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Securities / Derivatives
LME to Introduce New Reporting Requirements on 18 July
By Editors | 20/06/2022
A lack of transparency in OTC positions was a key reason the LME struggled to manage the turbulent nickel trading earlier this year.
Crypto / Digital Assets
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
By Manesh Samtani | 20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
Crypto / Digital Assets
BIS Innovation Hub Announces New Set of Projects
By Editors | 20/06/2022
The first three Eurosystem Centre projects will focus on crypto markets, quantum-resistant cryptography for payments, and climate-related disclosures.
Market Infrastructure
MAS Carries Out Cyber Resilience Exercise with French Regulators
By Editors | 19/06/2022
The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.
AML / KYC
EBA Finalises Guidance for AML/CFT Compliance Officers
By Editors | 19/06/2022
The guidelines comprehensively address, for the first time at the EU level, the whole AML/CFT governance set-up at financial institutions.
Capital / Liquidity
BOE Asks Major Banks to Improve Resolution Plans
By Editors | 17/06/2022
The BOE said it found shortcomings in resolution plans prepared by HSBC, Lloyds Banking Group and Standard Chartered.
AML / KYC
UK OFSI Gets Stronger Powers to Punish Sanctions Breaches
By Editors | 16/06/2022
OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.
AML / KYC
US, UK to Jointly Promote Privacy-Enhancing Tech for AML
By Editors | 15/06/2022
The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.
ESG / Sustainability
UK Proposes Climate Risk Requirements for Actuaries
By ESG Investor | 15/06/2022
The UK Financial Reporting Council proposes to require actuaries to include climate change and other ESG–related risks in the course of their work.
Market Infrastructure
UK-Singapore Digital Economy Agreement Enters Into Force
By Darien Choong | 15/06/2022
The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.
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