Europe

ECB Launches €750b Emergency Asset Purchase Programme

By Editors | 20/03/2020

The ‘Pandemic Emergency Purchase Programme’ will include purchases of public and private securities, including non-financial commercial paper and Greek sovereign bonds, until end-2020.

Market Infrastructure

ESMA Defers SFTR Start Date for Phase One Reporting Entities

By Editors | 19/03/2020

ESMA now expects trade repositories, credit institutions, investment firms to be ready for SFTR reporting from 13 July, alongside CSDs and CCPs.

Capital / Liquidity

ECB Announces Stimulus Measures, Banks Granted Regulatory Relief

By Editors | 13/03/2020

The measures include liquidity facilities to help businesses, targeted asset purchases, and relaxed regulatory requirements for banks.

Market Infrastructure

Eurex Approved to Offer Clearing Services in Japan

By Editors | 12/03/2020

The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.

AML / KYC

European Banking Federation Publishes AML Blueprint

By Editors | 11/03/2020

The EBF identifies four priorities that need to be addressed, from which it has formulated 20 concrete policy recommendations detailed in the blueprint.

AML / KYC

UK Plans New Levy on FIs to Help Combat Money Laundering – Report

By Editors | 09/03/2020

The Economic Crime Levy is expected to come into force in the next 2-3 years to raise money for new technology for law enforcement and to hire more financial investigators.

ESG / Sustainability

FCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures

By Editors | 08/03/2020

The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.

Market Infrastructure

Trade Bodies Publish EMIR Reporting Best Practices Matrix

By Editors | 01/03/2020

The best practice matrix is aimed at providing an agreed and standardised market guide for firms to use to comply with EMIR trade reporting requirements.

Market Infrastructure

BOE to Increase Haircuts on LIBOR-linked Collateral from October

By Editors | 27/02/2020

The market need to see a decisive acceleration in effort in 2020 to ensure risk-free rates are adopted and LIBOR is left behind for good, the BOE’s Andrew Hauser said.