Europe

AML / KYC

US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades

By Manesh Samtani | 25/03/2022

The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.

Fintech / Regtech

FCA, BOE Offer New Guidance on Addressing Crypto Risk

By Editors | 24/03/2022

Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.

Capital / Liquidity

BOE Offers Clarity on Basel III Implementation Timing

By Editors | 23/03/2022

The BOE says it plans to publish a consultation paper on Basel III implementation in Q4, with a view to implementing the new capital rules in January 2025.

AML / KYC

Russia Promises to Contain Economic Fallout from Sanctions

By Manesh Samtani | 21/03/2022

Australia bans alumina exports to Russia. India is working on a rupee-ruble trade arrangement that would allow it to continue buying Russian energy.

Securities / Derivatives

Eurex Sets Launch Date for Expansion of KRX Link

By Editors | 20/03/2022

International investors will be able to trade KOSPI 200 options with weekly expiries outside Korean trading hours via Eurex from 28 March.

Market Infrastructure

European Commission Proposes Enhancements to CSDR

By Editors | 19/03/2022

The proposal seeks to provide more proportionate and effective rules for CSDs, while also facilitating their ability to offer cross-border services.

Securities / Derivatives

European Energy Traders Seek Central Bank Liquidity Support

By Darien Choong | 17/03/2022

Key energy producers and traders in Europe are asking for “emergency” liquidity assistance to help them meet margin calls in energy derivatives.

Securities / Derivatives

UPDATED – LME Forced to Halt Nickel Trading Again

By Darien Choong | 17/03/2022

A technical fault permitted nickel trades to execute below a newly installed price limit, after the market was closed for a week.

Securities / Derivatives

LME Set to Reopen Following Nickel Short Squeeze Incident

By Darien Choong | 16/03/2022

Chinese nickel producer Tsingshan Holding Group has secured a liquidity facility to help it meet its margin and settlement obligations on the LME.