Europe

Structural Regulation

SFTR Reporting Regime Goes Live for Buy-Side Firms

By Editors | 14/10/2020

Phase three of the SFTR places reporting obligations on investment funds, insurance companies and pension funds.

Cryptocurrency

UK FCA Bans Retail Sale Of Crypto Asset Derivatives

By Sanday Chongo Kabange | 08/10/2020

The ban covers contracts for difference, options, futures and exchange-traded notes referencing crypto assets, and will come into effect on 6 January 2021.

Clearing & Post-Trade

China’s DCE, ZCE Assessed as Post-trade Transparency Positive

By Editors | 08/10/2020

The positive assessments relieve EU investment firms from the obligation to make DCE and ZCE transactions post-trade transparent via an APA.

CBDCs

ECB Starts Preparing for Possible Digital Euro Issuance

By Sanday Chongo Kabange | 06/10/2020

A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.

Structural Regulation

EU Antitrust Objections Expected Over LSEG-Refinitiv Deal

By Manesh Samtani | 05/10/2020

EU regulators are said to have antitrust concerns over LSEG’s proposed acquisition of Refivitiv. A Singapore consultation covering similar concerns is closing soon.

Trading & Investment

SONIA Quoting Conventions to be Adopted in UK Swaps Market

By Editors | 01/10/2020

Interdealer brokers should base quotes in the sterling swaps market on SONIA rather than LIBOR from 27 October, the FCA and BOE say.

Sustainable Finance

China Yangtze Power Lists Depositary Receipts in London

By Editors | 28/09/2020

Yangtze Power is the first Chinese issuer to receive LSE’s ‘Green Economy Mark’, which recognises firms that derive at least half of revenues from the green economy.

Cryptocurrency

EU Unveils Digital Finance Strategy, Crypto-asset Framework

By Manesh Samtani | 27/09/2020

The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.

Structural Regulation

EU Sets Out Action Plan to Achieve Capital Markets Union

By Editors | 27/09/2020

The Action Plan seeks to make financing more accessible to European companies and integrate national capital markets into a genuine single market.