests both need to overhaul their due diligence processes.

Market Infrastructure

UK Regulators to Review LME’s Handling of Nickel Disruption

By Editors | 05/04/2022

The FCA will review LME’s approach to managing the suspension and resumption of the nickel market, while the BOE will review LME Clear.

Fintech / Regtech

EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

By Darien Choong | 04/04/2022

The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

Fintech / Regtech

FCA Allows Crypto Firms to Continue Under Temporary Registration

By Editors | 03/04/2022

Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.