Europe

    Enforcement

    London Trader Jailed for LIBOR Manipulation Released

    By Editors | 05/02/2021

    Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.

    Market Infrastructure

    Is it Time to Regulate ESG Scores and Ratings?

    By ESG Investor | 03/02/2021

    End-users are seeking more transparency around cost and methodology to improve comparability across third-party vendors.

    Germany’s BaFin to Be Reorganised, Top Officials Forced Out

    By Editors | 31/01/2021

    Finance minister Olaf Scholz said the Wirecard affair revealed a need to reorganise Germany’s system of financial regulation “so that it can fulfil its supervisory role more effectively”.

    Market Infrastructure

    LME Proposes to Close Europe’s Last Open-outcry Trading Venue

    By Editors | 21/01/2021

    The LME’s trading ring has been used for metals trading since 1877. It’s temporary closure in March due to the Covid-19 pandemic may end up being permanent.

    Fintech / Regtech

    EU Competition Authorities Approve LSEG-Refinitiv Merger

    By Manesh Samtani | 14/01/2021

    The commitments offered by LSEG fully address the competition concerns raised by the proposed transaction, the European Commission said in a statement.

    Market Infrastructure

    LIBOR Transition Must be Complete by Year-End, UK Regulators Warn

    By Editors | 14/01/2021

    From end-March 2021, GBP LIBOR should no longer be used in any new loans, bonds, securitisations and linear derivatives that mature after end-2021.

    Market Infrastructure

    China, EU Leaders Agree Bilateral Investment Treaty

    By Editors | 03/01/2021

    China will open multiple industries to EU businesses, removing joint-venture requirements, equity caps and forced technology transfers.

    Securities / Derivatives

    Euroclear Bank, Japan Launch New Asset Class: ‘Origami Bonds’

    By Editors | 17/12/2020

    Japanese cities Kobe and Yokohama as well as Shizuoka Prefecture were the first three issuers to utilise the new Origami bond structure.

    Capital / Liquidity

    ECB Eases Restrictions on Bank Dividends, Share Buybacks

    By Editors | 17/12/2020

    A continued prudent approach remains necessary until 30 September 2021, given the persisting economic uncertainty, the ECB says.

    Market Infrastructure

    Euroclear Bank, Shanghai Clearing House Launch ‘Yulan Bonds’

    By Editors | 09/12/2020

    Yulan bonds issued by SHCH will use real time multi-currency DVP settlement with any counterparty within Euroclear Bank’s network.

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