Europe

Fintech / Regtech

EIB Issues First Digital Bond on Public Blockchain

By Sanday Chongo Kabange | 04/05/2021

The digital bond issuance was carried out using a distributed ledger for registration and a CBDC for settlement.

Securities / Derivatives

FCA Proposes Rule Changes to Encourage SPAC Listings

By Sanday Chongo Kabange | 03/05/2021

The FCA proposes to exempt SPACs that identify an acquisition target from being suspended, if they have certain investor protections in place.

Market Infrastructure

Cboe to Launch New European Venue for Equity Derivatives

By Editors | 02/05/2021

Clients will benefit from having more choice, and lower friction pricing models will promote greater liquidity, says Morgan Stanley’s David Russell.

AML / KYC

UK Establishes New Global Anti-Corruption Sanctions Regime

By Manesh Samtani | 28/04/2021

The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.

Crypto / Digital Assets

UK Taskforce Publishes Digital Dispute Resolution Rules

By Sanday Chongo Kabange | 25/04/2021

The rules allow parties to digital transactions to quickly resolve disputes through arbitration, where decisions are implemented within smart contracts.

Capital / Liquidity

ECB Identifies Internal Model Deficiencies at Big Banks

By Manesh Samtani | 25/04/2021

The changes to correct the deficiencies will result in an overall absolute increase in risk-weighted assets of about EUR 275 billion.

Enforcement

FINMA Opens Probe Into Credit Suisse Archegos Losses

By Sanday Chongo Kabange | 24/04/2021

The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.

ESG / Sustainability

European Sustainability Reporting Standards Within 18 Months

By ESG Investor | 23/04/2021

Patrick de Cambourg, Chair of the EFRAG Project Task Force, told ESG Investor that the formation of the EU sustainability reporting standards will be collaborative.

AML / KYC

BaFin Files Criminal Complaint Against Deutsche Bank Exec

By Manesh Samtani | 23/04/2021

Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY’s audits of Wirecard is continuing.